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

  • Dai Duong from Ho Chi Minh writes about LMFX:

    I started trading with LMFX from end of 2016, I did try demo for 1-2 months before trading live. I noticed this broker through a promotion on my forex forums with Phone bonus that was very easy to acquire. Starting from Feb this year, I decided to de...

  • Teodor from Portugal writes about Trade12:

    I also would like to share my opinion of Trade12.

    One guy suggested this broker to me when i as looking for an ecn broker provider. At first i was unsure if i will open an account because there were bad reviews. I was really interested so i email...

  • Nasrin Sultana from Bangladesh writes about Fort Financial Services:

    Fort financial services is an excellent forex broker who is offering a usd 5 no deposit bonus. You can register and get the bonus after your account is verified. Verification is also easy and fast. Then you can withdraw maximum of usd 50 after tradin...

  • Gary from London writes about PaxForex:

    Dear Spasoje Kulasevic,

    We are sorry to hear about your lost.

    We appreciate all fair and trustworthy feedbacks about our trading services.

    We have checked your account history of July 5th,2017 and found Gold Sell positions which were held for ...

Forex Blog

Forex Brokers Update — October 22nd, 2017

Sun, 22 Oct 2017 10:19

We have listed one new broker during the week that is ending today: ForexGrand — an unregulated Forex broker with CFD and currencies trading via MT4 platform. The minimum account size is $250 with 1:300 maximum leverage. Other updates include: ...

Weekly Forex Technical Analysis (Oct 23 — Oct 27)

Sat, 21 Oct 2017 9:16


Floor pivot points

3rd Sup2nd Sup1st SupPivot1st Res2nd Res3rd Res
1.1594 1.1662 1.1721 1.1790 1.1849 1.1918 1.1977

Woodie's pivot points

2nd Sup1st SupPivot1st Res2nd Res
1.1660 1.1717 1.1788 1.1845

EUR/USD Drops After Senate Passes Budget Draft

Fri, 20 Oct 2017 22:40

EUR/USD dropped today as US Senate approved a budget blueprint that should pave the way for tax cuts promised by US President Donald Trump in his election campaign. Positive macroeconomic data released in the United States over the Friday's session also dragged the currency pair down. Existing home sales rose...

Forex News

China's Central Bank Sets Reference Rate for Yuan Lower

China's Central Bank Sets Reference Rate for Yuan Lower

Mon, 23 Oct 2017 14:00

The Chinese yuan fell today as the People's Bank of China set the daily fixing weaker.

Japanese Yen Opens Sharply Lower After Abe Secures Power

Japanese Yen Opens Sharply Lower After Abe Secures Power

Mon, 23 Oct 2017 13:42

The Japanese yen opened sharply lower today after the ruling coalition won the snap general election over the weekend, preserving status quo and making it sure that the current ultra-loose monetary policy stays in place.

Euro Forecast: Markets Wait for ECB Policy Decision

Euro Forecast: Markets Wait for ECB Policy Decision

Mon, 23 Oct 2017 5:14

Several central banks will make their policy decisions this week, but the European Central Bank will take the center stage as it should announce changes to its extraordinary stimulus program.

Commodity Blog

Bitcoin Almost Back to $6,000 After Monstrous Dip, Bitcoin Gold Support, and the SegWit2x Fork

Mon, 23 Oct 2017 21:02

Bitcoin has had a vibrant week, which began with a vicious but prompt plunge to the $5,101 weekly low. This was soon followed by a rebound...

Gold Prices Mixed, Hit Two-Week Low on Stronger US Dollar

Mon, 23 Oct 2017 16:27

Gold futures are mixed and have hit their lowest levels since the beginning of the month. The yellow metal is...

Gold Poised for Worst Weekly Performance in October

Fri, 20 Oct 2017 15:19

Gold futures are tumbling at the end of the trading week as the yellow metal is poised for its worst weekly performance this month. Gold prices are...

Forex Video Zone

WTI Crude Oil and Natural Gas Forecast — October 23rd 2017

Mon, 23 Oct 2017 15:14

In this video, the Trader Guy looks at commodities Crude Oil and Natural Gas for the October 23rd session. WTI Crude Oil — As you can see, we pulled back a little bit, bounced enough to form a hammer. It looks likely that we are going to continue to see a lot of noise. The area above $52.50 continues to be resistance. If we can break above this area,...

Crude Oil Is on Winning Streak

Mon, 23 Oct 2017 15:00

Geopolitical developments have a posiitve effect on oil prices. Participants of oil market focus on the tensions in the Middle East. Last week experts suggested that tensions in Iraq will ease as the authorities of the country took control over Kirkuk, the city where one of the world's biggest oil and gas fileds in located. The Brent Crude Benchmark is trading near $58 per barrel today. Besides, the news about the OPEC members fulfilling...

USD/JPY Hits Highs After Shinzo Abe's Victory

Mon, 23 Oct 2017 13:23

The greenback skyrocketed against the Japanese yen during the Asian session. The USD/JPY pair hit 3-month peak today, touching the level of 114.00. Asian traders started to buy the American dollar after Shinzo Abe had won the election. Abe's victory signaled that ultra loose monetary policy will remain unchanged. The Japanese Prime Minister is expected to stay in power until 2021. Meanwhile, the US dollar index is trading...