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

  • Aiden from malaysia writes about Coinexx:

    Ah what a find this broker is! Happened to land on their website thinking they are a crypto exchange but ended up singing a demo ac. After getting a hand of mt5 on my demo, started a live ac and its been great trading with them. everything with them ...

  • Jenacha from Spain, Madrid writes about Forex Optimum:

    I've checked websites of many brokers. Everyone offers kind of the same conditions. But I chose forex optimum because it's very easy to navigate on the website, and all the terms are listed in detail literally for each currency pair and other assets....

  • Wizard from Europe writes about SuperForex:

    So familiar when after a couple of weeks of profitable trading sudden slippage occur from time tio time, execution raises from about half a second to 6-15 seconds regardless to market conditions. And if we add to all this not very small spreads, the ...

  • IFTAQUAR UL WAHHAB from Canada writes about GOMarkets:

    I have been with this GOM for about two years and have found their service across all departments to be nothing less than excellent. they had even reverted two of my trades which were losses due to public holiday. The support staff is very knowledgea...

Forex Blog

Weekly Forex Technical Analysis (Aug 13 — Aug 17)

Sat, 11 Aug 2018 9:51

EUR/USD

Floor pivot points

3rd Sup2nd Sup1st SupPivot1st Res2nd Res3rd Res
1.1083 1.1236 1.1323 1.1476 1.1563 1.1716 1.1803

Woodie's pivot points

2nd Sup1st SupPivot1st Res2nd Res
1.1219 1.1291 1.1459 1.1531
...

US Sanctions on Turkey Drive EUR/USD Down

Fri, 10 Aug 2018 18:27

EUR/USD dropped to the lowest level in a year today on concerns that the negative impact of US sanctions against Turkey can spill over to the European banking system, which has strong exposure to Turkish assets. Positive US inflation data also weighed on the currency pair. US CPI rose 0.2% in July...

EUR/USD Falls Despite US PPI Missing Forecasts

Thu, 9 Aug 2018 14:53

EUR/USD declined today even as US producer inflation missed expectations. Consumer inflation data will be released tomorrow, and if it fails to meet expectations as well, that would bode ill for the US currency. PPI showed no change in July, whereas experts had predicted an increase by 0.2%. The index...

Forex News

Pound Languishes on Monday, Waiting for Key Economic Releases

Pound Languishes on Monday, Waiting for Key Economic Releases

Mon, 13 Aug 2018 18:38

The Great Britain pound behaved similarly to the euro today, opening sharply lower but recovering a bit later. And similarly to the euro, the currency was waiting for macroeconomic releases over the rest of the week as the Monday's economic calendar was empty.

Chinese Yuan weakens on Lira Crisis, Rallying Stocks

Chinese Yuan weakens on Lira Crisis, Rallying Stocks

Mon, 13 Aug 2018 18:09

The Chinese yuan is weakening on Monday, hurt by the Turkish lira crisis and a rallying stock market. Investors have also combed through recent remarks by the People’s Bank of China (PBOC) about refusing to use the currency as a tool in its trade dispute with the US.

Euro Bounces from Lows, Waits for Economic Data

Euro Bounces from Lows, Waits for Economic Data

Mon, 13 Aug 2018 17:32

The euro bounced today after opening sharply lower due to the financial crisis in Turkey. The current trading session was light on other events, including economic releases, but tomorrow's session will be different, with plenty of macroeconomic data from the eurozone.

Commodity Blog

Crude Oil Declines amid Turkish Crisis Concerns, Other Negative Fundamentals

Mon, 13 Aug 2018 18:05

Futures for crude oil attempted to hold ground today but failed and are now trading far below the opening levels. The reason for that was concerns...

Gold Plunges to 17-Month Low As Dollar Boosted by Turkish Crisis

Mon, 13 Aug 2018 16:32

Gold futures are plummeting to their lowest levels in about 17 months to kick off the trading week. The yellow metal is flirting with $1,200...

Commodities Technical Analysis, August 13th — August 17th

Sun, 12 Aug 2018 10:11

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 August 12th,...

Forex Video Zone

Bitcoin Forecast — August 13th 2018

Mon, 13 Aug 2018 16:15

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the August 13th session. Bitcoin/USD — As you can see, it has been anothr negative day. We have taken back about half of the gains from Thursday. Really, it has been pretty quiet truthfully. We are only down about 1.3% for the day. We look at 6,000 to the downside. If we can break down...

USD in Demand amid Turkey’s Financial Crisis

Mon, 13 Aug 2018 16:07

On early Monday, the US dollar index was holding at the highest level in over a year. Later on Monday, the index was still trading at about 96.40. The US currency is gaining ground across the board on the back of escalating political tensions between the US and Turkey. In the European trade, the single European currency was weighed down by the stronger greenback. However, in the late European trade, the EUR/USD pair was able to recover from a 13-month low...

Turkish Lira Pulls Euro Down

Mon, 13 Aug 2018 15:49

The European session started with a sell off of the euro. Investors remain deeply concerned about a risk of a crash of the Turkish financial system. The EUR/USD pair was trading at 1.1380. Market participants fear that the recent plunge in the Turkish currency may have an adverse impact on major European banks. The ECB officials say that this uncertainty can influence financial institutions in Spain, France, and Italy. Amid that, traders prefer...