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

Forex Blog

EUR/USD Reverses Losses, Boosted by Weak Manufacturing Index

Thu, 21 Jun 2018 14:49

EUR/USD was falling during the current trading session but managed to reverse its losses. The rebound gained momentum after the Philadelphia Fed reported that its manufacturing index fell this month much more than was expected. The US leading indicators also provided an unpleasant surprise, and unemployment claims...

EUR/USD Recovers After Diving Intraday

Wed, 20 Jun 2018 15:48

EUR/USD fell intraday during the current trading session but managed to bounce by now. The currency pair was under influence of various factors, including US tariffs and planned retaliation to them from the European Union, the speech of European Central Bank President Mario Draghi, and the positive surprise from the German ...

E-Book Review: Locked-in Range Analysis

Tue, 19 Jun 2018 15:06

Locked-in Range Analysis: Why most traders must lose money in the futures market (Forex) is the name of the e-book by Tom Leksey. It teaches the Locked-in Range Analysis (LRA) method developed by the author. The book is available for free download in two languages — English and Russian. The e-book was...

Forex News

Canadian Dollar Declines on Weak Retail Sales and CPI Data

Canadian Dollar Declines on Weak Retail Sales and CPI Data

Fri, 22 Jun 2018 15:16

The Canadian dollar today dropped drastically against the US dollar following the release of the latest Canadian Consumer Price Index data, which missed expectations by a huge margin.

Yen in Red, Ignoring Positive Data

Yen in Red, Ignoring Positive Data

Fri, 22 Jun 2018 13:52

The Japanese yen was in red against basically all other most-traded currencies today despite relatively positive domestic macroeconomic data. Some market analysts explained the weakness by rising global bond yields.

Euro Rallies Higher on Greece Bailout Deal and Upbeat Eurozone PMIs

Euro Rallies Higher on Greece Bailout Deal and Upbeat Eurozone PMIs

Fri, 22 Jun 2018 10:44

The euro today rallied higher against the US dollar after finance ministers from across the Eurozone reached an agreement regarding Greece's final bailout. The euro's rally was further complemented by the release of positive PMI data from across the Eurozone by IHS Markit and in-line French GDP data.

Commodity Blog

Gold Hovers Around 2018 Lows As Investors See Downside

Fri, 22 Jun 2018 14:49

Gold futures are trying to muster up a rally to end the trading week, but they are still hovering around their lowest levels seen...

Prices for Brent Crude Fall amid OPEC Production Increase Speculations

Thu, 21 Jun 2018 19:39

Futures for Brent crude oil declined today amid speculations that the Organization of Petroleum Exporting Countries and its allies will increase production. West...

Gold Slips Despite Weaker Dollar

Thu, 21 Jun 2018 19:19

Gold prices have slipped further today, holding at six-month low prices. Despite a stock market and dollar index dip, which would...

Forex Video Zone

Oil Prices Consolidate Ahead of OPEC Meeting

Fri, 22 Jun 2018 15:27

At the end of this trading week, oil prices paused a decline. The attention of traders is absorbed by the upcoming results of the OPEC meeting in Vienna. The Brent Crude Benchmark has rebounded from the local low at $73 per barrel and added about 1%. Market participants hope that today oil producers will refrain from taking a hasty decision to get back to the previous output levels. Additional support to oil prices is...

Forex Trading Strategies — Trade Idea — Double Bottom — Part One

Fri, 22 Jun 2018 15:12

In this video, we are going to discuss how to trade the double bottom pattern. So, there are two things that you need to bear in mind when you trade this pattern.

  1. It needs to appear at the bottom of a downtrend.
  2. Because this is a reversal pattern, you are looking to trade this pattern in the upward direction.
Looking at the EUR/USD daily chart, we have a downtrend here. As you can see,...

Bitcoin Forecast — June 22nd 2018

Fri, 22 Jun 2018 14:34

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the June 22nd session. Bitcoin/USD — As you can see, bitcoin has done nothing against the US dollar during the session on Thursday. We had three days in a row, very little in the way of movement. It looks like the 7,000 continues to cause a lot of concern. If we can break above there, we could go to 7,750. At this...