Forex Trading Information

Forex — the foreign exchange (currency or FOREX, or FX) market is the biggest and the most liquid financial market in the world. It boasts a daily volume of more than $5.3 trillion (as of April 2013). Trading in this market involves buying and selling world currencies, taking profit from the exchange rates difference. FX trading can yield high profits but is also a very risky endeavor. Everyone can participate in foreign exchange trading via the Forex brokers.

You can also join a friendly community of traders at the Forex forum.

Latest in Forex

  • Alexander Jankovic from Slovakia writes about MXTrade:

    I have traded with MXTrade before and I can say that they are really dedicated on bringing the best quality of services to their customers. They do not give special treatments to their big clients, and treats everyone with the same respect. No matter...

  • Shawn White from Mexico writes about Formax:

    Formax are one of the most professional brokers I have had an account with, execution is excellent, pricing is competitive, deposits and withdrawals are super fast and they have the best customer service I have experienced. Highly recommend!

  • Marco from Italy writes about SuperForex:

    Being a newcomer it was a difficult to begin to trade and difficult to choose the best broker. I just liked their web site and decided to open there my first account. I met here good support, interesting analytics and reviews and good information to...

  • Abdul Samad from malaysia writes about ForexTime (FXTM):

    To begin with, when I trade, the most important thing for me is the trust between a broker and the customer.

    Usually I open a cent account to test out a broker's services. From that perspective, FXTM is quite an interesting broker.

    In January 201...

Forex Blog

Forex Brokers Update — October 23rd, 2016

Sun, 23 Oct 2016 8:14

With no new brokers this week, there are some updates to the existing listings worth reporting on: Windsor Brokers no longer have Russian, Chinese, and Greek versions of their website. Added Polish version instead. Forex Club no longer offers RUMUS and StartFX 2 trading platforms....

Weekly Forex Technical Analysis (Oct 24 — Oct 28)

Sat, 22 Oct 2016 9:07


Floor pivot points

3rd Sup2nd Sup1st SupPivot1st Res2nd Res3rd Res
1.0629 1.0744 1.0809 1.0924 1.0989 1.1104 1.1168

Woodie's pivot points

2nd Sup1st SupPivot1st Res2nd Res
1.0731 1.0784 1.0911 1.0964

One-Hour Trade Insurance from easyMarkets

Fri, 21 Oct 2016 14:32

Three weeks, a representative from easyMarkets contacted me to ask if I would be interested to test their new intriguing feature called dealCancellation. They provided me with a free live account with $200 in it to explore this trading tool. This week, I have finally got some...

Forex News

ECB Policy Statement Leads to Weekly Losses for Euro

ECB Policy Statement Leads to Weekly Losses for Euro

Sat, 22 Oct 2016 13:04

One of the most important events this week was the monetary policy decision from the European Central Bank. While the ECB did not change its policy, the accompanying statement was dovish enough to send the euro crashing down against most other major currencies.

Dollar Rallies Against Rivals During Friday's Trading

Dollar Rallies Against Rivals During Friday's Trading

Fri, 21 Oct 2016 18:25

The US dollar was flat against the Japanese yen but rallied against other most-traded currencies during the Friday's trading session. The major reason for the currency's strength remained the outlook for an interest rate hike in December.

CAD Turns Lower After Data Fails to Reach Consensus Forecast

CAD Turns Lower After Data Fails to Reach Consensus Forecast

Fri, 21 Oct 2016 17:07

The Canadian dollar went down today, falling for the third consecutive trading session against the Japanese yen, after economic reports released by Statistics Canada missed market expectations.

Commodity Blog

Bearish Pennant on Daily Chart -- Bad News for Silver

Sun, 23 Oct 2016 21:17

A bearish pennant has formed on a daily chart of silver. The pattern occurs when prices enter a period of consolidation after a sharp move down. It is...

Commodities Technical Analysis, October 24th — October 28th

Sun, 23 Oct 2016 9:21

The technical analysis, that includes the indicators’ data and major pivot points for WTI Oil, Gold, Silver and Copper as traded on spot market as of October 23rd, 2016:...

Crude Oil Higher as Russia Supports Production Freeze, Struggles to Keep Gains After Rig Count

Fri, 21 Oct 2016 17:55

Crude oil rallied today (though prices for the West Texas Intermediate grade have backed as of now) after Russia confirmed commitment to join production freeze...

Forex Video Zone

How Interest Rates Are Set — The Fed's New Tools Explained

Sun, 23 Oct 2016 14:22

Interest rates have been near zero since the financial crisis. It has made it cheaper for everyone to borrow from banks, homeowners, and car buyers. But as the economy improved, the Fed wanted to raise interest rates to keep it from overheating. Some of the tools that the central bank use in previous decades to control interest rates don't work the way they used to. So, the Fed has devised a fnew...

Daily Forex News and Analysis — October 23rd 2016

Sun, 23 Oct 2016 13:33

The British pound has slowed down from its 5-month descent following the historic Brexit referendum. On Friday, the GBP/USD pair still closed at a drop, losing 20 pips, at 1.2234. The EUR/USD pair also slipped, dropping by 45 pips, to end the week at 1.0884. The USD/CAD had a more positive trading day, going up by 102 pips, to close at 1.3332. Following an announcement from Russia's Energy Minister, on the country's crude oil output...

EUR/USD and GBP/USD Forecast — October 21st 2016

Fri, 21 Oct 2016 15:15

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the October 21st session. EUR/USD — This pair shot higher and did break above the 1.10 level. However, we found enough resistance above to turn the market back around and drive it towards 1.09. With that being the case, if we can break down below here, we could very well go down to 1.05,...