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

  • Mikolaj from Poland writes about SuperForex:

    I trade with this broker 9 months because of their low spreads, fast execution and other good trading conditions. I have not tried any other one before to compare or judge Superforex well, but I would like to tell that they deserve my respect, I have...

  • Richard from South Africa writes about AvaTrade:

    I got a bonus from their ----- campaign and it definitely paid off! I started with $150 deposit and I surpassed the $1,000 not too long after. Emma, my account manager, is really great! She really knows her stuff, and helped me and guided me all alon...

  • Jerome from France writes about GAINSY:

    Recently I began trading on this platform, just two months. I was attracted by trading conditions and I decided to try starting from $ 500. Please note that the currency is not much, but there are most popular, which is in principle sufficient. In ge...

  • john from UK writes about AvaTrade:

    As an experienced trader, I would highly recommend to any person who likes to trade forex or CFDs, to look into "Avatrade". It’s a good and reliable company, with decent spreads and relatively good service. I don’t know why it’s not ranked high in th...

Forex Blog

Forex Brokers Update — February 26th, 2017

Sun, 26 Feb 2017 19:07

One new company has been added to the list of brokers on during the week that ends today: CMS Trader — a suspiciously looking unregulated Forex broker with $500 minimum account size and 1:400 maximum leverage. The only trading platform it offers is Sirix Station. The changes to the listed...

Weekly Forex Technical Analysis (Feb 27 — Mar 3)

Sat, 25 Feb 2017 9:19


Floor pivot points

3rd Sup2nd Sup1st SupPivot1st Res2nd Res3rd Res
1.0346 1.0420 1.0486 1.0559 1.0625 1.0698 1.0764

Woodie's pivot points

2nd Sup1st SupPivot1st Res2nd Res
1.0418 1.0482 1.0557 1.0621

EUR/USD Fails to Rally on Disappointing US Housing Data

Fri, 24 Feb 2017 16:23

EUR/USD rallied today but has lost all its gains by now. The currency pair attempted to rally after the US new home sales missed expectations, but the rally was extremely short-lived. New home sales were at the seasonally adjusted annual rate of 555k in January. The reading was higher...

Forex News

Dollar's Performance Lukewarm During Trading Week

Dollar's Performance Lukewarm During Trading Week

Sat, 25 Feb 2017 11:22

The US dollar demonstrated a tepid performance during the past trading week, rising against the euro, falling versus the Japanese yen, and the week close to the opening level against most other major currencies.

Canadian Dollar Edges Higher Against US Counterpart on Strong Inflation Data

Canadian Dollar Edges Higher Against US Counterpart on Strong Inflation Data

Fri, 24 Feb 2017 19:10

The Canadian dollar moved higher against its US counterpart on Friday, following fresh data that revealed that Canada’s inflation improved to a healthier level. However, the loonie’s gains against the greenback were limited as new home sales improved in the United States, which supported the US dollar.

US Dollar Rallies Briefly After Release of Home Sales Data, Later Retraces Gains

US Dollar Rallies Briefly After Release of Home Sales Data, Later Retraces Gains

Fri, 24 Feb 2017 18:25

The US dollar rallied briefly against its main competitors after the release of new homes sales data for the month of January as reported by the Census Bureau. The greenback's brief rally was also supported by the release of a positive consumer confidence index report for February as tracked by the University of Michigan.

Commodity Blog

Commodities Technical Analysis, February 27th — March 3rd

Sun, 26 Feb 2017 9:34

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 26th, 2017:...

Bitcoin Price Reaches New Record High, Surpasses 2013 Strongest Level

Fri, 24 Feb 2017 18:41

The price of Bitcoin surged on Friday, to touch a new record for the first time in more than three years. Today’s gains stemmed from speculation that the US...

Gold Posts Fourth Straight Weekly Gain

Fri, 24 Feb 2017 17:47

Gold prices are climbing on the final trading day of the week, and are set to posted their fourth consecutive weekly gain. Amid US and European political...

Forex Video Zone

Fibonacci Retracements — Fibs Within Fibs — Forex Trading

Sun, 26 Feb 2017 15:01

Why do we study multiple timeframes before choosing a trade regardless of whether we trade from hourly, 4-hour, daily, and weekly charts? It is useful to view charts with the same indicators in longer and shorter timeframes. The goal of this exercise is to find support and resistance points you would not otherwise see in your main timeframe. Once you are aware of these shorter and longer term support...

Daily Forex News and Analysis — February 26th 2017

Sun, 26 Feb 2017 14:10

The EUR/USD pair decreased in value by  0.18%, closing the week at 1.0563. The GBP/USD pair went down by 0.75%, closing the week at a 1.2462 exchange rate. Several Wall Street banks have begun to warn their clients that the US Federal Reserve may increase interest rates relatively soon. Officials with the Fed also stated that they may gradually raise rates in order to avoid high levels of inflation...

Gold Trading Higher

Fri, 24 Feb 2017 16:16

The Gold quote has made use of the weak greenback and headed towards highs. The yellow precious metal is trading at $1,255.02 a troy ounce. Gold is climbing higher as the US dollar has retreated. Investors shifted their attention to Gold purchases instead of crude futures. The Brent Crude Benchmark is worth $56.22 a barrel. Analysts point out that oil prices are correcting lower after an advance on Thursday....