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

  • Jack Elliot from London, United Kingdom writes about JFD Brokers:

    I am trading with JFD Brokers for already more than a year and I am completely satisfied with their services. I use JFD for trading the FX majors and index CFDs. Very good that they reduced commissions on those! I would like to see the swap rates low...

  • Mathieu Remy from France writes about Trade12:

    It has been a very nice experience trading with this broker. I have been trading with this broker for over 1 year now. My account manager is very responsive, patient, understanding and always gives me useful information and advice. Their signals are ...

  • Peter from UK writes about 10Markets:

    I started to trade first time in October with a small amount with Malcolm Brown. We trade with Binary. We had a good and bad trades as well. My money was was goes down, maybe I was not lucky, than I meet with Danny Morgan. I can say, from November ti...

  • Liesel Doerflein from Germany writes about Trade Fintech:

    Just recently opened an account and I like what I see. I've used scottrade and choicetrade but I think this is gona be my main broker. There graphs and mobile apps are great. The website layout is alot better and simpler to use than choice trade.

    E...

Forex Blog

EUR/USD Retreats After Post-Referendum Rally

Tue, 6 Dec 2016 16:29

EUR/USD fell today after yesterday's rally that followed the Italian referendum. Today's economic data from the United States was mixed, providing no reason for the currency pair to move either up or down. Meanwhile, traders wait for Thursday's monetary policy decision from the European Central Bank....

Do You Pay Taxes on Forex Trading Gains?

Mon, 5 Dec 2016 18:18

Paying taxes is really the last thing a new foreign exchange trader should care about, but it is definitely a serious issue for any profitable trader. Correct handling of one's taxes is not only ethical but will help to avoid unnecessary problems and expenditures in the future. I am not...

EUR/USD Swings Down Then Up After Italy's Referendum

Mon, 5 Dec 2016 17:27

The main factor influencing EUR/USD today was the Italian constitutional referendum that has been held on Sunday. Initially, the currency pair reacted very negatively to the outcome of the voting as it ended with rejections of reforms proposed by Italian Prime Minister Matteo Renzi and his resignation. Yet EUR/USD bounced strongly after...

Forex News

Canadian Dollar Climbs Against British Pound on Improving Oil Prices

Canadian Dollar Climbs Against British Pound on Improving Oil Prices

Wed, 7 Dec 2016 19:22

The Canadian dollar was boosted against the British pound on Wednesday. The commodity currency has been supported by rising oil prices since the Organization of the Petroleum Exporting Countries announced that a deal to cut oil output was made in its meeting last week.

Sterling Drops, Hurt by Britain's Manufacturing Data

Sterling Drops, Hurt by Britain's Manufacturing Data

Wed, 7 Dec 2016 16:09

The Great Britain pound dropped today as the surprisingly poor manufacturing report hurt the currency's appeal to investors, overshadowing decent housing data.

US Dollar Remains Steady on Anticipation for ECB Policy Decision

US Dollar Remains Steady on Anticipation for ECB Policy Decision

Wed, 7 Dec 2016 14:45

The dollar remained little changed against the euro on Wednesday, as traders braced for a monetary policy decision from the European Central Bank on Thursday. The bank’s decision might bring increased quantitative easing to the European Union.

Commodity Blog

Coffee Futures Slipping into Bear Market Territory

Wed, 7 Dec 2016 18:14

Coffee futures are heading into bear market territory over rising global supplies. With Colombia increasing production and the Brazilian real gaining momentum,...

Orange Juice Slides on Reports of Solution to Citrus Greening

Tue, 6 Dec 2016 18:08

Orange juice futures tumbled on Tuesday on reports that there may be a solution on the way to save Florida's...

Oil Backs Off from Highs, Stays Above $50 Level

Mon, 5 Dec 2016 21:15

Price for crude oil backed off today but not before reaching the highest level in more than a year. Futures still hang above the $50...

Forex Video Zone

Brexit Fallout Eventually Affects UK Economy

Wed, 7 Dec 2016 15:58

Recent metrics from the UK do not paint a good picture of the domestic economy. The Brexit fallout is gradually affecting the economy. Earlier, experts said that Brexit fears were exaggerated. Indeed, a lot of data confirmed resilience of the British economy since the UK voted to leave the European Union in June. Today, the market was alert to a report on UK industrial production. However, the report fell short of expectations. British industrial output...

EUR/USD to Head Downwards Soon?

Wed, 7 Dec 2016 14:09

The euro is trading under slight pressure against the US dollar as the market is awaiting the ECB monetary meeting that will take place tomorrow. Traders are sure that the monetary policy will be left unchanged as the euro area's economy is facing difficult times. However, the market expects ECB President Mario Draghi to hint at further stimulus measures in his speech. The region's economy does not seem...

Daily Forex News and Analysis — December 7th 2016

Wed, 7 Dec 2016 13:45

Wall Street finished in the green on Tuesday as gains in the Telecoms, Financials, and Consumer Services sectors led shares higher. The Dow Jones rose by 0.18% and the NASDAQ added 0.45% to its value. The US dollar traded higher against the other major currencies as forex traders continued to expect a strong interest rate increase from the Federal Reserve in Washington D.C. this month. The Trade Balance came out lower than expected at -42.6 billion...