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

  • Luis from Portugal writes about Markets Cube:

    at the end of July I opened an account at Markets Cube and to where I transferred 5,250 (250+5000) euros.

    because I was hospitalized I could not receive telephone calls so the business I did was exclusively at my own risk.

    So I take the damage I've...

  • Carey from France writes about Imperial Global Markets:

    Besides the traditional trading with the customary financial assets (and cryptocurrencies), Imperial offers several group investment portfolios for different kinds of risk and strategies. Imperial consultants are also ready to help me organise my per...

  • Dai Tran from Vietnam writes about HotForex:

    I have 2 years with this broker, it's from Cyprus and CySec regulated. Execution is rapid and my most pending orders are executed at expected prices. Spreads are low in majors compared to all brokers I have tried (both int and local ones). I also com...

  • Chris from Stuttgart writes about AAATrade:

    I have traded with aaa 2 years now, neglected my account for a while and logged back in a month ago with a few more hundreds to test their new features. Overall good although I am struggling with making sense of the 'crypto pairs'. Happy they have G...

Forex Blog

EUR/USD Opens Sharply Lower, Bounces Afterwards

Mon, 15 Oct 2018 15:00

EUR/USD opened sharply lower due to the prevalent risk aversion on the Forex market but was moving up since the opening. The currency pair attempted to extend its rally after US retail sales missed expectations but failed. The EUR/USD pair has retreated from the daily highs by now, though...

Forex Brokers Update — October 14th, 2018

Sun, 14 Oct 2018 17:13

Although there were no new brokers added during the last two weeks to, there are quite a few updates to report on: IQ Option added trading in TRON cryptocurrency with 1:50 leverage. AMarkets no longer offers xStation trading platform. ECN accounts can now be...

Weekly Forex Technical Analysis (Oct 15 — Oct 19)

Sat, 13 Oct 2018 9:58


Floor pivot points

3rd Sup2nd Sup1st SupPivot1st Res2nd Res3rd Res
1.1278 1.1355 1.1457 1.1533 1.1635 1.1712 1.1813

Woodie's pivot points

2nd Sup1st SupPivot1st Res2nd Res
1.1361 1.1469 1.1540 1.1648

Forex News

US Dollar Soft After Retail Sales Miss Expectations

US Dollar Soft After Retail Sales Miss Expectations

Mon, 15 Oct 2018 18:22

The US dollar opened sharply higher against a range of other most-traded currencies today on the back of risk aversion. Currently, though, the greenback is weak due to retail sales missing expectations and geopolitical tensions.

Canadian Dollar Rises on Business Optimism, Future Rate Hikes

Canadian Dollar Rises on Business Optimism, Future Rate Hikes

Mon, 15 Oct 2018 17:28

The Canadian dollar is rallying to kick off the trading week, buoyed by growing optimism among the business community. The loonie was lifted even more on increasing odds that the central bank will raise interest rates at least one more time before the year is over.

Swiss Franc Gains as Safe Currencies Back in Favor

Swiss Franc Gains as Safe Currencies Back in Favor

Mon, 15 Oct 2018 11:10

The Swiss franc climbed today, joining the Japanese yen in a rally, as risk aversion returned to markets. That brought safe currencies back in favor of market participants.

Commodity Blog

Bitcoin Price Rallies Following Tether Sell-Off

Mon, 15 Oct 2018 19:29

After discussing 5 reasons why Bitcoin price could surge on Saturday, the world's largest virtual currency by market cap rallied more...

Crude Oil Gains amid Tensions Between USA & Saudi Arabia

Mon, 15 Oct 2018 18:48

Prices for crude oil rose today amid growing tensions between the United States and Saudi Arabia. The USA threatened actions against the Middle Eastern nation...

Gold Rallies Over Dollar Weakness As Investors Eye $1,238

Mon, 15 Oct 2018 16:59

Gold futures are rallying to kick off the trading week as investors eye a key level to finish off the session. The yellow metal rallied on a weaker dollar...

Forex Video Zone

The Best MACD Indicator for Trade Entry

Mon, 15 Oct 2018 14:16

In this video, you will learn about a forex trading strategy using the 2-line MACD indicator. If you are interested in using this indicator, you can find this indicator on the forex factory web site. With this strategy, you locate the trend using the daily chart. As you can see, the market is in an uptrend. Then, you can look for the 4-hour chart for any signal. But if...

Daily Market Roundup — October 15th 2018

Mon, 15 Oct 2018 13:34

The demand for the risk currencies is low at the moment. The EUR/USD pair looks bearish today and the 1.1514 level looks supportive. The resistance levels are 1.1594, 1.1633, and 1.1659. The support levels are 1.1515, 1.1480, and 1.1444. The USD/JPY pair is consolidating and has fallen a bit. The resistance levels are 112.83, 113.56, and 114.18. The support levels are 111.66, 111.43, and 111.31. The GBP/USD opened this week with a gap and is trading below...

Candlestick patterns — Bearish Harami

Mon, 15 Oct 2018 13:17

In this video, you will learn about the bearish harami candlestick pattern. You spot this pattern at the top of an uptrend, hence it is a bearish reversal pattern. The first candlestick is a big red candlestick. It is followed by a small green candlestick, which is present within the body of the previous candlestick. This is a very reliable reversal pattern. To take a short entry with this pattern, you...