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

  • Shawn White from Mexico writes about Formax:

    Formax are one of the most professional brokers I have had an account with, execution is excellent, pricing is competitive, deposits and withdrawals are super fast and they have the best customer service I have experienced. Highly recommend!

  • Marco from Italy writes about SuperForex:

    Being a newcomer it was a difficult to begin to trade and difficult to choose the best broker. I just liked their web site and decided to open there my first account. I met here good support, interesting analytics and reviews and good information to...

  • Abdul Samad from malaysia writes about ForexTime (FXTM):

    To begin with, when I trade, the most important thing for me is the trust between a broker and the customer.

    Usually I open a cent account to test out a broker's services. From that perspective, FXTM is quite an interesting broker.

    In January 201...

  • 10Markets writes about 10Markets:

    Dear Mr. Ramon

    We in 10Markets always inspire to give the great customer service to our clients.

    All the messages you left on were answered, moreover, we're constantly in touch with you on Live Chat on an...

Forex Blog

Weekly Forex Technical Analysis (Oct 24 — Oct 28)

Sat, 22 Oct 2016 9:07


Floor pivot points

3rd Sup2nd Sup1st SupPivot1st Res2nd Res3rd Res
1.0629 1.0744 1.0809 1.0924 1.0989 1.1104 1.1168

Woodie's pivot points

2nd Sup1st SupPivot1st Res2nd Res
1.0731 1.0784 1.0911 1.0964

One-Hour Trade Insurance from easyMarkets

Fri, 21 Oct 2016 14:32

Three weeks, a representative from easyMarkets contacted me to ask if I would be interested to test their new intriguing feature called dealCancellation. They provided me with a free live account with $200 in it to explore this trading tool. This week, I have finally got some...

Jobless Data Shakes EUR/USD, Housing Data Lets Dollar Appreciate

Thu, 20 Oct 2016 19:15

EUR/USD posted a significant intraday spike following a disappointing weekly US jobless data report combined with a mixed sentiment indicator. The currency pair rebounded during the next 15 minutes and went into a downtrend for 2 hours more, spurred by the better-than-expected housing data from the United States. Initial jobless ...

Forex News

ECB Policy Statement Leads to Weekly Losses for Euro

ECB Policy Statement Leads to Weekly Losses for Euro

Sat, 22 Oct 2016 13:04

One of the most important events this week was the monetary policy decision from the European Central Bank. While the ECB did not change its policy, the accompanying statement was dovish enough to send the euro crashing down against most other major currencies.

Dollar Rallies Against Rivals During Friday's Trading

Dollar Rallies Against Rivals During Friday's Trading

Fri, 21 Oct 2016 18:25

The US dollar was flat against the Japanese yen but rallied against other most-traded currencies during the Friday's trading session. The major reason for the currency's strength remained the outlook for an interest rate hike in December.

CAD Turns Lower After Data Fails to Reach Consensus Forecast

CAD Turns Lower After Data Fails to Reach Consensus Forecast

Fri, 21 Oct 2016 17:07

The Canadian dollar went down today, falling for the third consecutive trading session against the Japanese yen, after economic reports released by Statistics Canada missed market expectations.

Commodity Blog

Crude Oil Higher as Russia Supports Production Freeze, Struggles to Keep Gains After Rig Count

Fri, 21 Oct 2016 17:55

Crude oil rallied today (though prices for the West Texas Intermediate grade have backed as of now) after Russia confirmed commitment to join production freeze...

Natural Gas Prices Fall to Two-Week Low

Fri, 21 Oct 2016 17:36

Natural gas has had a bad week. After reports of warm autumn days and growing stockpiles that have impacted the market, natural gas prices...

Gold Snaps Three-Day Winning Streak After ECB Announcement

Thu, 20 Oct 2016 17:20

Gold snapped its three-day winning streak on Thursday after the European Central Bank (ECB) left interest rates unchanged and pledged to move ahead...

Forex Video Zone

EUR/USD and GBP/USD Forecast — October 21st 2016

Fri, 21 Oct 2016 15:15

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the October 21st session. EUR/USD — This pair shot higher and did break above the 1.10 level. However, we found enough resistance above to turn the market back around and drive it towards 1.09. With that being the case, if we can break down below here, we could very well go down to 1.05,...

WTI Crude Oil and Natural Gas Forecast — October 21st 2016

Fri, 21 Oct 2016 15:12

In this video, the Trader Guy looks at commodities Crude Oil and Natural Gas for the October 21st session. WTI Crude Oil — Oil did fall during the day, but I think there is a significant amount of support at $50, down to $49. I think it is a zone. So, it is only a matter of time, before the buyers come back and we bounce. I think the bounce is a nice buying opportunity. If...

USD/JPY and AUD/USD Forecast — October 21st 2016

Fri, 21 Oct 2016 14:20

In this video, the Trader Guy looks at the currency pairs USD/JPY and AUD/USD for the October 21st session. USD/JPY — We rallied a little bit and it looks like the 103.00 level continues to be supportive. I think that the 105.00 level above is resistance. So, we continue to bang around here, trying to build up momentum to break above the 107.00 level. A breakdown below 103.00 could offer quite a bit of support...