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 (as of April 2016). 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 start learning to trade by going through our free Forex course. You can also join a friendly community of traders at the Forex forum.

Latest in Forex

  • Orzi from Romania writes about Bolmax Management:

    I still cannot get used to it, and I guess I never will. Typical circumstances of bucket shop spread betting. Deposited, traded a bit unsuccessfully, lost about 10% of my deposit. Then traded profitably, when I made up for losses and took my deposit ...

  • Alvaro from Spain writes about Trade Fintech:

    I have been a user of TradeFintech for a little over a Half year now. Over the course of my tenure I have only had to call tradefintech once about a problem I had trading and the issue was resolved quickly with no additional fees.

    Pros:

    -Easy, E...

  • George Valdez from Canada writes about MXTrade:

    I have opened account in MXTrade, because I have read a lot positive reviews about their spreads, leverage, etc. What was suprise for me they have round the clok support so if I trade at night and have questions I can contact. I have traded with one ...

  • Alf from UK writes about FXTM:

    my neighbor told me about this broker. Interesting enough, knowing i can invest and earn profit for a minumum trading amount with this company, so i did! their brokers is teaching me techniques and assistin me whenever i am trading.

    i still get con...

Forex Blog

EUR/USD Fails to Rally, Dragged Down by ECB

Thu, 19 Jan 2017 16:36

EUR/USD was trying to rally during the current trading session but slid below the opening level after the European Central Bank policy meeting. The ECB did not announce any change to its extremely loose policy, and ECB President Mario Draghi said that the central bank needs...

EUR/USD Backs Off After Strong Move Up

Wed, 18 Jan 2017 22:47

EUR/USD went down today after yesterday's move up. The currency pair rushed especially fast to the downside after Janet Yellen, Federal Reserve Chair, said during today's speech that policy makers should not wait too long before raising interest rates further. (Event C...

Your 2016 Trading Results Poll

Mon, 16 Jan 2017 15:09

I still have one 2016 trade active (NZD/USD short from ascending channel), and there is a pending order carried over from 2016 (USD/CAD ascending channel). Nevertheless, it is now time to calculate my profit for the past year. The remaining position and order will count...

Forex News

US Dollar Rises on Strong Housing Starts and Jobless Claims Data

US Dollar Rises on Strong Housing Starts and Jobless Claims Data

Thu, 19 Jan 2017 22:18

The US dollar climbed higher against its major peers on Thursday as data in the United States reflected a strong picture of the economic growth. The US currency had its biggest gains today against the euro after the European Central Bank maintained its monetary stimulus.

EUR/USD Eases as the ECB Warns of Subdued Inflation and Reports a Dovish Outlook

EUR/USD Eases as the ECB Warns of Subdued Inflation and Reports a Dovish Outlook

Thu, 19 Jan 2017 17:57

The European Central Bank announced that it would be maintaining its interest rates while continuing with its bond-buying program for the rest of 2017. The ECB reported that it would be keeping its base refinancing rate unchanged at 0.0%, its marginal lending facility at 0.25%, and its deposit facility rate at -0.40%.

Canadian Dollar Weakens as the BoC Maintains Interest Rates

Canadian Dollar Weakens as the BoC Maintains Interest Rates

Wed, 18 Jan 2017 18:28

The Canadian dollar weakened against major currencies after the Bank of Canada announced that it would be maintaining its benchmark interest rate at 0.5%. The announcement triggered a rally among the loonie's major competitors as the currency lost most of the gains it had made against other currencies this year.

Commodity Blog

Platinum Futures Plunge 1.5% in Bad Day for Metals

Thu, 19 Jan 2017 18:21

Platinum futures suffered its biggest loss of the trading year. Following the pattern of other precious metals, platinum took a significant beating one day before...

US Crude Slides Under $52 on Rising Shale Production

Wed, 18 Jan 2017 18:09

Oil prices took a significant hit on Wednesday on reports that suggest there has been an increase in US shale production. US crude slipped to under...

Gold Prices Surge After Donald Trump's 'Too Strong' Remarks

Tue, 17 Jan 2017 18:09

Gold prices are surging on Tuesday after US President-Elect Donald Trump said the dollar is "too strong," sending the greenback lower. The yellow metal...

Forex Video Zone

USD/JPY and AUD/USD Forecast — January 19th 2017

Thu, 19 Jan 2017 17:14

In this video, the Trader Guy looks at the currency pairs USD/JPY and AUD/USD  the January 19th session. USD/JPY — As you can see, we did bounce a bit during the trading session on Wednesday. I think that there is a lot of support down to about 111.50. I am willing to buy, but I also recognize that we may get a better opportunity at lower levels. Either way I am not selling. The Federal ...

EUR/USD and GBP/USD Forecast — January 19th 2017

Thu, 19 Jan 2017 17:06

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the January 19th session. EUR/USD — We did fall during the session on Wednesday testing the 50-day Exponential Moving Average. We have resistance above at 1.0750. Though we bounced, it looks very likely that we may try to get a little bit higher. Having said that, if we break below the 50-day EMA,...

Oil Likely to Close Week with Losses

Thu, 19 Jan 2017 16:40

Crude Oil is trading lower today on the back of the US dollar' rally. Besides, oil prices are weighed down ahead of closely watched data on US oil inventories. Brent Crude Futures are trading today at $54.41 a barrel, down from a Wednesday's high at $55.20. Experts say Crude Oil is set to trade under pressure until the end of the week. Meanwhile, market participants are counting the hours until...