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

  • Ray Bill from Croatia writes about Coinexx:

    After analyzing and testing them for a year and a half all I can say is, they are what all other traders are claiming them to be- the Best Broker to choose for trading today. Mostly all the brokers I have traded with have created drama in one way or ...

  • Vives Shan from Hong Kong writes about AAFX Trading:

    I started trading with AAFX when I came to the US for my higher education. Before I was trading with another broker, but that company is not eligible to provide their services on the US territory. As I opened my account back at home, I could try trad...

  • Scott from Ireland writes about Turnkey Forex:

    I just have one word from my trading experience with Turnkey Forex- Brilliant.

    The broker is par amazing, spreads are tight, order execution speed is good and the support team is very helpful and patient with my queries.

    Great broker!

  • lois webb from United States writes about Profiforex:

    I opened a account with this broker on 3/1/2019. Wired funds in bitcoin cash. when I ran a EA on the account it would take trades but some times would not set take profit contacted support no response. 6/16/2019 I transferred the funds from my US Do...

Forex Blog

Weekly Forex Technical Analysis (Jun 24 — Jun 28, 2019)

Sat, 22 Jun 2019 9:50

EUR/USD

Floor pivot points

3rd Sup2nd Sup1st SupPivot1st Res2nd Res3rd Res
1.1045 1.1113 1.1241 1.1309 1.1438 1.1506 1.1634

Woodie's pivot points

2nd Sup1st SupPivot1st Res2nd Res
1.1128 1.1272 1.1325 1.1468
...

EUR/USD Rallies on Markit PMIs

Fri, 21 Jun 2019 15:31

EUR/USD rallied today, rising for the third consecutive trading session. While the dovishness of the Federal Reserve continued to support the currency pair, PMIs released by Markit today were also helping. Most indicators for the eurozone exceeded expectations, while the US indicators missed forecasts. The better-than-expected US housing data halted...

EUR/USD Extends Rally on Dovish Fed, Poor US Data

Thu, 20 Jun 2019 14:43

EUR/USD extended yesterday's rally today as the US dollar remained extremely weak due to unexpectedly strong dovishness of the Federal Reserve. US macroeconomic data was not helping the greenback either as almost all indicators released today failed to meet expectations. Philadelphia Fed manufacturing index dropped from 16.6 in May...

Forex News

Japanese Yen Strengthens on Leading Economic Index, Easing Signals

Japanese Yen Strengthens on Leading Economic Index, Easing Signals

Tue, 25 Jun 2019 14:41

The Japanese yen is strengthening on Tuesday after new economic indexes climbed in April. This comes soon after the central bank signaled that it is willing to ease monetary policy if the economy warrants stimulus.

NZ Dollar Rallies as Exports Reach Record Levels

NZ Dollar Rallies as Exports Reach Record Levels

Tue, 25 Jun 2019 13:16

The New Zealand dollar rallied against other most-traded currencies today after nation's trade data showed extremely positive results.

Swiss Franc Extends Last Week’s Rally Against the US Dollar

Swiss Franc Extends Last Week’s Rally Against the US Dollar

Mon, 24 Jun 2019 17:12

The Swiss franc today extended last week's rally against the US dollar as a cautious mood in the European stock markets drove investors to the safe-haven currency. The USD/CHF currency pair also benefitted from the greenback's slump following the dovish FOMC rate decision on Wednesday as the Fed hinted at future rate cuts.

Commodity Blog

Soybean Jumps As Crop Planting Expected to Be Higher

Tue, 25 Jun 2019 13:02

Soybean futures climbed higher on Tuesday as a major weather service predicted a substantial jump in soybean planting this week. This comes as US soybean export...

Crude Oil Loses Gains on Supply Concerns

Mon, 24 Jun 2019 16:07

Crude oil rallied earlier today, bolstered by the conflict between the United States and Iran. Yet by now, the commodity has lost its gains, trading...

Gold Extends Rally to Six-Year High on Economic ‘Uncertainties’, Geopolitical Tensions

Mon, 24 Jun 2019 13:35

Gold futures are extending their rally to kick off the fresh trading week, driven by a diverse array of economic “uncertainties” and geopolitical tensions in the Middle East...

Forex Video Zone

Bitcoin Forecast — June 25th 2019

Tue, 25 Jun 2019 7:50

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the June 25th session. Bitcoin/USD — The Monday session was very strongly bullish for bitcoin, as it is now trading above the $11,000 level. This is seen as an important move, as the market has broken above the $10,000 level, which is psychologically important level as resistance. To the upside, the target is $12,000. The market has been parabolic and looks very...

Gold Forecast — June 25th 2019

Tue, 25 Jun 2019 7:43

In this video, the Trader Guy looks at the commodity, gold for the June 25th session. Gold/USD — The market is now trading above the $1,400 level. The market opened on Monday session gapping higher. Do not expect to sell this market. But look for pullbacks and utilize them as buying opportunities. The dovish FOMC statement by the Fed from last week has weakened the greenback and strengthened gold. So, this...

Daily Market News — June 25th 2019

Tue, 25 Jun 2019 7:29

In commodities, gold is looking bullish. Also, the safe haven currencies such as the yen and the franc are looking strong. The greenback remains bearish, caused by the dovish FOMC statement by the Fed from last week. The EUR/USD pair is looking bullish at the moment and has made a new 3-month highs. The resistance levels are 1.1477, 1.1540, and 1.1572. The support levels are 1.1375, 1.1312, and 1.1271. The USD/JPY pair is...