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

  • Jens Van Dyke from Netherlands writes about Land-FX:

    While Land-Fx's market research is awsome, I wonder why don't they offer any webinars? If they do, I will be the first to sign up for it.

  • Rupinder from Australia writes about FreshForex:

    Versatility is the only one word to describe this broker. They have many options to make a deposit and withdrawal, options to trade with their platforms both on pc and mobile devices and also fast and responsive chat support which is still rare to fi...

  • Carolin fx from Indonesia writes about SuperForex:

    I move to this broker because they sponsored CSR in our Country ( really ). Most of the broker in our country don't do CSR. And more over after a while i got comfortable with them because Customer Support is very good whenever i got a question. Keep ...

  • Raniya from Bandung writes about FXB Trading:

    FXB Trading was recommended to me by my friend and, at first, I could not believe all the amazing things he was telling me about this website. When I joined them, I had to believe every word my friend had said about them. In fact, I found the site to...

Forex Blog

GBP/CAD Reverses to Form Double Bottom on Weekly

Sun, 10 Dec 2017 15:55

Following a failed descending triangle formation, the pound is now clearly trying to reverse its long-term trend versus the Canadian dollar. The impending switch to an uptrend is signaled by the double bottom pattern on the weekly timeframe. You can see the bottoms and the neckline marked by the yellow lines on the chart below. The cyan...

Forex Brokers Update — December 10th, 2017

Sun, 10 Dec 2017 15:06

The last two weeks have been quite busy in terms of brokers' updates. We have listed three new companies: Markets Cube — a shady unregulated Cypriot Forex broker with $5,000 minimum account size, 1:100 leverage, and Sirix Station as the trading platform. They claim to accept US traders....

Weekly Forex Technical Analysis (Dec 11 — Dec 15)

Sat, 9 Dec 2017 9:19

EUR/USD

Floor pivot points

3rd Sup2nd Sup1st SupPivot1st Res2nd Res3rd Res
1.1561 1.1646 1.1709 1.1794 1.1858 1.1942 1.2006

Woodie's pivot points

2nd Sup1st SupPivot1st Res2nd Res
1.1640 1.1699 1.1789 1.1847
...

Forex News

US Dollar Strong During Week, Ends Trading Soft Due to NFP

US Dollar Strong During Week, Ends Trading Soft Due to NFP

Sat, 9 Dec 2017 19:19

The US dollar was strong during the past trading week thanks to the outlook for the US tax reform. The currency lost its upward momentum on Friday, though, following the release of nonfarm payrolls.

British Pound Hits New Lows on Brexit Deal and Positive NFP Data

British Pound Hits New Lows on Brexit Deal and Positive NFP Data

Fri, 8 Dec 2017 15:23

The British pound today hit news lows despite news of a Brexit deal between the EU and the UK allowing for trade talks to begin. The pound headed much lower after the release of positive US non-farm payrolls data in the early American session.

NZ Dollar Gains Even as Manufacturing Sales Slow

NZ Dollar Gains Even as Manufacturing Sales Slow

Fri, 8 Dec 2017 13:02

The New Zealand dollar gained today despite slowing growth of manufacturing sales.

Commodity Blog

Commodities Technical Analysis, December 11th — December 15th

Sun, 10 Dec 2017 9:37

The technical analysis, that includes the indicators’ data and major pivot points for WTI Oil, Gold, Silver and Copper as traded on spot market as of December 10th, 2017:...

Gold Dips to Four-Month Low amid Strong US Jobs Report

Fri, 8 Dec 2017 16:23

Gold futures are slipping to their lowest levels since the end of July as the latest jobs report suggests the US economy is roaring. The yellow metal...

Sugar Plunges 2% amid Widespread Commodity Selloff

Thu, 7 Dec 2017 17:40

Sugar futures have plummeted as much as 2% towards the end of the trading week. Sugar has been just like...

Forex Video Zone

What Is Relative Strength Index and RSI Indicator

Sun, 10 Dec 2017 13:52

The relative strength index is a momentum indicator. It compares the magnitude of recent gains and losses over a specified time period. This indicator was designed to measure the speed and change of price movement. The most common use is attempting to identify overbought and oversold conditions in markets. This indicator provides a relative evaluation of the strength of the price performance. By definition, being a momentum indicator, it is supposed to help identify...

Daily Forex News and Analysis — December 10th 2017

Sun, 10 Dec 2017 13:40

The EUR/USD pair ended the week unchanged, closing at 1.1773. The GBP/USD pair decreased by 0.62%, closing the week at a 1.3390 exchange rate. Apple Inc. is on its way to taking ownership of the music identification application Shazam. Apple is in talks with privately held UK based Shazam to pay about $400 million for the popular app, a deal that could be signed as early as next week. Gold fell by 0.38%, as of last week's...

MACD Indicator MT4 Default Setup Explained

Fri, 8 Dec 2017 16:46

The Moving Average Convergence Divergence is a technical indicator that uses the difference between the short-term and long-term price trends in an attempt to anticipate future price evolution. The indicator is constructed using three moving averages that plot two components on the chart. The default value of the indicator are 26, 12, and 9. The main component is a differential between the 26-period and the 12-period exponential moving average. The bigger the gap between these two...