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 (as of April 2016). 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. Everyone can participate in foreign exchange trading via the Forex brokers.

You can start learning to trade by going through our free Forex course. You can also join a friendly community of traders at the Forex forum.

Latest in Forex

Forex Blog

EUR/USD Rises with German Economic Sentiment

Tue, 23 Jan 2018 20:42

EUR/USD rose today following the release of the better-than-expected report about the German economic sentiment and continued to rise after the bigger-than-expected drop of the US manufacturing index. The currency pair was down before that as the dollar got boost from the reopening of the US government. Richmond Fed manufacturing index fell from...

Forex Brokers Update — January 21st, 2018

Sun, 21 Jan 2018 16:49

Just a few updates to report on this week: eToro no longer accepts deposits via SOFORT. Now, the broker offers only one account type, simplifying the matter for prospective traders. NordFX revamped its system of account types reducing their number from six to three. Alfa-Forex no longer keeps...

Weekly Forex Technical Analysis (Jan 22 — Jan 26)

Sat, 20 Jan 2018 10:07

EUR/USD

Floor pivot points

3rd Sup2nd Sup1st SupPivot1st Res2nd Res3rd Res
1.1993 1.2079 1.2151 1.2237 1.2309 1.2395 1.2467

Woodie's pivot points

2nd Sup1st SupPivot1st Res2nd Res
1.2075 1.2143 1.2233 1.2301
...

Forex News

EUR/USD Rallies Higher on Positive German ZEW Survey

EUR/USD Rallies Higher on Positive German ZEW Survey

Tue, 23 Jan 2018 15:45

The EUR/USD currency pair today traded mostly in a tight range after heading lower in the Asian session and the early European session, before heading higher after the release of the German ZEW survey data.

Dollar Gains After US Government Reopens

Dollar Gains After US Government Reopens

Tue, 23 Jan 2018 10:08

The US dollar gained against the vast majority of most-traded currencies (with the exception of the Japanese yen) after the news that the US government is going to reopen.

Yen Rises After BoJ Makes No Changes to Monetary Policy

Yen Rises After BoJ Makes No Changes to Monetary Policy

Tue, 23 Jan 2018 9:54

The Japanese yen gained against its main rivals today after the Bank of Japan kept monetary policy without change. Positive macroeconomic data also provided some support, though its impact was subdued.

Commodity Blog

Higher Inventories, Smaller Chinese Imports Impact Copper Futures

Tue, 23 Jan 2018 17:31

Copper futures plunged more than 2% on Tuesday as new data negatively impacted the industrial metal. Higher inventory levels, a decrease in Chinese copper imports,...

Gold Prices Lower on Reports of End to US Government Shutdown

Mon, 22 Jan 2018 17:39

Gold futures are trading lower to start the trading week as reports suggest the US government shutdown may be on the verge of coming to an end. The news helped...

Palladium Consolidates in Symmetrical Triangle on H4 Timeframe

Sun, 21 Jan 2018 19:35

Palladium is trading in an unstoppable long-term uptrend for two years now. Its recent price action on the 4-hour chart suggests a consolidation in a symmetrical triangle, which...

Forex Video Zone

EUR Lacks Momentum Ahead of ECB Meeting While GBP Surges to New Peaks

Tue, 23 Jan 2018 17:48

This week, traders pay close attention to the policy meetings of the Bank of Japan and the European Central Bank. Japan's financial regulator has already unveiled its plans regarding the further policy stance, so now market participants are waiting for the results of the ECB monetary policy meeting. On Thursday, the ECB Governing Council will hold a meeting. Investors hope that the bank's officials will confirm their plans...

Price Action Trading Techniques in Forex Market

Tue, 23 Jan 2018 16:45

You are watching a trading strategy that was published in 2013. This strategy is publicly available. We look to buy when EMA direction is up, RSI is above 50, and MACD is above zero line. We look to sell when EMA direction is down, RSI is below 50, and MACD is below the zero line. We look for these three indicators to point...

South Korea Puts Downward Pressure on Bitcoin

Tue, 23 Jan 2018 14:03

While the situation on the foreign exchange market is quite calm, the cryptocurrency market shows high volatility. On Saturday, bitcoin touched a month high of $13,000, however, today the virtual currency is trading near $10,400. Bitcoin is trading under pressure amid the decision of the South Korean government to publish personal data of traders to monitor transactions. That way the country plans to fight against financing criminal and fraud schemes. Moreover,...