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

  • Dai Duong from Ho Chi Minh writes about LMFX:

    I started trading with LMFX from end of 2016, I did try demo for 1-2 months before trading live. I noticed this broker through a promotion on my forex forums with Phone bonus that was very easy to acquire. Starting from Feb this year, I decided to de...

  • Teodor from Portugal writes about Trade12:

    I also would like to share my opinion of Trade12.

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  • Nasrin Sultana from Bangladesh writes about Fort Financial Services:

    Fort financial services is an excellent forex broker who is offering a usd 5 no deposit bonus. You can register and get the bonus after your account is verified. Verification is also easy and fast. Then you can withdraw maximum of usd 50 after tradin...

  • Gary from London writes about PaxForex:

    Dear Spasoje Kulasevic,

    We are sorry to hear about your lost.

    We appreciate all fair and trustworthy feedbacks about our trading services.

    We have checked your account history of July 5th,2017 and found Gold Sell positions which were held for ...

Forex Blog

EUR/USD Dips on Prospects for Hawkish Fed Chair

Tue, 17 Oct 2017 20:15

EUR/USD dipped today amid speculations that a new Federal Reserve chief may be a hawk. Market participants consider a December interest rate hike almost a guarantee and think that another rate increase is possible in the first half of 2018. All that is bullish for the dollar, and the set of decent economic...

EUR/USD Little Changed as Euro & Dollar Struggle to Find Direction

Mon, 16 Oct 2017 19:41

EUR/USD moved lower today, but the drop was meager as neither the euro nor the dollar showed clear direction during the Monday's trading session. The greenback continued to suffer from the Friday's underwhelming inflation report, while the euro had troubles attracting traders due to uncertainty regarding the outlook for monetary policy of the ...

Mix of Symmetrical and Ascending Triangle on Daily Chart of GBP/NZD

Sun, 15 Oct 2017 16:32

After this August's failed symmetrical triangle pattern, GBP/NZD is consolidating in a fusion of ascending and symmetrical triangles. However, now it points towards an uptrend continuation following a bullish breakout from the previous symmetrical triangle. On the image below, the pattern itself is marked using the yellow lines. The cyan line...

Forex News

USD Stable, Gains vs. European Currencies amid Next Fed Chief Speculations

USD Stable, Gains vs. European Currencies amid Next Fed Chief Speculations

Tue, 17 Oct 2017 18:16

The US dollar was stable today against its most-traded rivals but gained on the European currencies, including the euro and the Great Britain pound. The greenback got support from rumors that the next leader of the Federal Reserve may be a hawk.

Canadian Dollar Falls as Uncertainty About Trade Relations Grows

Canadian Dollar Falls as Uncertainty About Trade Relations Grows

Tue, 17 Oct 2017 16:01

The Canadian dollar fell against its US counterpart on Tuesday as investors grew more uncertain about the future of the North American Free Trade Agreement. Lower expectations of an interest rate hike in Canada and positive economic data in the United States widened the gap between the loonie and the greenback today.

Euro Declines Against US Dollar on Positive US Import Data

Euro Declines Against US Dollar on Positive US Import Data

Tue, 17 Oct 2017 15:02

The euro today declined against the extremely strong US dollar after the release of positive US data relating to import prices. This was the fourth consecutive bearish session, which was accelerated by disappointing German ZEW survey data, released early in the European session.

Commodity Blog

Crude Oil Rallies After Supply Data Shows Big Drawdown from

Tue, 17 Oct 2017 21:16

Crude oil rallied on reports of a big drawdown from US inventories. The American Petroleum Institute reported that US stockpiles of crude shrank by as much...

Gold & Silver Down on Stronger Dollar, Platinum & Palladium Avoid Losses

Tue, 17 Oct 2017 19:55

Gold and silver dropped today as the US dollar gained, pushing back commodities priced in the US currency. Copper followed suit. Surprisingly enough, platinum and palladium...

Copper Futures Retreat from 3-Year High as Greenback Soars

Tue, 17 Oct 2017 16:47

Copper prices are retreating from their highest levels in three years as the US dollar strengthens. The industrial metal has been climbing well above...

Forex Video Zone

WTI Crude Oil and Natural Gas Forecast — October 17th 2017

Tue, 17 Oct 2017 15:40

In this video, the Trader Guy looks at commodities Crude Oil and Natural Gas for the October 17th session. WTI Crude Oil — As you can see, we did rally pretty significantly, but we have not made a fresh new high. The $52.50 continues to be a problem. By giving back quite a bit of the gains, I think we are probably going to drop from here. This was due to the Iraqi army...

Strong Inflation Data Fail to Boost Sterling’s Rise

Tue, 17 Oct 2017 15:33

It is not a good day for bulls who trade the GBP/USD pair. The British currency loses ground against its American counterpart despite the strong inflation report from the United Kingdom. The UK's inflation rate hit the highset level in 5 and half years in September in annual terms. The consumer prices grew by 3% as expected. This is an obvious sign that it is the right time for the British central bank to take...

EUR/USD Takes Nosedive

Tue, 17 Oct 2017 14:26

Today, the American dollar moved quite unpredictably. After forecasts of an unlikely sharp rise of the US dollar, buyers of the greenback, on the contrary, increased the number of deals. Now, the EUR/USD pair is moving down to a week low, trading near 1.1750. There are a number of reasons for the downward trend of the pair. First of all, it is time to pay attention to the eurozone inflation rate. According to final estimates from Eurostat, consumer prices rose...