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

  • Maximilian from Romania writes about AAATrade:

    I have traded with many brokers but I stick with aaatrade because they are solid and they know their business very very well. they are a truly professional broker and we had a good relationship long time now

  • Alano Manuel from Brazil writes about GAINSY:

    I am not quite a skillful trader, though I tried trading with some brokers, including gainsy. But I prefer to invest money to some promising accounts. If we take trading conditions I can admit that execution here is very good in comparison to other o...

  • Sandra L. from Australia writes about Coinexx:

    Let me start this review by mentioning the most striking quality of Coinexx- its withdrawals! Just a few weeks back I took out $2,000 and it was carried out most expeditiously in less than 36 hours. This is the sort of broker I would want to suggest ...

  • Fred from Manchester writes about Markets Cube:

    Hello! I wanted to say that everyone must pay attention to the name of the broker, because there is a broker, called Market Cube, and is often confused with Markets Cube. I actually once made a mistake and started trading with Market Cube, who turned...

Forex Blog

EUR/USD Backs Off After US-China Trade Tensions Escalate

Tue, 18 Sep 2018 20:34

EUR/USD attempted to rally today but failed as trade tensions between the United State and China escalated. Macroeconomic data had little impact on the currency pair as there were very few reports released at the start of the week. Net foreign purchases were at $74.8 billion in July. That is...

AUD/NZD in Ascending Channel Since February

Sun, 16 Sep 2018 16:54

I have last traded an ascending channel pattern back in June of 2017 and it was a major success. The formation on the AUD/NZD daily chart looks solid enough to warrant a new trade setup. The yellow lines on the chart screenshot below mark the channel itself. The cyan line shows the position of my entry...

GBP/CHF Is Ready to Switch to Uptrend with Help of Bullish Pennant

Sun, 16 Sep 2018 16:33

The daily chart of the GBP/CHF currency pair is showing a classic version of a well-formed bullish pennant pattern. It appears exactly at the bottom (as of now) of a major downtrend, which lasts since mid-April. Luckily, a pennant can be traded irrespective of the preceding trend. On the image below, you can see the pattern...

Forex News

NZ Dollar Rallies on Positive Sentiment, Dismisses Underwhelming Data

NZ Dollar Rallies on Positive Sentiment, Dismisses Underwhelming Data

Wed, 19 Sep 2018 8:00

Macroeconomic data released in New Zealand today was unfavorable to the New Zealand dollar. Yet the currency managed to rise nonetheless, likely boosted by the same positive sentiment that helped its Australian counterpart.

Positive Market Sentiment Allows Aussie to Ignore Economic Data

Positive Market Sentiment Allows Aussie to Ignore Economic Data

Wed, 19 Sep 2018 8:00

The Australian dollar rallied today despite lackluster macroeconomic data. The currency got support from the positive market sentiment that ignored the latest developments in the US-China trade war.

No Demand for Safe Haven, Yen Retreats Ahead of BoJ Meeting

No Demand for Safe Haven, Yen Retreats Ahead of BoJ Meeting

Tue, 18 Sep 2018 18:43

The Japanese yen was weak today ahead of tomorrow's policy meeting as markets largely ignored escalating trade tensions between the United States and China, lowering demand for the currency as a safe haven.

Commodity Blog

Copper Futures Surge 3% As Investors Shrug Off New Tariffs

Tue, 18 Sep 2018 16:03

Copper futures surged as much as 3% on Tuesday as investors shrugged off the latest developments in the US-China trade war. The industrial metal has fallen sharply...

Gold Rallies on Slumping US Dollar, Equities

Mon, 17 Sep 2018 16:07

Gold futures are rallying to start the trading week, buoyed by a slumping US dollar and sliding stocks. The yellow metal, which was flat last week,...

Commodities Technical Analysis, September 17th — September 21st

Sun, 16 Sep 2018 10:15

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 September 16th,...

Forex Video Zone

Support and Resistance — Price Levels — Forex Trading

Tue, 18 Sep 2018 14:51

Support and resistance are price levels where the market tends to stop, pause, start a new trend, or possibly reverse. Looking at this chart, you can easily identify those support and resistance levels. You can notice that those support or resistance levels formed at the highs and lows formed using the lows of day, week, or a month tend to be stronger, than from less intervals. When a support level breaks, it...

Four Types of Indicators Forex Traders Should Know

Tue, 18 Sep 2018 14:15

In this video, you will learn about 4 types of indicators that you can use in forex trading.

  1. Trend following tool: This tool signals an entry to buy or sell and then follow that trend to maximize profits. Trade with the trend as trend is your best friend. The key is to identify the direction of the trend. Hence, moving average indicator is the tool for identifying trends in smaller and higher timeframes. An example
...

Daily Market Roundup — September 18th 2018

Tue, 18 Sep 2018 13:34

Yesterday was the day for the British pound and the euro to make gains. However, the stock market in the US ended the trading session in negative. The EUR/USD pair broke the resistance level at 1.1668 which is a good news for bulls. The resistance levels are 1.1732, 1.1759, and 1.1875. The support levels are 1.1668, 1.1609, and 1.1566. There exists significant resistance at 112.50 for the USD/JPY pair. The resistance levels are 112.15, 112.57, and 113.13. The support levels are...