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

  • anabele from united kingdom writes about Coinexx:

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  • Eric from Netherlands writes about IFC Markets:

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Forex Blog

Weekly Forex Technical Analysis (Jul 16 — Jul 20)

Sat, 14 Jul 2018 9:53


Floor pivot points

3rd Sup2nd Sup1st SupPivot1st Res2nd Res3rd Res
1.1424 1.1518 1.1602 1.1696 1.1780 1.1874 1.1958

Woodie's pivot points

2nd Sup1st SupPivot1st Res2nd Res
1.1516 1.1597 1.1694 1.1775

EUR/USD Fails to Enter Downtrend, Ignores US Fundamentals

Fri, 13 Jul 2018 15:52

EUR/USD was falling during the European trading session and rising during the US one today, but did not pay a lot of attention to the macroeconomic indicators. Those were largely negative for the US dollar. US export and import prices demonstrated mixed performance in June. Export prices increased by 0.3% while the import...

EUR/USD Recovers on Mixed US Data

Thu, 12 Jul 2018 18:42

The euro had fallen against the US dollar during the first half of the European trading session before the US macroeconomic data was released. Following the release of the inflation and employment indicators, the EUR/USD currency pair has recovered its losses. US CPI was reported to have risen 0.1% in June on a seasonally adjusted...

Forex News

British Pound Declines Before Trump-May Meeting, Later Rallies Higher

British Pound Declines Before Trump-May Meeting, Later Rallies Higher

Fri, 13 Jul 2018 16:57

The British pound today headed lower in the early European session following comments by Donald Trump ahead of his meeting with the British Prime Minister. However, the pound staged a recovery from the early American session as the US dollar experienced a modest retracement upon which the pound capitalized.

Euro Drops on Mixed ECB Minutes, Later Rallies on US Inflation Data

Euro Drops on Mixed ECB Minutes, Later Rallies on US Inflation Data

Thu, 12 Jul 2018 16:10

Earlier today, the euro dropped to new weekly lows following the release of the minutes of the European Central Bank's latest Governing Council meeting. The single currency headed lower despite the release of positive German inflation data, but rallied higher in the American session following the release of US CPI data.

Canadian Dollar Rallies on Hawkish BoC Rate Hike, Later Trims Gains

Canadian Dollar Rallies on Hawkish BoC Rate Hike, Later Trims Gains

Wed, 11 Jul 2018 16:32

The Canadian dollar today appreciated against its American counterpart after the Bank of Canada's interest rate decision, which was widely anticipated. The loonie's rally served to drive the USD/CAD currency pair to fresh 2-day lows even as the BoC hinted at a hawkish stance on future monetary policy decisions.

Commodity Blog

Commodities Technical Analysis, July 16th — July 20th

Sun, 15 Jul 2018 10:09

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 July 15th,...

Gold Hovers Around Lowest Settlement Since July 2017

Fri, 13 Jul 2018 15:37

Gold futures are tumbling on Thursday as they are on track for their lowest settlement in a year. As the US dollar climbs, giving the Federal Reserve more ammunition...

Natural Gas Prices Dip As EIA Reports Increase in Domestic Inventories

Thu, 12 Jul 2018 15:53

Natural gas futures are tumbling on Thursday after the US government reported a lower-than-expected increase in domestic supplies. Natural gas, continuing its month-long...

Forex Video Zone

USD Closes Week in the Black

Mon, 16 Jul 2018 12:00

The greenback closed the previous week in the positive territory. By the end of the last week, the US dollar index recouped losses of the preceding weeks and managed to climb to 95.20. The greenback purchases were triggered by increased expectations of at least 2 more interest rate hikes by the Federal Reserves this year. According to the growth rate, the US economy is ready for monetary tightening. However, the report from the University of Michigan released on Friday raised some...

Traders Braced for Another Turbulent Week

Mon, 16 Jul 2018 11:49

This trading week began with positive news about a steady economic advance in China. In this context amid lack of Trump's defiant tweeks, the USD/JPY pair is still trading higher that indicates growing risk appetite among investors. Having reached 112.80, the pair has been trapped in a trading range from 112.40 to 112.50. Traders are anticipating the news from the summit between China and the EU, which...

Know About RSI Indicator

Sun, 15 Jul 2018 15:03

The relative strength index (RSI) is a technical momentum indicator that compares the magnitude of recent gains to recent losses in an attempt to determine overbought and oversold conditions of an asset. It is calculated using the following formula: RSI = 100 — 100 (1+RS*) *Where RS = Average of x days' up closes / Average of x days' down closes. At the bottom of the chart below, the RSI, on a scale of 0–100, indicates that the overbought...