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

Forex Blog

EUR/USD Recovers After Diving Intraday

Wed, 20 Jun 2018 15:48

EUR/USD fell intraday during the current trading session but managed to bounce by now. The currency pair was under influence of various factors, including US tariffs and planned retaliation to them from the European Union, the speech of European Central Bank President Mario Draghi, and the positive surprise from the German ...

E-Book Review: Locked-in Range Analysis

Tue, 19 Jun 2018 15:06

Locked-in Range Analysis: Why most traders must lose money in the futures market (Forex) is the name of the e-book by Tom Leksey. It teaches the Locked-in Range Analysis (LRA) method developed by the author. The book is available for free download in two languages — English and Russian. The e-book was...

Interview with Alex Melkumyants from AMarkets

Mon, 18 Jun 2018 15:06

AMarkets (known as AForex before 2015) is one of the oldest "classic" MetaTrader brokers. By combining high leverage, low starting minimum, great variety of trading instruments, and multiple electronic deposit/withdraw methods, such brokers were aplenty in late 2000's. Few have survived to our time though. AMarkets demonstrated the ability...

Forex News

Great Britain Pound Strong Ahead of Thursday's Policy Decision

Great Britain Pound Strong Ahead of Thursday's Policy Decision

Wed, 20 Jun 2018 14:48

The Great Britain pound rose against its major rivals today ahead of tomorrow's monetary policy decision. Today's domestic macroeconomic data was positive to the currency.

Australian Dollar Attempts to Rally, Loses Gains Later

Australian Dollar Attempts to Rally, Loses Gains Later

Wed, 20 Jun 2018 13:58

The Australian dollar attempted to rally today as markets were digesting the news about escalation of the trade war between the United States and China. By now, though, the currency has lost most of its gains and is trading near the opening level.

Euro Trades Lower Against US Dollar on Jawboning by ECB Members

Euro Trades Lower Against US Dollar on Jawboning by ECB Members

Wed, 20 Jun 2018 13:00

The euro today traded slightly lower against the US dollar following comments by some members of the European Central Bank's governing council. The dovish comments by Ewald Nowotny and Villeroy triggered a knee-jerk reaction by the EUR/USD currency pair, which headed lower.

Commodity Blog

Soybean Futures Add to Losses, Plunge to Nine-Year Low

Wed, 20 Jun 2018 15:55

Soybean futures are adding to their losses midweek, plunging to their lowest levels in nine years. With tit-for-tat tariffs likely to become the norm between...

Oil Edges Higher As Market Waits for EIA Report

Wed, 20 Jun 2018 13:31

Oil prices have had a tumultuous week, making gains and losses in roughly equal measure. Following yesterday's losses, the commodity has seen slight...

Oil Prices Slip on OPEC and Tariff Threats

Tue, 19 Jun 2018 19:28

Oil prices slipped back a little on Tuesday, as an OPEC report has found that the oil market remains strong and could potentially cope with...

Forex Video Zone

Cyber Attacks Limit Rise in Cryptocurrencies

Wed, 20 Jun 2018 14:50

The cryptocurrencies started this trading week in positive mood, demonstrating gradual increases. Today, bitcoin is trading slightly below the level of $6,600. Remarkably, a rise in quotes of virtual money was boosted by comments of the Chief Executive Officer of a big Swiss financial holding. He supported the blockchain technology. Sergio Ermotti said that this technology, can make businesses more effective. However, a rise in bitcoin quotes is...

Forex Trading — How to Use Support and Resistance Level

Wed, 20 Jun 2018 14:26

By definition, a support line is a horizontal line that reverses the current downtrend back in an upward direction. Looking at the chart, we have this downtrend. What you can see here in this cluster of candles, the downtrend fails to continue downwards. Instead, it bounces back up in an upward direction. So, if we take a horizontal line and join the lows of these candles, this line has not been...

Bitcoin Forecast — June 20th 2018

Wed, 20 Jun 2018 13:59

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the June 20th session. Bitcoin/USD — Bitcoin did rally a bit during the day against the US dollar, but it has formed a shooting star at basically 6,800, offring a lot of resistance. So, I think at this point, we are probably looking for a rollover and a return to this consolidation basically between the 6,000 and 7,000 dollars. A break down below...