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 $5.1 trillion. 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.

Getting into Forex trading is easy:

1. Start with our free Forex course.
2. Open an account with a broker.
3. Learn from other traders at the forum.

Latest in Forex

  • Dan A. from Cameroon writes about Fort Financial Services:

    My first impressions were not great but I gained a lot of respect for FortFS. There was a misunderstanding at first and I lost my bonus but they can admit when they were wrong and solved the issue with my order. The live chat was super helpful. I wil...

  • S.Smith from United States writes about Coinexx:

    This was my first time purchasing bitcoin to fund an account. I got an address from the terminal it took me about an hour to figure everything out. I purchased through Coinbase so it took a long time going through all the confirmations so I just chec...

  • Merry Balti from Finland writes about ForexChief:

    What they offer is exactly what is written in their website. I have noticed the spreads are even lower. There have been a couple of platform freezing when there is important economic news update. Still, my overall experience with the broker is positi...

  • Anna from Ukraine, Lviv writes about IFC Markets:

    As many of us I have traded with several companies and there is something I noticed:

    Info on official website not always represent the facts!!! It just makes me crazy every time.

    And there is why I am writing my first review about any broker:

    Inf...

Forex Blog

EUR/USD Rallies Ahead of Wednesday's FOMC Policy Decision

Mon, 17 Dec 2018 21:51

EUR/USD rallied today as the US dollar was soft ahead of the monetary policy announcement from the Federal Open Market Committee on Wednesday. The outlook for the greenback remained largely bullish, though. NY Empire State Index slumped from 23.3 in November to 10.9 in December, whereas analysts had...

Forex Brokers Update — December 16th, 2018

Sun, 16 Dec 2018 12:15

With another week passing empty-handed as of new brokers, we report on some of the listed Forex companies that have been updated: TradeCMX increased its minimum account size dramatically — from $50 to $10,000. Tifia reduced the minimum account size from $100 to $10. The broker has launched cryptocurrency trading...

Weekly Forex Technical Analysis (Dec 17 — Dec 21)

Sat, 15 Dec 2018 9:57

EUR/USD

Floor pivot points

3rd Sup2nd Sup1st SupPivot1st Res2nd Res3rd Res
1.1063 1.1166 1.1236 1.1339 1.1409 1.1512 1.1582

Woodie's pivot points

2nd Sup1st SupPivot1st Res2nd Res
1.1158 1.1219 1.1331 1.1392
...

Forex News

Canadian Dollar Sinks Alongside Crude Oil

Canadian Dollar Sinks Alongside Crude Oil

Tue, 18 Dec 2018 19:19

The Canadian dollar sank today, falling to the lowest level since June 2017 versus the US dollar. The main reason for the decline was likely the slump of prices for crude oil, though surprisingly poor macroeconomic data played its part as well.

Swiss Franc Drops After Switzerland's Economic Outlook Gets Negative Revision

Swiss Franc Drops After Switzerland's Economic Outlook Gets Negative Revision

Tue, 18 Dec 2018 17:50

The Swiss franc traded on par with the US dollar but fell against most other major currencies today. While the market sentiment seemed to be beneficial to safe currencies, news from Switzerland itself was detrimental to the Swissie.

US Dollar Retreats Ahead of Fed Decision, Recession Talk

US Dollar Retreats Ahead of Fed Decision, Recession Talk

Tue, 18 Dec 2018 16:43

The US dollar is retreating against some of its major rivals on Tuesday as traders wait for action from the Federal Reserve. There is also some new data out that is fueling talk of a recession, nearly one decade after the end of the last economic contraction.

Commodity Blog

Crude Oil Extends Losses, WTI Crude Falls Below $48

Tue, 18 Dec 2018 18:32

Prices for crude oil continued to sink today, extending yesterday's losses, with the West Texas Intermediate grade falling below the $48 level. It...

Copper Slumps As Investors Wait for Fed Decision

Tue, 18 Dec 2018 16:11

Copper futures are slumping on Tuesday as traders wait for the Federal Reserve to announce a decision pertaining to interest rates. The industrial metal has...

Crude Oil Futures Sink on Global Glut Concerns, WTI Crude Below $50

Mon, 17 Dec 2018 22:16

Futures for crude oil attempted to rally during the Monday's trading session, but failed, and ended the session with huge losses. US crude fell below...

Forex Video Zone

Paralysis by Analysis — A Common Problem for New Traders

Paralysis by Analysis — A Common Problem for New Traders

Tue, 18 Dec 2018 16:24

In this video, you will learn about a psychological phenomenon known as paralysis by analysis. Beginner traders may find using templates that come with MetaTrader platform. They may start with a momentum template and change to MACD and so on. This is what is called paralysis by analysis. They don't stick to one trading system. Statistically, it may be profitable, they may...

Traders Anxious in Run-Up to FOMC Meeting

Traders Anxious in Run-Up to FOMC Meeting

Tue, 18 Dec 2018 15:09

The greenback is facing a bearish pressure. This is due to the hawkish tone of the Fed regarding the monetary policy. Investors are looking forward to know the meeting minutes of the FOMC. The US dollar index is trading at 97.15. The USD/JPY pair is trading at 112.60. The AUD/USD pair is trading at 0.7190. Recently, the Reserve Bank of Australia conducted the policy meeting. As the economic situation in Australia is...

Bitcoin Forecast — December 18th 2018

Bitcoin Forecast — December 18th 2018

Tue, 18 Dec 2018 8:45

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the December 18th session. Bitcoin/USD — Monday session showing some signs of positiveness in the market. It was an impressive green candle. It shows that perhaps the markets could rally for a while. However, from the past, all rallies are to be treated as dead cat bounces. So, you can short them that show signs like...