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

  • Marek Kucera from Czech Republic writes about AAFX Trading:

    AAFX is quite good for short-term trading - the spreads on market accounts are pretty tight, and the execution is fast and smooth. You might also trade the news, but this tactic requires a separate account with a fixed spread, in the best case. The p...

  • Aslan from Kazakstan writes about AAFX Trading:

    I opened an account with AAFX Trading for scalping. I read on forums, that it is comfortable and profitable to scalp on. Following my colleagues’ recommendation, I opened the ECN account.

    What can I say…They really allow to scalp here; I didn’t hav...

  • Breassil from Russia writes about AAFX Trading:

    I think that AAFX has profitable conditions for trading, especially for scalping. I came to trade with AAFX Trading broker because it allows scalping officially. Some of the brokers don’t like scalpers, but here all the conditions are beneficial, and...

  • Pitso Johannes Pitso from South Africa writes about Exness:

    Scam scam scam.... you can make as much profit as you want. You can never withdraw it. If yoi deposit 300USD and make 700USD you can only withdraw what you deposited amd the rest my friends forget . They will tell you stories. Yes we know now we get...

Forex Blog

Forex Brokers Update — July 21st, 2019

Sun, 21 Jul 2019 12:29

Another week has passed without new additions to the list of brokers on EarnForex.com. Quite a few brokers have been updated regarding their accepted payment systems during the period: IG's account information has been updated to reflect the current spreads and the maximum allowed leverage. bforex, FXOptimax,...

Weekly Forex Technical Analysis (Jul 22 — Jul 26, 2019)

Sat, 20 Jul 2019 9:51

EUR/USD

Floor pivot points

3rd Sup2nd Sup1st SupPivot1st Res2nd Res3rd Res
1.1101 1.1150 1.1185 1.1234 1.1269 1.1318 1.1353

Woodie's pivot points

2nd Sup1st SupPivot1st Res2nd Res
1.1146 1.1177 1.1231 1.1261
...

EUR/USD Retreats Sharply After Attempting to Rally

Thu, 18 Jul 2019 14:37

EUR/USD rose intraday but fell sharply later. The currency pair was trading in a range afterward. Philadelphia Fed manufacturing index jumped sharply from 0.3 in June to 21.8 in July. Analysts had predicted a much more modest growth to 5.0. (Event A on the chart.) Initial jobless claims were...

Forex News

Pound Ends Week Weakest amid Brexit Fears, Domestic Data Fails to Boost Currency

Pound Ends Week Weakest amid Brexit Fears, Domestic Data Fails to Boost Currency

Sat, 20 Jul 2019 21:48

The Great Britain pound ended the week as the weakest currency on the Forex market. While the sterling got some help from domestic macroeconomic data, Brexit fears continued to hurt the currency. The US dollar and the euro were also soft.

Canadian Dollar Mixed amid Opposing Fundamentals

Canadian Dollar Mixed amid Opposing Fundamentals

Fri, 19 Jul 2019 21:11

The Canadian dollar was mixed today, unsure where to go amid opposing fundamentals. While domestic macroeconomic data was very detrimental to Canada's currency, rising prices for crude oil was a supportive factor for the loonie.

USD/TRY Rises as Tensions Between USA & Turkey Flare

USD/TRY Rises as Tensions Between USA & Turkey Flare

Fri, 19 Jul 2019 17:05

The Turkish lira fell against the US dollar today after geopolitical tensions between the United States and Turkey flared.

Commodity Blog

Commodities Technical Analysis, July 22nd — July 26th

Sun, 21 Jul 2019 10:10

The technical analysis, that includes the indicator data and major pivot points for WTI Oil, Gold, Silver, Copper, and Natural Gas in continuous charts as of July 21st,...

Crude Oil Gains on Geopolitical Tensions in Middle East

Fri, 19 Jul 2019 20:11

Futures for crude oil climbed today as tensions in the Middle East grew. Yesterday, the United States reported that the US navy downed Iranian drone,...

Gold Targets Fresh Six-Year High, Poised for Strong Weekly Gain

Fri, 19 Jul 2019 14:55

Gold prices are targeting fresh six-year highs to finish off the trading week, giving the yellow metal a strong weekly gain. Driven by a dovish US...

Forex Video Zone

Do Traders Prefer to Be Long or Short?

Sun, 21 Jul 2019 10:06

Do traders prefer to be long or short? In this video, you will find answers to this question. In the forex market, there exists no directional bias for currencies, unlike the stock market. Currencies can move upwards, downwards, and sideways. It is based on the fundamentals governing the economy of the country that issued that currency. If the economy does well, then it will cause the currency to appreciate in value. If...

How to Trade Support and Resistance: Secrets Revealed!

Sun, 21 Jul 2019 10:04

In this video, you will learn how to use support and resistance in forex trading. Using support and resistance in forex trading is the most common method in technical analysis for analyzing price action. You are looking to identify potential reversal points on the chart and mark them with horizontal lines. They are correlated to supply and demand of a currency. A support level is a zone where price is prevented from...

USD/JPY and AUD/USD Forecast — July 19th 2019

Fri, 19 Jul 2019 15:50

In this video, the Trader Guy looks at the currency pairs USD/JPY and AUD/USD for the July 19th session. AUD/USD — The market was very bearish on Thursday session, as the market broke down significantly. This was due to Iranians trying to negotiate a deal with Washington. Pay attention to the US stock market. When it moves up, this pair also moves along with it. This is due to the anti-US dollar...

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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.