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

Forex Blog

EUR/USD Formed Symmetrical Triangle on Daily Chart

Sun, 22 Jul 2018 14:52

The consolidation phase, which the EUR/USD currency pair has entered following a rapid downtrend in April, lasts for quite a long time now. Its apparent symmetrical triangle form promises an interesting opportunity for shorting EUR/USD once the downside breakout occurs. You can see the sides of the triangle marked with the yellow ...

Forex Brokers Update — July 22nd, 2018

Sun, 22 Jul 2018 11:19

No new brokers have been added during the last two weeks. Here is the list of updates to the list of Forex brokers that happened during the period: FXGlory is no longer regulated in Georgia. The company closed its offices there and in Bulgaria, but opened offices in Cyprus, the United Kingdom, the United...

Weekly Forex Technical Analysis (Jul 23 — Jul 27)

Sat, 21 Jul 2018 9:52


Floor pivot points

3rd Sup2nd Sup1st SupPivot1st Res2nd Res3rd Res
1.1446 1.1510 1.1616 1.1680 1.1785 1.1850 1.1955

Woodie's pivot points

2nd Sup1st SupPivot1st Res2nd Res
1.1520 1.1636 1.1690 1.1806

Forex News

Canadian Dollar Rallies Higher on Upbeat Retail Sales and CPI Data

Canadian Dollar Rallies Higher on Upbeat Retail Sales and CPI Data

Fri, 20 Jul 2018 14:52

The Canadian dollar today rallied higher against its US counterpart following the release of upbeat retail sales and inflation data in the early American session. This drove the USD/CAD currency pair to new lows as investors sold the US dollar and bought the loonie based on the strong economic releases.

EUR/USD Trades Sideways on Italian Political Concerns

EUR/USD Trades Sideways on Italian Political Concerns

Fri, 20 Jul 2018 12:15

The EUR/USD currency pair today traded sideways following the resurgence of Italian political risks due to tensions within the coalition government. The currency pair's losses were largely limited by the weaker US dollar following President Donald Trump's dovish comments yesterday.

Switzerland ‘Can Live With’ Franc Being Overvalued Against the Euro

Switzerland ‘Can Live With’ Franc Being Overvalued Against the Euro

Thu, 19 Jul 2018 15:55

The Swiss franc is overvalued compared to the euro, but the nation and its businesses “can live with” the current exchange rate, says Ueli Maurer, Switzerland’s Finance Minister. The Swiss franc, which has gained more than 5% against the euro over the last 12 months, is dipping on Thursday after his remarks.

Commodity Blog

Commodities Technical Analysis, July 23rd — July 27th

Sun, 22 Jul 2018 10:17

The technical analysis, that includes the indicators’ data and major pivot points for WTI Oil, Gold, Silver, Copper, and Natural Gas in continous charts as of July 22nd,...

Natural Gas Tries to Find Direction After Smaller-Than-Expected Jump in Supplies

Thu, 19 Jul 2018 15:08

Natural gas futures are trying to find direction on Thursday after the US government reported a smaller-than-expected increase in domestic stockpiles. Natural gas prices...

Soybeans Trying to Rebound From 2018 Lows on USDA Crop Ratings

Wed, 18 Jul 2018 15:11

Soybean futures are trading lower for the first time this week as the agricultural commodity tries to continue its rebound from its 2018 lows. Soybean...

Forex Video Zone

Slippage in Forex Trading — Explained

Sun, 22 Jul 2018 14:42

Amy Anderson in this video, explains to us, about slippage in forex trading. Slippage is the difference between the expected filled price of the trader and the actual price filled. In the forex market, this may be caused by an ineffective broker, increased liquidity, and fast markets. Although the forex markets is very liquid and because of this, there are limited amounts of slippage. Slippage often occurs when volatility (perhaps due to market events)...

Why Trade Forex: Top 4 Benefits of Forex trading

Sun, 22 Jul 2018 13:49

Forex market is a place where currencies such as euro, the Japanese yen, and the Australian dollar are being traded. So, what is forex? Before we understand what is currency trading, which refers to the usage of a national currency in exchange of currency of another country. The size of the exchange will be in the coordinates with an exchange rate between two currencies. For example, Francis weants to travel to Europe. Let's say that the exchange...

Bitcoin Forecast — July 20th 2018

Fri, 20 Jul 2018 15:16

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the June 20th session. Bitcoin/USD — As you can see, the bitcoin has done very little during the day forming a shooting star on Wednesday. Thursday has been pretty flat and that is because we have a ton of supply right here at 7,600. I think at this point, we are probably looking at a market that is ready...