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

  • Elise Y from Venezuela writes about ForexChief:

    I see that many prefer to use mt4, but I honestly think that the mt5 is better developed with respect to the functionality of the previous version, I have a mt5 with forexchief, it gives me a lot of financial information and news, analysis tools amon...

  • Alex writes about FxPro:

    What I like the most about FxPro is EA trading. Great conditions for algorithmic trading systems without limits on trading strategies. Also, I am very satisfied with different payment systems proposed by the broker.

  • Manager RF writes about RoboForex:

    Dear Phumudzo

    Stop orders, due to their execution mechanics may be executed at prices that are different than the ones set in the order. This is especially true at the times when major news events occur.

    We recognize however that every such si...

  • Abbie Barrn from UK writes about PaxForex:

    Great customer service.

    I have been using Paxforex for around a year, they always provide great customer service and low spreads. I started working with Pax with a stander account and after some time I upgraded to VIP.

Forex Blog

Forex Brokers Update — May 19th, 2019

Sun, 19 May 2019 9:41

It was one more week without new additions of broker listings to our website. The updates included: RoboForex removed Fix-Cent account type. Modified Pro-Cent account type for slightly higher spreads and increased a minimum account size there from $1 to $10. The number of currency pairs available for trading has...

Weekly Forex Technical Analysis (May 20 — May 24, 2019)

Sat, 18 May 2019 9:46


Floor pivot points

3rd Sup2nd Sup1st SupPivot1st Res2nd Res3rd Res
1.1012 1.1083 1.1120 1.1191 1.1228 1.1300 1.1336

Woodie's pivot points

2nd Sup1st SupPivot1st Res2nd Res
1.1074 1.1102 1.1183 1.1211

EUR/USD Fails to Maintain Rally After US Consumer Sentiment Provides Positive Surprise

Fri, 17 May 2019 14:53

EUR/USD attempted to rally intraday but failed to keep gains, especially after the consumer sentiment reported by the University of Michigan demonstrated surprisingly sharp improvement. Leading index rose 0.2% in April, in line with expectations. The March increase got a negative revision from 0.4% to 0.3%. (Event A on the chart.) Michigan Sentiment ...

Forex News

Chinese Yuan Strengthens As Beijing Talks Up Currency

Chinese Yuan Strengthens As Beijing Talks Up Currency

Tue, 21 May 2019 17:28

The Chinese yuan is strengthening on Tuesday as the federal government continues to talk up the currency, despite bearish sentiment from foreign investors surrounding the world’s second-largest economy. As the US-China trade war escalates, there are fears that not only will the Chinese economy continue to spiral downwards, but also the global economy will contract.

Sterling Rallies As PM May Offers Second Referendum, Later Falls

Sterling Rallies As PM May Offers Second Referendum, Later Falls

Tue, 21 May 2019 17:18

The British pound today rallied higher after news emerged that the British Prime Minister Theresa May would offer MPs a chance to vote for a second referendum. The GBP/USD currency pair rallied from news 3-month lows triggered earlier in the day after the opposition Labour Party confirmed that it would vote against PM May's latest Brexit deal.

Turkey Attempts to Defend Lira, Currency Remains Soft

Turkey Attempts to Defend Lira, Currency Remains Soft

Tue, 21 May 2019 17:07

The Turkish lira remains soft despite attempts of policy makers to prop up the currency.

Commodity Blog

Bitcoin Bulls Take Another Run at $8,000

Tue, 21 May 2019 21:10

Even by its own tumultuous standards, Bitcoin has had a turbulent month. Investors were rejoicing a profitable April, with prices at the start...

Soybean Rebounds As Wet Weather Threatens 2019 Yields

Tue, 21 May 2019 16:10

Soybean futures are rebounding on Tuesday as the latest forecasts show wet weather in the US plains. If these weather patterns persist, then analysts warn ...

Crude Oil Mixed as Outlook for OPEC Cuts Uncertain

Mon, 20 May 2019 22:38

Crude oil demonstrated mixed performance as traders were uncertain whether the Organization of Petroleum Exporting Countries and its allies will be able to maintain...

Forex Video Zone

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

Tue, 21 May 2019 17:13

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the May 21st session. EUR/USD — The Monday session saw the market attempting to rally a bit. This market is range bound with 1.12 as top and 1.11 as bottom. You need to see this market to break above 1.1250 to consider buying for long-term. Until then, you can try range trading strategies. GBP/USD — It looks...

USD/ZAR Forecast — May 21st 2019

Tue, 21 May 2019 16:11

In this video, the Trader Guy looks at the USD/ZAR pair for the May 21st session. USD/ZAR — The Monday session did not see much in the way of action. The market is trading ni the middle of a symmetric triangle. So, you can expect a lot of back and forth movement at the moment. A break above this triangle, then 14.75 is the target. A break below the bottom of the candlestick from Monday session and below...

Gold Forecast — May 21st 2019

Tue, 21 May 2019 15:44

In this video, the Trader Guy looks at the commodity, gold for the May 21st session. Gold/USD — Gold market initially fell on Monday session, but then recovered slightly as the 1,275 level offered a bit of support. Any break below this level, this market, then heads towards 1,200. So, rallies that show signs of exhaustion are to be sold. Look at the 15-min chart for an exhaustive candle like...