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

  • Dimitris from Cyprus writes about FxPro:

    I chose FxPro because this company provides negative balance protection. Also, they provide quite competitive spreads and quite fast order execution. This broker does not have any restrictions on automated trading.

  • Petr from Latvia writes about Forex Optimum:

    I have really bed impression after trading with this broker. Their support team is very slow and they doesn't want to help you, only give you small information about your question. Also verification process is too long and you should sent a lot of ph...

  • Ashot from Russia writes about LMFX:

    Hey here! I'm from Russia, and I want to share my expirience from trading with this broker.

    First three month from my first deposit everything were nice, I had everything I need for comfortable trading. After three month I decided to deposit 5000 $,...

  • P France from PH writes about LMFX:

    I have traded with this broker from 2016 and I had quite satisfactory trading experience with LMFX, no critical issues encountered so far. This broker has 3 main account types that, however, I recommend Premium for no commission with acceptable sprea...

Forex Blog

EUR/USD Volatile After Torrent of Economic Releases

Thu, 21 Feb 2019 18:12

EUR/USD demonstrated significant volatility today after a big number of economic reports were released both in the United States and the eurozone. The dollar and the euro were mixed as traders were trying to digest the data. Currently, the EUR/USD pair trades slightly below the opening level after attempting to rally earlier. US...

Forex Brokers Update — February 17th, 2019

Sun, 17 Feb 2019 20:28

One new broker has been added to the list of companies on during the last week: CapitalXP — an unregulated broker based in an offshore jurisdiction, it offers MT4 trading with $250 minimum account size and 1:100 maximum leverage. Updates to the existing brokers included: ...

Weekly Forex Technical Analysis (Feb 18 — Feb 22, 2019)

Sat, 16 Feb 2019 9:47


Floor pivot points

3rd Sup2nd Sup1st SupPivot1st Res2nd Res3rd Res
1.1128 1.1181 1.1236 1.1288 1.1343 1.1396 1.1451

Woodie's pivot points

2nd Sup1st SupPivot1st Res2nd Res
1.1182 1.1237 1.1289 1.1344

Forex News

US Dollar Mixed on Flood of Economic Data

US Dollar Mixed on Flood of Economic Data

Thu, 21 Feb 2019 17:57

The US dollar is mixed against a basket of major currencies on Thursday. With a flood of economic data, traders are sifting through the numbers and finding a play in the greenback. The US-China trade negotiations are also lingering in the background, something that could soon play a factor in the dollar in the coming weeks because reports suggest a new trade agreement is on the brink of happening.

Euro Trades Sideways on Mixed Eurozone PMIs and ECB Minutes

Euro Trades Sideways on Mixed Eurozone PMIs and ECB Minutes

Thu, 21 Feb 2019 17:12

The euro today traded with significant moves in both directions within a wide range as the single currency was buffeted by shifting investor sentiment throughout the session. Investors reacted both positively and negatively to various key developments during the day such as the Markit Germany Services PMI causing the EUR/USD pair to whipsaw within a wide range.

Japanese Yen Retreats After Rallying Earlier, Undisturbed by Poor Data

Japanese Yen Retreats After Rallying Earlier, Undisturbed by Poor Data

Thu, 21 Feb 2019 13:31

The Japanese yen was among the strongest currencies on the Forex market today, though the currency has retreated by now. Poor domestic macroeconomic data had a limited impact on the currency.

Commodity Blog

US Crude Falls As Domestic Inventories Rise Again

Thu, 21 Feb 2019 17:09

Crude oil futures tumbled on Thursday after the US government reported the fifth consecutive weekly increase in domestic inventories. Despite the decline towards the end of the ...

Copper Posts Sixth Straight Gain on US-China Trade Optimism

Wed, 20 Feb 2019 17:43

Copper futures will record their sixth consecutive gain midweek as investors remain optimistic that the US and China are on the cusp of striking a new trade...

Bitcoin Ready for Another Run at $4,000

Wed, 20 Feb 2019 15:08

Cryptocurrency investors saw Bitcoin prices briefly reach $4,000 yesterday. While they have retreated back below this resistance level, they remain...

Forex Video Zone

EUR/USD and GBP/USD Forecast — February 21st 2019

Thu, 21 Feb 2019 15:35

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the February 21st session. EUR/USD — The Wednesday session saw the markets to chop around a bit. The 1.1350 level is broken and could now offer some support. The market is in this consolidation zone and could grind its way higher. So, pullbacks are seen as buying opportunities. GBP/USD — The Wednesday session produced a shooting star like...

Bitcoin Forecast — February 21st 2019

Thu, 21 Feb 2019 14:57

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the February 21st session. Bitcoin/USD — Once again the bitcoin market rallied on Wednesday session. The market has got closer to 4,000. It looks like that the bitcoin market could be supported by the 50-day EMA. However, the market needs to overcome resistance at the 4,000 level. The volume is looking better now. This week saw the market to produce...

Gold Forecast — February 21st 2019

Thu, 21 Feb 2019 14:54

In this video, the Trader Guy looks at the commodity, gold for the February 21st session. Gold/USD — On Wednesday session, the market formed a shooting star at a place, where the market has formed a cluster previously. So, this is going to cause a short-term pullback. However, the 20-period EMA below could offer support. So, pullbacks are seen as buying opportunities. The statement from the Federal Reserve and the FOMC...