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


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

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.

Euro Heads to End Friday Strongest

Euro Heads to End Friday Strongest

Fri, 22 Jan 2021 19:34

The euro was heading to end Friday as the strongest currency on the Forex market despite the worsening market sentiment. The currency ignored the PMI data from Markit, which showed slowing growth of the manufacturing industry and accelerating decline of the services industry.

Commodity Blog

Gold & Silver Falls, Crude Oil Gains as Week Starts with Optimism

Mon, 25 Jan 2021 7:42

The week started with risk-on market sentiment. The Asian stocks demonstrated a broad-based rally during the Asian trading session on Monday, putting investors in a positive...

Video: Weekly Commodity Forecast – Gold, Silver, Platinum for January 25-29, 2021

Mon, 25 Jan 2021 4:46

In the present video, Phil Carr from The Gold and Silver Club provides his forecast for gold, silver, and platinum for the week of January 25–29, 2021. He starts...

Will Institutions Continue to Pull the Weight for Bitcoin Price Rally?

Sun, 24 Jan 2021 18:02

  • The range-bound of Bitcoin's price rally has left many traders waiting for another dip. While there have been swift recoveries

Forex Video Zone

Forex Trading — Candlestick Charts

Sun, 24 Jan 2021 18:11

In this video, you will look at the basics of candlestick charts. The Japanese used candlesticks for analysis in rice trading in the 17th century. In 1960, it was commercially introduced to the world by Steve Nison. It is similar to bar chart, but with much more visual representation of sentiments. You can use them in conjunction with other technical indicators. Candlestick charts show open, high, low,...

What Is the Overall Difference Between Trading Stocks and Forex?

Sun, 24 Jan 2021 13:45

The stock market is a centralized market. However, the forex market does not have one central exchange. So, there is no perfect way to measure the volume traded in the forex market. The volume obtained from brokers represents the data stream of those brokers. However, it does not represent the total volume worldwide. In the forex market, you can profit from both rising and falling market. If you...

Why Is It Important to Have Technical Indicators in Our Toolbox?

Sun, 24 Jan 2021 13:45

Traders use technical indicators to predict future price by looking at past price patterns. They are used for analyzing short-term price movements and do not take fundamentals into consideration. Technical indicators help you to identify existing trend and reversals Using too many indicators may cause confusion. Some indicators are suitable for trending market. While some indicators work best in ranging conditions. Indicators are derived...

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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.