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 $5.3 trillion (as of April 2013). 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 also join a friendly community of traders at the Forex forum.

Latest in Forex

  • Henry from United States writes about Trade12:

    In February 2016, I decided to venture into forex trading to make some extra cash so as to compliment the little I was making from my part –time job. However, being a newbie, things did not really go as planned despite having the will and zeal to ma...

  • Thomas from South Africa writes about FxGlory:

    I started trading with FxGlory since 2014.And it has been so far so good with them.

    Actually,my forex trading career began around 2006 on the platform of marketiva. I was frustrated by their platform and other factors and then decided to stop trad...

  • Xavier Tan from Malaysia writes about FXTM:

    If you are searching for a reputable yet reliable PAMM broker, this is the best of the best in terms of PAMM account management in the Forex World.

    I had absolute zero issue dealing with FXTM in terms of withdrawal, deposits and even my money mana...

  • Bosun from Nigeria writes about FxGlory:

    @ Nathan, USA.

    I can see that you are not even a trader at FxGlory . Most brokers have more negative reviews than positive on forexpeacearmy. You have to listen to real traders on other sites like earnforex.

Forex Blog

AUD/USD in a Symmetrical Triangle on H4 Chart

Sun, 4 Dec 2016 13:14

A strong downtrend that was active in AUD/USD from November 8 till November 21 has consolidated into a classic symmetrical triangle pattern. Being a continuation signal, such a triangle suggests a further bearish price action in this currency pair following a breakout. The chart screenshot below shows the triangle marked...

Forex Brokers Update — December 4th, 2016

Sun, 4 Dec 2016 12:55

There were not many updates to the brokers this week: FxPro is now regulated by South African FSB. PAMM and managed accounts are no longer available. Added swap-free accounts. Minimum account size for cTrader accounts is now $100. Increased maximum leverage for currencies from 1:100 to 1:500,...

Weekly Forex Technical Analysis (Dec 5 — Dec 9)

Sat, 3 Dec 2016 9:07


Floor pivot points

3rd Sup2nd Sup1st SupPivot1st Res2nd Res3rd Res
1.0437 1.0494 1.0574 1.0632 1.0712 1.0769 1.0849

Woodie's pivot points

2nd Sup1st SupPivot1st Res2nd Res
1.0500 1.0585 1.0637 1.0723

Forex News

US Dollar Ends Week Soft as Markets Didn't Like NFP

US Dollar Ends Week Soft as Markets Didn't Like NFP

Sat, 3 Dec 2016 11:54

The dollar has ended the week unexpectedly soft, though it managed to gain on the even weaker Japanese yen, as markets did not welcome the mixed employment data from the United States.

Sterling Strong as Britain's Officials Want to Avoid Hard Brexit

Sterling Strong as Britain's Officials Want to Avoid Hard Brexit

Fri, 2 Dec 2016 21:28

The Great Britain pound was strong on Friday, rising against its most-traded peers, as Britain's officials were talking about possibility of keeping access to the single market of the European Union.

Canadian Dollar Gets Help from Positive Employment Report

Canadian Dollar Gets Help from Positive Employment Report

Fri, 2 Dec 2016 19:10

The Canadian dollar rose against most of its major peers (with the exception of the Japanese yen) with the help of rather positive employment data released from Canada over the trading session.

Commodity Blog

Commodities Technical Analysis, December 5th — December 9th

Sun, 4 Dec 2016 9:24

The technical analysis, that includes the indicators’ data and major pivot points for WTI Oil, Gold, Silver and Copper as traded on spot market as of December 4th, 2016:...

Crude Oil Prices Keep Rising Above $50

Fri, 2 Dec 2016 19:29

It looks like optimism, caused the OPEC deal to cut oil production persists. And it continued to propel prices for crude higher. While analysts...

Gold Rises on Positive US Jobs Data, Posts Weekly Loss

Fri, 2 Dec 2016 17:35

Even as the US labor market had a strong November, gold still rallied to end the trading week. Despite the modest gains, the yellow metal is still...

Forex Video Zone

Understanding the ADP Non-Farm Employment Change

Sun, 4 Dec 2016 16:43

This release takes place the first Wednesday of each month and is considered a leading indicator for the Non-Farm Payroll report released the following day. The NFP is the official data while the ADP reports is compiled by the US leading private payroll company, Automated Data Processing or ADP. The ADP National Employment Report, which is also known as the ADP Jobs Report. The report's methodology was revised in November...

Daily Forex News and Analysis — December 4th 2016

Sun, 4 Dec 2016 14:32

Last week the first post Trump Non-Farm Payroll report was released, showing positive labor growth, leading the Fed to possibly raise the rates after their December meeting. As a result, the EUR/USD pair went up by 3 pips, ending the week at an exchange rate of 1.0664. Bouncing back, the GBP/USD pair shot up by 138 pips before market close, closing Friday at 1.2727. The USD/CAD pair did not...

Gold Likely to Suffer Losses After FOMC Meeting

Fri, 2 Dec 2016 15:26

The outcome of the OPEC and non OPEC countries meeting came under spotlight on Thursday. While oil prices jumped by more than 3%, the US dollar weakened. Besides, traders were awaiting publication of the US economic reports in hope to get more clues on possiblity of the Fed's rate hike in December. The US dollar index was at 101.14 at the end of Wednesday's trades moving away from the daily high set above...