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

  • ricky from Philipine writes about ForexTime (FXTM):

    Just spoke to customer service representative and it looks like very responsive.

    Online chart is the fastest way to reach someone from back office.

    Right now, I'm setting up my trading account and it goes very smoothly.

    An initial paper work wa...

  • Just_Traider from Austria writes about IFC Markets:

    I don't like that with growing of account balance, execution of orders begins to take more and more time. This is scary sign for further trading with a company. This was far too often, even constantly, to be just the matter of internet connection, co...

  • Baker from Uk writes about ForexTime (FXTM):

    Everyone has an opinion what's the most important in forex trading.

    Of course anyone would say that first of a broker should be trustworthy, and I agree here that's essecial.

    However there are a couple more points which no one can ignore such as ...

  • Alexander Jankovic from Slovakia writes about MXTrade:

    I have traded with MXTrade before and I can say that they are really dedicated on bringing the best quality of services to their customers. They do not give special treatments to their big clients, and treats everyone with the same respect. No matter...

Forex Blog

Dollar Falls vs. Euro, Decline Limited

Wed, 26 Oct 2016 15:21

The dollar fell against the euro today while market participants continued to speculate about chances for an interest rate hike from the Federal Reserve in December. While the general consensus is that the Fed is going to hike rates, that outcome has already been priced in. Any doubts, on the other hand,...

EUR/USD Resumes Decline, Ignoring Macroeconomic Data

Tue, 25 Oct 2016 14:42

EUR/USD resumed its declined today after staying flat yesterday. The currency pair also traded sideways at the start of the current session, but has started a decline at 12:00 GMT and is moving down currently. Economic data from the eurozone (namely, from Germany) was good while the US consumer...

Which Part of Your Income Is from Forex Trading?

Mon, 24 Oct 2016 15:33

Every newbie trader dreams of being a full-time Forex trader, with full-time defined as 1–2 hours a day and not having to worry about any financial matters — all being completely compensated by one's trading performance. The reality usually turns out much harsher. First, becoming a profitable trader is...

Forex News

Pound Flat While Markets Focus on Brexit & BoE Stimulus

Pound Flat While Markets Focus on Brexit & BoE Stimulus

Wed, 26 Oct 2016 12:23

The Great Britain pound continued to consolidate, trading mostly flat today, as market participants continued to speculate about the impact of the Brexit and chances for additional monetary easing from the Bank of England.

Australian Dollar Retreats from Session Highs, Stays Above Opening

Australian Dollar Retreats from Session Highs, Stays Above Opening

Wed, 26 Oct 2016 12:02

The Australian dollar rose today following the release of better-than-expected inflation data. While the currency has retreated from the session highs as of now, it is still trading above the opening level.

Improving German Business Climate Provides Limited Support to Euro

Improving German Business Climate Provides Limited Support to Euro

Tue, 25 Oct 2016 12:08

Yet again positive macroeconomic data from the eurozone provided limited support to the euro. The German business climate showed unexpected signs of improvement, yet the euro was mixed during the current trading session.

Commodity Blog

US Crude Tumbles to Under $50, Brent Struggles

Tue, 25 Oct 2016 17:15

Oil prices are tumbling on Tuesday as the US dollar strengthened and the freeze agreement among members of Organization of the Petroleum Exporting Countries (OPEC) appears to have...

Gold Prices Dip as US Dollar Hits 9-Month High on Manufacturing Data

Mon, 24 Oct 2016 17:20

Gold prices started off the trading week in the red as the US dollar strengthened and upbeat manufacturing data impacted the yellow metal. This means gold is...

Bearish Pennant on Daily Chart -- Bad News for Silver

Sun, 23 Oct 2016 21:17

A bearish pennant has formed on a daily chart of silver. The pattern occurs when prices enter a period of consolidation after a sharp move down. It is...

Forex Video Zone

USD/JPY and AUD/USD Forecast — October 26th 2016

Wed, 26 Oct 2016 10:32

In this video, the Trader Guy looks at the currency pairs USD/JPY and AUD/USD for the October 26th session. USD/JPY — As you can see, we did in fact drive towards the 105.00 level. This is a massive resistance barrier as far as I can see. As a result, I think at this point in time, the market will pull back looking for 103.00 and then find buyers. Near the 103.00 level, we also have the 100-day Exponential Moving...

EUR/USD and GBP/USD Forecast — October 26th 2016

Wed, 26 Oct 2016 9:50

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the October 26th session. EUR/USD — As you can see, we have fallen a bit, but bounced enough to form a bit of a hammer. It looks like we are going to probably continue to bounce. But really, at this point, I feel that any short-term trades to the upside will be short lived, as we are in a massive...

Daily Forex News and Analysis — October 26th 2016

Wed, 26 Oct 2016 9:12

Wall Street finished in the red as the reporting season continues to take the focus of investors. The Dow Jones fell by 0.30% and the NASDAQ lost 0.50% from its value. The US dollar traded mixed against the other major currencies, with the CB Consumer Confidence coming out less than expected at 98.6 vs. 101.5 forecast, while the HPI report came out better than expected at 0.7% vs. 0.5%. Today, the ...