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

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Forex Blog

EUR/USD Falls on Wednesday

Wed, 23 Jan 2019 16:34

EUR/USD fell during Wednesday's trading. Analysts pointed at several possible reasons for the drop, including the continuing government shutdown in the United States and cancellation of trade talks between the USA and China scheduled for this week. As for macroeconomic data, the government shutdown means that there will be few reports this week. Richmond ...

Weekly Forex Technical Analysis (Jan 21 — Jan 25, 2019)

Sat, 19 Jan 2019 9:51


Floor pivot points

3rd Sup2nd Sup1st SupPivot1st Res2nd Res3rd Res
1.1179 1.1266 1.1316 1.1403 1.1452 1.1539 1.1589

Woodie's pivot points

2nd Sup1st SupPivot1st Res2nd Res
1.1257 1.1297 1.1393 1.1434

EUR/USD Declines amid Speculations About US Tariffs Rollback

Fri, 18 Jan 2019 19:20

EUR/USD declined today even as the US consumer sentiment worsened significantly this month. Yet the improving industrial production helped the dollar to gain on the euro. Another reason for the dollar's strength was the rumor that the United States are considering lifting tariffs on Chinese imports. Industrial production rose 0.3% in December...

Forex News

Chinese Yuan Rebounds From Two-Week Low As Economic Worries Fade

Chinese Yuan Rebounds From Two-Week Low As Economic Worries Fade

Wed, 23 Jan 2019 19:04

The Chinese yuan is rebounding from a two-week low as economic worries dissipate. The yuan, which was one of the weakest Asian currencies last year, is gaining on reports that the federal government does not want to see it weaken too much should it affect trade negotiations.

Canadian Dollar Declines Against US Dollar on Weak Retail Sales Data

Canadian Dollar Declines Against US Dollar on Weak Retail Sales Data

Wed, 23 Jan 2019 16:09

The Canadian dollar today dropped to new daily lows against its US counterpart following the release of weak Canadian retail sales data. The loonie had made gains against the greenback earlier today as evidenced by the USD/CAD currency pair's decline before retracing all of its gains after the release.

Yen Soft After BoJ Monetary Policy Meeting, Economic Forecast

Yen Soft After BoJ Monetary Policy Meeting, Economic Forecast

Wed, 23 Jan 2019 9:39

The Japanese yen was soft today after the Bank of Japan performed a monetary policy meeting and revised its economic projections. The losses were not particularly big, though.

Commodity Blog

Soybean Gains on Higher Chinese, EU Imports

Wed, 23 Jan 2019 17:58

Soybean futures are rising midweek as the commodity wiped out Tuesday’s losses. One day after it was reported that US-China trade talks...

Crude Drops 2%, Dragged Down by Worsening Market Sentiment

Wed, 23 Jan 2019 0:09

Futures for crude oil fell about 2% on Tuesday as the market sentiment soured. There was a range of factors that led to worsening of the traders' mood. One...

Coffee Futures Fall As Market Braces for Short-Term Slump

Tue, 22 Jan 2019 16:20

Coffee futures are trading lower on Tuesday as a barrage of reports points to one thing: a short-term slump. But this could change as the year progresses,...

Forex Video Zone

EUR/USD and GBP/USD Forecast — January 23rd 2019

Wed, 23 Jan 2019 16:57

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the January 23rd session. EUR/USD — The Tuesday session saw the market pullback a bit and found support at the trendline. A rally from here looks likely. But the markets need to overcome above this shooting star candlestick from Monday session. Then the 1.14 and 1.15 levels could also offer resistance. Also, the bulls have to overcome resistance at the 200-day EMA...

Gold Forecast — January 23rd 2019

Wed, 23 Jan 2019 16:02

In this video, the Trader Guy looks at the commodity, gold for the January 23rd session. Gold/USD — The Tuesday session saw the market pull back a bit, but found support at 1.280 level. However, Monday session lacked volatility due to Americans celebrating the Martin Luther King Day. It looks like the market is aiming to go towards the 1,300 level in the short-term. A break below the bottom of the ...

Bitcoin Forecast — January 23rd 2019

Wed, 23 Jan 2019 15:43

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the January 23rd session. Bitcoin/USD — The market was bearish on Tuesday session, but managed to find support at the 3,500 level. However, the Monday session did not help bitcoin much. The market is going through choppiness, but the bearish bias could remain for a while. So, you can sell rallies that show signs of exhaustion....