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

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Forex Blog

Weekly Forex Technical Analysis (May 27 — May 31, 2019)

Sat, 25 May 2019 9:49


Floor pivot points

3rd Sup2nd Sup1st SupPivot1st Res2nd Res3rd Res
1.1032 1.1069 1.1137 1.1174 1.1242 1.1279 1.1347

Woodie's pivot points

2nd Sup1st SupPivot1st Res2nd Res
1.1077 1.1152 1.1182 1.1257

US & Eurozone Data Poor; EUR/USD Dips, Attempts to Rebound Later

Thu, 23 May 2019 14:37

EUR/USD dipped intraday as macroeconomic indicators in the eurozone were disappointing for the large part, with data from France was the only one providing positive surprises. The currency pair is attempting to rebound as US data was not good as well, but so far the EUR/USD still trades below the opening level....

EUR/USD Fails to Keep Intraday Gains, Retreats Below Opening

Wed, 22 May 2019 21:47

Trading was somewhat directionless during the Thursday's trading session. Moves of EUR/USD reflected that as the pair was moving higher intraday but then reversed its direction and went below the opening level. The EUR/USD pair continued to move lower after the release of FOMC minutes, which suggested that the FOMC...

Forex News

Pound Falls As Theresa May Set to Resign on June 7, Later Recovers

Pound Falls As Theresa May Set to Resign on June 7, Later Recovers

Fri, 24 May 2019 16:52

The British pound today fell from daily highs after the British Prime Minister Theresa May announced that she would step down on June 7 from her post as party leader. Her decision took investors by surprise given that she had stood her ground before in the face of fierce opposition from within her party and the opposition for a long time.

US Dollar Strengthens on Initial Jobless Claims, Fed Minutes

US Dollar Strengthens on Initial Jobless Claims, Fed Minutes

Fri, 24 May 2019 11:51

The US dollar is strengthening against a few currencies at the end of the trading week, buoyed by another decline in initial jobless claims and a central bank that is unlikely to do anything on interest rates.

AUD/USD at the Important 0.6858 Historical Level

AUD/USD at the Important 0.6858 Historical Level

Fri, 24 May 2019 8:18

The Australian dollar versus the US dollar currency pair consolidates just above the major support represented by 0.6858. So, what will happen here decides the fate of the pair for quite some while from now on.

Commodity Blog

Copper Gains on Weaker Dollar, Zambia’s 11% Drop in Output

Fri, 24 May 2019 13:40

Copper futures are mustering up gains on Friday, but they are still poised to record a weekly loss as the industrial metal approaches correction territory....

Metal Markets Act Confusingly amid Risk Aversion

Thu, 23 May 2019 19:39

Markets were in the risk-off mode today, and the metal market reacted confusingly to that. It is easy to understand why gold and silver rallied, being...

Natural Gas Rises Despite Increase in US Supplies

Thu, 23 May 2019 16:20

Natural gas futures are rising on Thursday after the US government reported an increase in domestic stockpiles. The weekly gain was as the market had anticipated. Contracts...

Forex Video Zone

USD/JPY and AUD/USD Forecast — May 24th 2019

Fri, 24 May 2019 16:38

In this video, the Trader Guy looks at the currency pairs USD/JPY and AUD/USD for the May 24th session. USD/JPY — The pair fell strongly on Thursday session. The market showed a risk-off sentiment The S&P 500 index is showing signs of recovery. That can help this pair to move to the upside. The market could possibly fill this gap, as you can see on the daily chart. The market is sitting on a strong support...

EUR/USD and GBP/USD Forecast — May 24th 2019

Fri, 24 May 2019 16:38

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the May 23rd session. EUR/USD — The market found support at 1.11 and made a very strong move to the upside on Thursday session. This looks like a double bottom according to classic technical analysis. It looks like the market is heading towards the 1.12 level to the top. This market is in a range bound situation within a large downtrend....

Bitcoin Forecast — May 24th 2019

Fri, 24 May 2019 12:37

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the May 24th session. Bitcoin/USD — The market tried to pull back on Thursday session, but found enough support below to push the price higher. And the market formed a hammer like candlestick, as you can see on the daily chart. This market looks range bound between 7,000 and 8,250 level. As long as the 6,000 level holds, this market...