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

  • Papaye from France writes about JustForex:

    I trade with this broker for two weeks, because I was so disappointed with Tickmill who is a bad market maker...

    JustForex is a real NDD broker, it is secure to trade with them like JFD Brokers. VERY good execution, no requote, and they don't trade ...

  • Jan Daley Katz from UK writes about Admiral Markets:

    The world's quite full of Forex brokers and most of them aren't even that different. The terms, the service, even the way they conduct themselves. That's what made me interested in Admiral Markets. From their newsletter to articles etc., I could feel...

  • Dexter Colby from USA writes about FXGlobe:

    On February 13, 2017 I deposited $250 with the FXGlobe, not realizing they don't accept U.S. traders. After learning that, I wanted to cancel the deal, but they kept the money anyway.

  • Mix writes about Forex Optimum:

    I have only the most pleasant impressions about this broker, especially the fast support. The thing is, I'm new to forex, so I had a ton of questions, about trading and about the broker itself, they helped me understand everything, which I'm really g...

Forex Blog

GBP/JPY — Another Pound Pair Consolidates in Symmetrical Triangle

Sun, 19 Feb 2017 15:13

I have already written about a symmetrical triangle on GBP/CHF weekly chart 2 weeks ago. Today, you can see a similar pattern but with a different trend direction on the daily chart of the pound/yen pair. This consolidation finishes off the uptrend that lasted from October through mid-December and offers...

Forex Brokers Update — February 19th, 2017

Sun, 19 Feb 2017 10:33

One new Forex trading company has been added to the list of brokers at during the week: TryMarkets — a brand new offshore Forex broker registered in Belize but with offices in the UAE and the UK. It is a generic MT4 brokerage with rather low fixed spreads on currency pairs. Some...

Weekly Forex Technical Analysis (Feb 20 — Feb 24)

Sat, 18 Feb 2017 9:28


Floor pivot points

3rd Sup2nd Sup1st SupPivot1st Res2nd Res3rd Res
1.0367 1.0444 1.0525 1.0602 1.0683 1.0760 1.0841

Woodie's pivot points

2nd Sup1st SupPivot1st Res2nd Res
1.0445 1.0527 1.0603 1.0685

Forex News

Japanese Yen Shows No Discernible Trend After Mixed Data

Japanese Yen Shows No Discernible Trend After Mixed Data

Tue, 21 Feb 2017 12:19

The Japanese yen demonstrated a mixed performance today, rising against some currencies and falling against others, after the release of macroeconomic data, which was mixed as well.

Aussie Falls vs. Greenback, Posts Gains vs. Other Rivals After RBA Minutes

Aussie Falls vs. Greenback, Posts Gains vs. Other Rivals After RBA Minutes

Tue, 21 Feb 2017 11:31

The Australian dollar fell against its US counterpart but logged moderate gains against other most-traded rivals after the Reserve Bank of Australia released relatively upbeat minutes of the February policy meeting.

Canadian Dollar Steadies as Wholesale Trade Exceeds Forecasts

Canadian Dollar Steadies as Wholesale Trade Exceeds Forecasts

Mon, 20 Feb 2017 21:14

The Canadian dollar traded within a tight range against its US counterpart on Monday, following a week that was void of any big events. The Canadian currency was supported by wholesale trade growth data today, but it failed to gain any steady momentum.

Commodity Blog

Crude Oil Posts Limited Gains as Fundamentals Remain Confusing

Mon, 20 Feb 2017 17:36

Prices for crude oil edged higher today, but gains were somewhat limited amid confusing fundamentals. On one hand, productions cuts from...

Commodities Technical Analysis, February 20th — February 24th

Sun, 19 Feb 2017 9:33

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 February 19th, 2017:...

Crude Oil Flat amid Clashing Fundamentals

Fri, 17 Feb 2017 21:32

Crude oil was trading in a narrow range on Friday, heading to settle basically flat (though currently crude is trying to carve out small gains),...

Forex Video Zone

Daily Forex News and Analysis — February 21st 2017

Tue, 21 Feb 2017 13:01

The market was closed due to the Presidents' Day, yesterday. On Friday, the Dow Jones rose by 0.02% and the NASDAQ added 0.41% to its value. The US dollar traded lower against most major currencies as trading volumes remain thin on Monday with US markets closed for the Presidents' Day. Later today, FOMC member Harker is expected to speak about the US economic outlook. Gold finished higher on Monday, closing at $1,237 an ounce....

EUR/USD Gives Up to Bearish Trend

Tue, 21 Feb 2017 12:28

The US dollar rally against its major counterparts is gaining momentum. Today, the EUR/USD pair hits new lows. The euro gradually weakens against the US dollar. Now the pair is trading at 1.0545. The euro failed to recover even after publication of preliminary macroeconomic statistics, which indicated a favorable economic environment in the Eurozone. Now it is time to pay attention to Germany's Manufacturing PMI. According to preliminary data, the Manufacturing...

Oil Takes Breath of Fresh Air

Mon, 20 Feb 2017 15:30

The dollar's rise is limited in a dull trading as Presidents' Day is celebrated in the United States today. Thanks to that major opponents of the American currency are gaining ground. In particular, the oil market is trading upwards. At the same time, investors paid little attention to the report on oil rig count from Baker Hughes which was published on Friday. Baker Hughes reported that the number of active drilling rigs in the United...