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

  • Dai Duong from Ho Chi Minh writes about LMFX:

    I started trading with LMFX from end of 2016, I did try demo for 1-2 months before trading live. I noticed this broker through a promotion on my forex forums with Phone bonus that was very easy to acquire. Starting from Feb this year, I decided to de...

  • Teodor from Portugal writes about Trade12:

    I also would like to share my opinion of Trade12.

    One guy suggested this broker to me when i as looking for an ecn broker provider. At first i was unsure if i will open an account because there were bad reviews. I was really interested so i email...

  • Nasrin Sultana from Bangladesh writes about Fort Financial Services:

    Fort financial services is an excellent forex broker who is offering a usd 5 no deposit bonus. You can register and get the bonus after your account is verified. Verification is also easy and fast. Then you can withdraw maximum of usd 50 after tradin...

  • Gary from London writes about PaxForex:

    Dear Spasoje Kulasevic,

    We are sorry to hear about your lost.

    We appreciate all fair and trustworthy feedbacks about our trading services.

    We have checked your account history of July 5th,2017 and found Gold Sell positions which were held for ...

Forex Blog

Weekly Forex Technical Analysis (Oct 23 — Oct 27)

Sat, 21 Oct 2017 9:16

EUR/USD

Floor pivot points

3rd Sup2nd Sup1st SupPivot1st Res2nd Res3rd Res
1.1594 1.1662 1.1721 1.1790 1.1849 1.1918 1.1977

Woodie's pivot points

2nd Sup1st SupPivot1st Res2nd Res
1.1660 1.1717 1.1788 1.1845
...

EUR/USD Drops After Senate Passes Budget Draft

Fri, 20 Oct 2017 22:40

EUR/USD dropped today as US Senate approved a budget blueprint that should pave the way for tax cuts promised by US President Donald Trump in his election campaign. Positive macroeconomic data released in the United States over the Friday's session also dragged the currency pair down. Existing home sales rose...

EUR/USD Rallies Despite Political Turmoil in Spain

Thu, 19 Oct 2017 21:15

EUR/USD rallied today, demonstrating strength that was surprising considering that political turmoil in Spain persisted. Meanwhile, two of the three important economic reports released in the United States today were good, while the leading indicators demonstrated a surprising drop, being the only negative release. Initial jobless claims fell...

Forex News

US Dollar Jumps on Hopes for Tax Cuts as Senate Passes Budget Blueprint

US Dollar Jumps on Hopes for Tax Cuts as Senate Passes Budget Blueprint

Fri, 20 Oct 2017 21:07

The US dollar jumped today, registering the biggest daily gain in a month, due to the hopes for the tax reform promised by US President Donald Trump.

Euro Mixed amid Clashing Fundamentals

Euro Mixed amid Clashing Fundamentals

Fri, 20 Oct 2017 20:50

The euro was mixed today, falling against the US dollar and the Great Britain pound, while rising versus the Japanese yen and the Swiss franc. The currency was supported by positive macroeconomic data and the outlook for an asset-purchase reduction, while dragged down by Europe's political issues like the Brexit and separatism in Catalonia.

British Pound Rallies Higher Against US Dollar on PM May Speech

British Pound Rallies Higher Against US Dollar on PM May Speech

Fri, 20 Oct 2017 14:55

The British pound today rallied higher against the US dollar after a speech by British Prime Minister, Theresa May, where she called for collaboration between the EU and the UK on Brexit negotiations. PM May made her comments at an informal meeting with leaders of the European Council even as she remarked that the current Brexit talks had been challenging.

Commodity Blog

Gold Poised for Worst Weekly Performance in October

Fri, 20 Oct 2017 15:19

Gold futures are tumbling at the end of the trading week as the yellow metal is poised for its worst weekly performance this month. Gold prices are...

Wheat Futures Rebound from Six-Day Low

Thu, 19 Oct 2017 16:43

Wheat prices are edging higher on Thursday, rebounding from six-day lows. Any gains in wheat prices were capped by surging supplies, particularly in the Black...

Metal Prices Remain Depressed Due to Strong Dollar

Wed, 18 Oct 2017 18:23

Prices for precious metals remained depressed today as the US dollar continued to receive support from monetary tightening expectations. Unlike yesterday, spot prices...

Forex Video Zone

What Is the Harmonized Index of Consumer Prices?

Fri, 20 Oct 2017 16:47

This indicator is constructed to measure the changes over time in the price of consumer goods and services. This index gives comparable measures of inflation in the eurozone, the EU, the European Economic Area and for other countries including accession and candidate countries. They are calculated according to a harmonized approach and a single set of definitions. They provide the official measure of consumer price inflation in the eurozone for the purposes of monetary policy in the euro area and assessing inflation convergence...

USD Storms Higher in Asian Trade

Fri, 20 Oct 2017 14:46

Despite softness of the US dollar in the North American trade, the greenback opened the Asian trade with a steady advance across the board. The USD/JPY pair is on track to a 2-week high, trading at around 113.30. Meanwhile, the market is absorbing a speech of Bank of Japan Governor Haruhiko Kuroda. He confirmed that the regulator adheres to the principle of the ultra easy monetary policy. In his remarks, the policymaker noted a persistently low pace...

Oil Traders Fix Profits

Fri, 20 Oct 2017 14:08

Oil traders fix their profits today, so oil futures are trading lower. The Brent Crude Benchmark is hovering near the level of $56.82 per barrel. Geopolitical factors that have recently boosted a rise in Brent prices also produce little effect. Restoration work is carried out in oil fields in the Iraqi region of Kirkuk, so oil production in Kurdistan may be resumed. The report of the Energy ...