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

  • Elise Y from Venezuela writes about ForexChief:

    I see that many prefer to use mt4, but I honestly think that the mt5 is better developed with respect to the functionality of the previous version, I have a mt5 with forexchief, it gives me a lot of financial information and news, analysis tools amon...

  • Alex writes about FxPro:

    What I like the most about FxPro is EA trading. Great conditions for algorithmic trading systems without limits on trading strategies. Also, I am very satisfied with different payment systems proposed by the broker.

  • Manager RF writes about RoboForex:

    Dear Phumudzo

    Stop orders, due to their execution mechanics may be executed at prices that are different than the ones set in the order. This is especially true at the times when major news events occur.

    We recognize however that every such si...

  • Abbie Barrn from UK writes about PaxForex:

    Great customer service.

    I have been using Paxforex for around a year, they always provide great customer service and low spreads. I started working with Pax with a stander account and after some time I upgraded to VIP.

Forex Blog

Forex Brokers Update — May 19th, 2019

Sun, 19 May 2019 9:41

It was one more week without new additions of broker listings to our website. The updates included: RoboForex removed Fix-Cent account type. Modified Pro-Cent account type for slightly higher spreads and increased a minimum account size there from $1 to $10. The number of currency pairs available for trading has...

Weekly Forex Technical Analysis (May 20 — May 24, 2019)

Sat, 18 May 2019 9:46

EUR/USD

Floor pivot points

3rd Sup2nd Sup1st SupPivot1st Res2nd Res3rd Res
1.1012 1.1083 1.1120 1.1191 1.1228 1.1300 1.1336

Woodie's pivot points

2nd Sup1st SupPivot1st Res2nd Res
1.1074 1.1102 1.1183 1.1211
...

EUR/USD Fails to Maintain Rally After US Consumer Sentiment Provides Positive Surprise

Fri, 17 May 2019 14:53

EUR/USD attempted to rally intraday but failed to keep gains, especially after the consumer sentiment reported by the University of Michigan demonstrated surprisingly sharp improvement. Leading index rose 0.2% in April, in line with expectations. The March increase got a negative revision from 0.4% to 0.3%. (Event A on the chart.) Michigan Sentiment ...

Forex News

Euro Rises Despite Trade Jitters As the Dollar Falls on Weak US Data

Euro Rises Despite Trade Jitters As the Dollar Falls on Weak US Data

Mon, 20 May 2019 16:53

The euro today rallied higher against the US dollar in the European and American sessions reversing five consecutive losing sessions to trade slightly higher. The EUR/USD currency pair today reversed Asian session losses and rallied higher boosted by positive German data and the greenback's weakness after hitting a key resistance zone.

AUD/CAD at the Major Support of 0.9222

AUD/CAD at the Major Support of 0.9222

Mon, 20 May 2019 6:17

The Australian dollar versus the Canadian dollar currency pair declined sharply and the first signs of slowing down occurred only around the 0.9222 support level.

Chinese Yuan Slumps As FDI Slips, Housing Prices Lower Than Expected

Chinese Yuan Slumps As FDI Slips, Housing Prices Lower Than Expected

Fri, 17 May 2019 14:07

The Chinese yuan is slumping against many major currencies at the end of the trading week. The yuan, which has plummeted in the wake of the escalation in the US-China trade war, rebounded on bullish economic data midweek but has since retreated on disappointing numbers.

Commodity Blog

Commodities Technical Analysis, May 20th — May 24th

Sun, 19 May 2019 10:08

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 May 19th,...

Gold Futures Flat, Turn Lower for the Week on Upbeat US Data

Fri, 17 May 2019 13:16

Gold futures are trading flat to close out the trading week, but they are on track to post a tepid weekly loss. The yellow metal was...

Natural Gas Holds Steady as US Supplies Rise, NY Rejects Pipeline

Thu, 16 May 2019 15:39

Natural gas futures are holding steady on Thursday, despite the US government reporting a surge in domestic inventories of the energy supply. The industry is also bracing...

Forex Video Zone

EUR/USD and GBP/USD Forecast — May 20th 2019

Mon, 20 May 2019 15:45

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the May 20th session. EUR/USD — The Friday session saw the bulls to succeed initially, but later saw them give up. To the downside, the 1.11 is the target. A break below, the market could then go towards 1.10. So, you can short rallies that show signs of exhaustion. A break above the top of the candlestick from...

USD/MXN Forecast — May 20th 2019

Mon, 20 May 2019 15:43

In this video, the Trader Guy looks at the USD/MXN pair for the May 20th session. USD/MXN — The Friday session formed a bearish candle showing signs of exhaustion. The market showed a risk-on sentiment on Friday session, which means the dollar is weak, and bullish for emerging economies like Mexico. At the moment, this downtrend line is holding the market down. So, you can expect that the market will move...

Gold Forecast — May 20th 2019

Mon, 20 May 2019 15:41

In this video, the Trader Guy looks at the commodity, gold for the May 20th session. Gold/USD — This market has turned very bearish after found resistance at this downtrend line. The Friday session was bearish too. The 1,268 level below looks very supportive. However, if this level gives away, then 1,200 is the target to the downside. So, you can short rallies that show...