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 $6.6 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

  • Santiago Coelho from Portugal writes about AAFX Trading:

    This broker is ideally suited for testing a wide range of strategies, from my point of view. This company is good for conservative traders who don’t need any exclusive features. You know what a conservative trader needs - a convenient trading process...

  • Misko from Serbia writes about Yadix:

    I have started trading indexes with this broker two months ago. There is nice list of all major indexes in the US and other important markets in the world. Conditions are fair, spreads are low some 5-7 pips on standard account. The good thing here is...

  • Sani from Indonesia writes about FBS:

    I see FBS really professional company, beside they provided many education material they also provided many source of customer support and I really like Live chat support. available 24/7 with multi languages. So, we can get help whenever we need with...

  • igeenger from Belarus writes about Yadix:

    My previous broker was sending me rebates directly to my PayPal account. This was a real mess, so I gave up and switched to Yadix. What I like the most is transparency, as I am receiveing my rebates every time I close the position. It means a lot to ...

Forex Blog

Forex Brokers Update — January 24th, 2021

Sun, 24 Jan 2021 10:12

Yet another week of 2021 has passed without new additions to the list of brokers on our website. Meanwhile, some of the listed brokers have been updated: LiteForex now supports AdvCash payments. M4Markets added Great Britain pound to supported account currencies. The broker no longer offers phone trading, MAM,...

Weekly Forex Technical Analysis (Jan 25 — Jan 29, 2021)

Sat, 23 Jan 2021 9:45

EUR/USD

Floor pivot points

3rd Sup2nd Sup1st SupPivot1st Res2nd Res3rd Res
1.1950 1.2002 1.2086 1.2138 1.2222 1.2274 1.2358

Woodie's pivot points

2nd Sup1st SupPivot1st Res2nd Res
1.2010 1.2103 1.2146 1.2238
...

EUR/USD Moves in Range After Markit PMI Releases

Fri, 22 Jan 2021 16:11

EUR/USD was moving in a range today. The currency pair rose a bit intraday but has pulled back closer to the opening level by now. The market sentiment worsened, making traders prefer the dollar over riskier currencies, but market analysts expect that the outlook for fiscal stimulus in the United States and hopes...

Forex News

Turkish Lira Rises As Turkey-Greece Initiate Resolution Process for Maritime Boundaries

Turkish Lira Rises As Turkey-Greece Initiate Resolution Process for Maritime Boundaries

Mon, 25 Jan 2021 14:32

The Turkish lira strengthened against its US peer to kick off the trading week, buoyed by reports that Turkey and Greece could soon resolve Maritime boundaries. The lira found additional support on decent economic data, as well as optimistic forecasts for 2021.

Aussie Joins Commodity-Geared Counterparts in Rally, AUD/NZD Falls

Aussie Joins Commodity-Geared Counterparts in Rally, AUD/NZD Falls

Mon, 25 Jan 2021 7:06

The Australian dollar was firm today, joining other commodity-related currencies in a rally, thanks to the positive market sentiment. The strongest currency on the Forex market on Monday was the New Zealand dollar, though.

AUD/USD in Consolidation Around 0.7744

AUD/USD in Consolidation Around 0.7744

Mon, 25 Jan 2021 5:48

The Australian versus the United States dollar currency pair seems to have hit the pause button for the climb, for it unfolds a consolidation phase.

Commodity Blog

Bitcoin to Break $36K After Breaking Out from 4-Day Range

Mon, 25 Jan 2021 18:22

Bitcoin finally breached the $34,000 price resistance after nearly 4 days of consolidation between $30,000 and $33,500. The top cryptocurrency...

Video: Crude Oil Price Analysis for February 2021 - Is WTI Still in an Uptrend?

Mon, 25 Jan 2021 16:36

In the present video, David Jones from Capital.com provides his forecast for WTI crude oil in February 2021, trying to answer the question: is selling crude...

Copper Slips Amid New COVID-19 Outbreak in China, Stronger US Dollar

Mon, 25 Jan 2021 15:13

Copper futures are slipping to start the trading week, driven by investor concerns over the new coronavirus outbreak in China and a rising US dollar....

Forex Video Zone

EUR/USD and GBP/USD Forecast — January 25th 2021

Mon, 25 Jan 2021 17:25

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the January 25th session. EUR/USD — The euro rallied on Friday session, but found resistance at the 1.22 level, and formed a shooting star candlestick. So, a pullback is inevitable, and the 50-day EMA will likely be the next support. A break above the 1.22 level is very bullish and the euro could go much higher. GBP/USD — The pound has...

Bitcoin Forecast — January 25th 2021

Mon, 25 Jan 2021 11:05

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the January 25th session. BItcoin/USD — The trading session was bearish on Friday session. However, it found support above the $33,000 level. So, this is a positive sign for bitcoin. However, there exists a lot of noise above. So, this market is going to be choppy for a while. As you can see on the daily chart, you can make...

Gold Forecast — January 25th 2021

Mon, 25 Jan 2021 10:59

In this video, the Trader Guy looks at the commodity, gold for the  January 25th session. Gold/USD — Gold pulled back slightly on Friday session. However, the area below looks supportive as you have the 200-day EMA. This market is still in an uptrend. The market needs to overcome resistance at the 50-day EMA. The $1,950 level could be the next target. It looks like this market is attempting...

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Forex trading bears intrinsic risks of loss. You must understand that Forex trading, while potentially profitable, can make you lose your money. Never trade with the money that you cannot afford to lose! Trading with leverage can wipe your account even faster.

CFDs are leveraged products and as such loses may be more than the initial invested capital. Trading in CFDs carry a high level of risk thus may not be appropriate for all investors.