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

  • David smith from United States writes about Trade12:

    I was surprised to see so much of negative comments. It's over 2 years since i am trading with them & so far everything went smooth. There were some server issues which propped up during this period which affected my trades but all were compensated b...

  • Scharz from Switzerland writes about Bolmax Management:

    From the very first experience, I liked attitude of the company to me, their support was so much helpful so their assistance was really very impressive. But after I made profit almost as much as I deposited, execution became slowlier and opening pric...

  • George Finch from Estonia, Tallinn writes about Admiral Markets:

    I'm a complete newbie when it comes to trading, so take everything with a grain of salt. Admiral Markets wasn't my first option, but I decided to try them out after reading some of the reviews (hence why I'm writing here as well). The experience was ...

  • Paul Finn from Austria writes about Trade12:

    I have traded with Trade12 more than 2 years. Really its a fine brokerage. I have many joy wins and sad losses with Trade12, but its all by my learning times in Forex. So its not Trade12 fault. I change broker again again up to 10. Finally my mind sa...

Forex Blog

Worst Forex Indicator/Tool Ever

Mon, 24 Apr 2017 8:33

Each trader has his or her own best trading tool — be it a simple moving average or a complex system that combines volume, market sentiment indicators, and Elliott Wave count done on Fibonacci numbers. It seems that Forex traders favor the simpler methods. The more straightforward the indicator...

Forex Brokers Update — April 23rd, 2017

Sun, 23 Apr 2017 19:43

There were no new brokers this week, but we have some updates to report: Whaleclub now accepts deposits and withdrawal requests in Dash cryptocurrency. IFC Markets is now regulated by CySEC. Added rebates and updated VIP conditions. JFD Brokers now works with...

Weekly Forex Technical Analysis (Apr 24 — Apr 28)

Sat, 22 Apr 2017 9:30

EUR/USD

Floor pivot points

3rd Sup2nd Sup1st SupPivot1st Res2nd Res3rd Res
1.0452 1.0527 1.0627 1.0702 1.0802 1.0877 1.0977

Woodie's pivot points

2nd Sup1st SupPivot1st Res2nd Res
1.0533 1.0639 1.0708 1.0814
...

Forex News

Canadian Dollar Erases Early Gains as Lower Oil Prices Outweigh Wholesale Data

Canadian Dollar Erases Early Gains as Lower Oil Prices Outweigh Wholesale Data

Mon, 24 Apr 2017 19:07

The Canadian dollar gave up all of the gains it had achieved against its main counterparts earlier on Monday, following a drop in oil prices that weighed on the loonie. Canadian economic data was supportive of the currency today as wholesale sales were better than expected in February, but the positive data was overshadowed by concerns about a global crude oil supply glut.

Yen Soft as Fears Abate After French Elections

Yen Soft as Fears Abate After French Elections

Mon, 24 Apr 2017 14:31

The Japanese yen was soft today after the outcome of the French Presidential elections eased fears on markets. While the currency traded above the Monday's opening, it was still far below the Friday's close.

EUR/USD Retreats from 5-Month High After French Election

EUR/USD Retreats from 5-Month High After French Election

Mon, 24 Apr 2017 12:26

The euro retreated from the opening levels today, but that was after opening sharply higher following the French Presidential election over the weekend. In fact, EUR/USD opened at the highest level since November.

Commodity Blog

Gold Plummets on French Election Fallout

Mon, 24 Apr 2017 16:55

Gold is slipping to kick off the trading week on the fallout of Sunday’s French presidential election. The market is emitting a sigh of relief on Monday after National...

Commodities Technical Analysis, April 24th — April 28th

Sun, 23 Apr 2017 9:39

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 April 23rd, 2017:...

Bitcoin Price Surges Above $1,240 as Bitfinex Wire Transfer Problems Increase

Fri, 21 Apr 2017 23:43

Prices of Bitcoin surged on Friday, as exchanges of the virtual currency attempted to reduce the price gap with Bitfinex, one of the largest Bitcoin exchanges in the world. Bitfinex,...

Forex Video Zone

What Is Scalping — Short Term Forex Trading Strategy?

Mon, 24 Apr 2017 17:35

Many novice forex traders find scalping to be a great technique. Scalping is a very low risk strategy, but nevertheless allows a strong trader to make enormous profits. This trading strategy requires great amount of patience and awareness and although it is low risk, it is still very hard for novice traders to profit from it. Emotions must be set aside as they lead to compulsive actions...

Ruble Hits New Highs Against US Dollar

Mon, 24 Apr 2017 15:53

Trader's risk appetite is gradually recovering. Today, investors focused their attention on the Russian ruble. The USD/RUB pair reached a fresh low of 55.81. Analysts expect the pair to fall even further amid the following factors. First of all, the election in France. Centrist Emmanuel Macron became the leader of the first round of the presidential race. This news relieved the tension over possible France's withdrawal from the European Union. The second...

USD/CAD: Holding Up Well — Forecast — April 24th 2017

Mon, 24 Apr 2017 15:31

In this video, the Trading Central looks at the currency pair USD/CAD for the April 24th session. USD/CAD — Looking at the intraday 30-min chart, we can see that, despite the increased volatility in the forex market this morning, the pair has held up quite well on the upside. The level at 1.3455 continues to be the key support. Intraday technical indicators are not showing increased downward momentum. On the upside, if the pair manages...