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

  • Sergei Solovev from Russia writes about Alpari:

    I would like to draw attention to the false information provided by Alpari in this review. You could verify quotes I used by using the official answer from the company just below.

    1. "The Company is registered in the territory of a foreign countr...

  • Pranay Warrior from India writes about AAFX Trading:

    To tell the truth, I first was not sure about AAFX, because their offer seemed to be too good to be true. I mean they have nice spreads indeed, but combined with strong leverage, $100 minimum deposit and no swaps and commissions - its a great deal! I...

  • Ishat Biswas from India writes about AAFX Trading:

    Tight spreads, low entry threshold ($100 only), max leverage available at first request - these are all nice things indeed and this is what I liked about AAFX brokerage when I started trading with it. However, my trading techniques still need being m...

  • Steve Day from United Kingdom writes about EagleFX:

    I have been with EagleFX about 3 months now and have been impressed so far. The sign up process was straightforward and I found the website user friendly. I use this broker for both Forex and Crypto trading.

Forex Blog

Color Market Profile Based on Bullish/Bearish Bars

Fri, 18 Oct 2019 17:15

Our Market Profile indicator has received another major update today — version 1.13 implements the following changes: Market Profile blocks (TPO's) can now be colored according to whether the original bar is bullish or bearish in contrast to the bar being older or newer. This might be useful to quickly...

EUR/USD Extends Gains on Disappointing US Data

Thu, 17 Oct 2019 16:28

EUR/USD continued to rise today as the majority of macroeconomic reports released in the United States over the trading session were disappointing, missing expectations. Philadelphia Fed manufacturing index dropped from 12.0 to 5.6 in October, below the forecast level of 7.3. (Event A on the chart.) Housing starts and building permits decreased in September....

EUR/USD Rallies After Disappointing US Retail Sales

Wed, 16 Oct 2019 22:03

EUR/USD rallied today after US retail sales fell unexpectedly last month, driving the US dollar down. Meanwhile, a positive inflation print boosted the euro. Retail sales fell 0.3% in September instead of rising at the same rate as analysts had predicted. The August increase got a positive revision...

Forex News

Euro Rallies to New 2-Month Highs as Dollar Falls to 2-Month Lows

Euro Rallies to New 2-Month Highs as Dollar Falls to 2-Month Lows

Fri, 18 Oct 2019 16:47

The euro today rallied to new 2-month highs as the US dollar extended its losses by falling to fresh 2-month lows amid a risk-on market environment. The EUR/USD currency pair rallied to its daily highs in the American session amid multiple speeches from Fed speakers.

Chinese Yuan Weakens As Economy Expands at Slowest Pace in 30 Years

Chinese Yuan Weakens As Economy Expands at Slowest Pace in 30 Years

Fri, 18 Oct 2019 12:05

The Chinese yuan is weakening against most major currency rivals at the end of the trading week after Beijing reported that the world’s second-largest economy expanded at the slowest pace in 30 years. While the third-quarter report was dominated by the gross domestic product (GDP), there were a couple of positive indicators that still offered hope for investors, especially as US and China trade relations are stuck at a standstill.

USD/JPY Reached 108.89, a Level Destined to Be Surpassed

USD/JPY Reached 108.89, a Level Destined to Be Surpassed

Fri, 18 Oct 2019 7:51

The US dollar versus the Japanese yen currency pair rallied strongly and reached the 108.89 level, from where profit booking began.

Commodity Blog

Orange Juice Poised for Strong Weekly Gain

Fri, 18 Oct 2019 12:41

Orange juice futures are slipping to end the trading week, but prices are on track to record a commendable weekly gain. In addition to investors betting on a bearish...

Natural Gas Rises 1% As Weekly Supply Build Falls Short of Forecast

Thu, 17 Oct 2019 16:14

Natural gas futures rallied as much as 1% on Thursday after the US government reported that weekly inventories rose less than what the market had...

Copper Slides on Chilean Miner Averting Strike, Peru’s 100-Year Mine

Wed, 16 Oct 2019 18:39

Copper futures are tumbling midweek after a Chilean miner averted a labor strike that would have led to a production stoppage. Prices also took...

Forex Video Zone

How to Draw Forex Support and Resistance Levels

Fri, 18 Oct 2019 14:22

In this video, you will learn about how to draw support and resistance levels in forex trading. Support and resistance levels form the basis of analyzing price action on a chart. You can use the horizontal rule tool on your MetaTrader platform to mark the support and resistance levels on your chart. For example, look at this chart. The price has been in an uptrend. The price is making higher highs and higher lows. At some point, it...

USD/JPY and AUD/USD Forecast — October 18th 2019

Fri, 18 Oct 2019 13:29

In this video, the Trader Guy looks at the currency pairs USD/JPY and AUD/USD for the October 18th session. USD/JPY — At the moment, this pair is seeing a sideways price action. The direction is unclear and is trading just above the 200-day EMA. This pair is correlated with the S&P 500 index. To the downside, the 107.00 level is the target. A break above the recent highs, then the 110.00 level...

EUR/USD and GBP/USD Forecast — October 18th 2019

Fri, 18 Oct 2019 13:28

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the October 18th session. EUR/USD — The Thursday session was bullish for euro as it rose strongly. It looks like the 1.12 level could be targeted to the upside. However, the 200-day EMA could offer strong resistance as the market has been trading in a large downtrend. So, on signs of exhaustion, you can sell rallies. GBP/USD —...

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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.