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

  • Samuel Bonson from Switzerland writes about Admiral Markets:

    I am a part-time trader for many years now. I have had good and bad experiences with different brokers. One thing that I hate is waiting for replies. Admiral Markets is very fast in providing support so I really appreciate that. On top, I consider th...

  • jay from philippines writes about AvaTrade:

    hi, im jay, a trader from avatrade with account numbers 21--929 and 21--744, I experienced serious application malfunction or an app crash, I lost money because the application wont allow me to log in with the specific times when my account could be ...

  • Carlos Alberto from Uruguay (current South Africa) writes about AvaTrade:

    A little after I registered to a demo avatrade account I got a call from my account manager, who explained everything to me and cleared some fears and doubts I had. After 2 weeks I upgraded to a real account, and again the same account manager called...

  • Piter from New Zealand writes about NewForex:

    On negative messages in network I dont like to be conductive because one of my favourite brokers is NewForex. I can't tell anything bad about them. There are two account types for beginners and for people who is more experienced than others, there ar...

Forex Blog

EUR/USD Goes Higher After FOMC Minutes

Wed, 24 May 2017 19:13

Today, the Federal Open Market Committee released minutes of its latest policy meeting. While the notes were relatively upbeat, hinting at a possibility of an interest rate hike in June, EUR/USD moved up, rather than down. It seems markets considered the minutes to be not as hawkish as dollar bulls...

Which Cryptocurrency Pairs Do You Trade in Forex?

Mon, 22 May 2017 14:24

My old poll about the popularity of currency pairs had rather predictable results — EUR/USD, GBP/USD, the JPY pairs are the leaders. But how about the cryptocurrency trading? Can it be considered a part of the more traditional Forex scene? Given the fact that many FX brokers now support trading ...

Weekly Forex Technical Analysis (May 22 — May 26)

Sat, 20 May 2017 9:13


Floor pivot points

3rd Sup2nd Sup1st SupPivot1st Res2nd Res3rd Res
1.0704 1.0813 1.0994 1.1103 1.1283 1.1392 1.1572

Woodie's pivot points

2nd Sup1st SupPivot1st Res2nd Res
1.0831 1.1029 1.1120 1.1319

Forex News

US Dollar Declines as FOMC Minutes Offer Dovish Interest Rates Outlook

US Dollar Declines as FOMC Minutes Offer Dovish Interest Rates Outlook

Wed, 24 May 2017 19:01

The US dollar gave up some of its earlier gains on Wednesday to decline against other major currencies following the release of the Federal Open Market Committee’s latest meeting minutes. The greenback, which had suffered against the euro in recent sessions amid political risks in the United States, returned to fall against the shared currency despite initial gains today due to the dovish outlook offered by the minutes.

Euro Declines Slightly Against US Dollar on Mario Draghi Comments

Euro Declines Slightly Against US Dollar on Mario Draghi Comments

Wed, 24 May 2017 17:03

The euro today declined slightly against the US dollar after Mario Draghi, the European Central Bank President, made dovish comments in support of the bank's quantitative easing program.

Canadian Dollar Jumps as BoC Statement Doesn't Show Dovishness

Canadian Dollar Jumps as BoC Statement Doesn't Show Dovishness

Wed, 24 May 2017 15:43

The Canadian dollar jumped following the monetary policy meeting of the Bank of Canada as the central bank's statement turned out to be not as dovish as market participants were expecting.

Commodity Blog

China's Downgrade, Falling Imports Sends Copper Futures Lower

Wed, 24 May 2017 16:35

Copper futures are trading lower midweek amid bad news coming out of China. Moody’s slapped China with a credit downgrade and new trade...

Crude Oil Meanders Ahead of OPEC Meeting

Wed, 24 May 2017 16:18

Prices for crude oil meandered today, struggling to establish a clear trend (though currently they are trading below the opening level), as traders were nervous...

Gold Futures Flat as Caution Sweeps Market After Terrorist Attack

Tue, 23 May 2017 13:53

Gold futures are trading flat on Tuesday as investors remain cautious following Monday's terrorist attack in Manchester. The yellow metal is pulling back from...

Forex Video Zone

USD/JPY and AUD/USD Forecast — May 24th 2017

Wed, 24 May 2017 14:04

In this video, the Trader Guy looks at the currency pairs USD/JPY and AUD/USD for the May 24th session. USD/JPY — The USD/JPY pair initially fell during the day on Tuesday and then rallied enough to form a very positive looking candle. It looks like we are going to continue to go higher, maybe the 112.50 or so. The 112.00 will be resistive, but it looks as if we are trying to catch up...

EUR/USD and GBP/USD Forecast — May 24th 2017

Wed, 24 May 2017 13:45

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the May 24th session. EUR/USD — As you can see, it has been a negative session during the day on Tuesday as 1.12 has offered a bit of resistance. Quite frankly, I am still bullish though. This has been a pretty impulsive move. So, a pullback makes quite a bit of sense. I think 1.10 should be massively supportive and that...

Oil Extend Gains

Wed, 24 May 2017 13:08

It is only a day left before the most important event in the oil market, the OPEC meeting. Ahead of it, investors cautiously opt for oil futures. Today, Brent Crude Oil is trading at $54.35 a barrel. Analysts note that market participants are largely optimistic about the meeting results. According to reliable sources, almost all OPEC countries and non-OPEC oil producers are ready to extend the deal to cut...