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

  • Tim from United kingdom writes about GAINSY:

    I trade not frequently, but for quite considerable period of time already. After 8 years of my live trading experience have passed, I can say that broker is reliable. I have been with the company from the time CHF made impact at the beginning of 2015...

  • Harish from United Kingdom writes about AAATrade:

    Their webinar on the COT report was indeed remarkable which is why i joined. I made a deposit of a few hundreds to test them out and will top up with more if im happy. but so far so good, no complain or negative comment whatsoever,

  • Oliver from UK writes about Coinexx:

    I am thoroughly impressed by the quality of their spreads especially on cryptos which is what I am currently trading. Spreads always stay within the stipulated range there’s never been any slippage issue. That’s great considering cryptos can get very...

  • Maximilian from Romania writes about AAATrade:

    I have traded with many brokers but I stick with aaatrade because they are solid and they know their business very very well. they are a truly professional broker and we had a good relationship long time now

Forex Blog

Weekly Forex Technical Analysis (Sep 24 — Sep 28)

Sat, 22 Sep 2018 9:55

EUR/USD

Floor pivot points

3rd Sup2nd Sup1st SupPivot1st Res2nd Res3rd Res
1.1462 1.1540 1.1647 1.1725 1.1832 1.1909 1.2016

Woodie's pivot points

2nd Sup1st SupPivot1st Res2nd Res
1.1547 1.1661 1.1732 1.1846
...

EUR/USD Rallies, Keeps Gains After Positive US Macroeconomic Releases

Thu, 20 Sep 2018 15:18

EUR/USD was rising during the Thursday's trading session. While the currency has halted its rise following the release of mostly positive macroeconomic data in the United States, it managed to keep most of its gains. Philly Fed manufacturing index climbed from 11.9 to 22.9 in September, above the average...

EUR/USD Attempts to Hold onto Gains as US Yields Surge

Wed, 19 Sep 2018 17:36

EUR/USD attempted to rally today but retreated as yields for 10-year US treasuries surged, breaking the 3% level this week, and today's macroeconomic data released from the United States was mostly good. The currency pair was still hanging above the opening level. Housing starts were at the seasonally adjusted annual...

Forex News

US Dollar Ends Week Soft as US-China Trade War Becomes Non-Event

US Dollar Ends Week Soft as US-China Trade War Becomes Non-Event

Sat, 22 Sep 2018 17:19

The US dollar ended the week mostly soft despite escalation of the US-China trade conflict. Markets largely brushed off the news, and traders showed more interest in riskier higher-beta currencies instead of safer ones.

Canadian Dollar Pares Gains As Trade Deal Hopes Fade

Canadian Dollar Pares Gains As Trade Deal Hopes Fade

Fri, 21 Sep 2018 17:15

The Canadian dollar started on Friday holding a three-month high as inflation data boosted odds of the central bank raising interest rates. Those gains were later pared after a White House official stated that the US is “very, very close” to moving ahead on a trade deal without Canada, suggesting that the U.S.

Norwegian Krone Flat Following Interest Rate Hike

Norwegian Krone Flat Following Interest Rate Hike

Fri, 21 Sep 2018 11:07

The Norwegian krone was little changed today after the nation's central bank raised its key policy rate yesterday.

Commodity Blog

Different Fundamentals Lead to Disparity in Performance of WTI & Brent Grades

Fri, 21 Sep 2018 20:31

West Texas Intermediate crude oil rallied today, while the Brent grade stayed little changed. The disparity in performance between the two grades of oil can...

Gold Falls on Firm Dollar, Poised for First Weekly Gain in a Month

Fri, 21 Sep 2018 16:18

Gold futures are sliding at the end of the trading week, but they are on track for their first weekly gain in a month. The yellow metal is shedding...

Soybeans Rebound From 10-Year Low Amid Record US Crop

Thu, 20 Sep 2018 14:21

Soybean futures are rebounding from their worst levels in a decade on Thursday. Soybean, which has been in the middle of the escalating trade dispute between the US...

Forex Video Zone

We Are Traders

We Are Traders

Fri, 21 Sep 2018 16:38

In this video, we will look at life as a trader. Why we chose this profession. No idea. There is no time involved about when to eat, sleep, or work. This is a job of money game played again and again. Why we put ourselves into a risky situation. No idea. There are many sleepless nights involved. The world says it is based on pure luck. The world...

Support and Resistance — Single Trend Lines

Support and Resistance — Single Trend Lines

Fri, 21 Sep 2018 15:39

In technical analysis, trendlines are the basic tool to located support and resistance levels. There are 4 basic types of trendlines.

  1. Up or down trendlines
  2. Channels, which are comprised of two parallel lines that captures price movements, when price is rising, falling, or remains flat.
  3. Moving Averages
  4. Bollinger Bands, a variation on MAs.
Trendlines are subjective. Trendlines show the view of an overall trend, either uptrend or downtrend....

How to Make Money With Forex — Leverage Explained (Part 3)

How to Make Money With Forex — Leverage Explained (Part 3)

Fri, 21 Sep 2018 15:33

Hi, It's John again. This is part 3 of the series, explaining you how forex changed my lifestyle. In this video, I will explain you what role leverage plays in forex trading with an example. Assume I have 1,000 pounds in my account. The exchange rate is 1.25. It means I can buy 1 euro and 25 cents with for every pound I have in hand. So, I get 1,250 euros for the 1000...