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

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    I have been trading FX for 5 years and Synergy Fx has been in my top 3 choices. After reading various reviews and word of mouth I decided to test Synergy 3 years ago.

    My Account manager always responds to me in a manner time on all my request- eve...

Forex Blog

EUR/USD Surges After Speech of ECB President

Tue, 27 Jun 2017 15:18

EUR/USD surged today after the speech of Mario Draghi, President of the European Central Bank. (Event A on the chart.) Markets considered his comments to be hawkish, that is why the currency pair reacted positively. Good US macroeconomic indicators halted the rally, but EUR/USD was still hanging near the day's...

USD/CAD in Ascending Channel on H4

Sun, 25 Jun 2017 19:07

After falling to its June 14 low, the USD/CAD currency pair began rising slowly, forming a perfect ascending channel pattern on its four-hour chart. A bearish breakout from this pattern would imply a continuation of the previous strong downtrend of the US dollar against the loonie. The channel is marked with the yellow...

USD/JPY Consolidates in Bullish Pennant After Rally

Sun, 25 Jun 2017 15:40

A rather rough bullish pennant pattern has formed on the 4-hour chart of the USD/JPY currency pair. The pair's rally started on June 14 following a new monthly low. It has managed to set up a new higher high and then entered a consolidation that seems like a valid bullish pennant formation, which...

Forex News

British Pound Climbs as Carney Says Bank of England May Discuss Higher Rates Soon

British Pound Climbs as Carney Says Bank of England May Discuss Higher Rates Soon

Wed, 28 Jun 2017 15:47

The British pound surged against most of its major peers on Wednesday, reaching the highest level against the US dollar since June 8. The British currency rose following bullish comments from Bank of England Governor Mark Carney this afternoon, which took the market by surprise.

US Dollar Plummets Against Euro to Lowest Level Since August Despite Positive Data

US Dollar Plummets Against Euro to Lowest Level Since August Despite Positive Data

Tue, 27 Jun 2017 19:17

The US dollar plummeted against the euro to the lowest level since August 2016, despite a strong reading for consumer confidence that was published earlier today. Traders’ appetite for the greenback deteriorated in the wake of a speech by European Central Bank President Mario Draghi, which raised confidence in the euro zone’s economic recovery and supported the shared currency.

Canadian Dollar Mixed During Tuesday's Trading

Canadian Dollar Mixed During Tuesday's Trading

Tue, 27 Jun 2017 18:54

The Canadian dollar was mixed today, rising versus the US dollar and the Japanese yen, but falling against the euro and the Swiss franc.

Commodity Blog

Oil Rallies Again as US Crude Output Declines

Wed, 28 Jun 2017 16:45

Oil futures are rallying for the fifth straight session on Wednesday as government data show a decline in US crude output and a bigger-than-expected drop in US gas...

Dollar's Weakness Benefits Gold & Silver

Tue, 27 Jun 2017 21:14

Gold and silver rally today on the back of the dollar's weakness. The rally was limited, though. There were several key reasons for the greenback's drop. The first one...

Crude Oil Rallies amid Unfavorable Fundamentals

Tue, 27 Jun 2017 18:09

Crude oil rallied today, gaining more than 1%, even as fundamentals did not look particularly supportive for the commodity. The possible reason for the rally was...

Forex Video Zone

WTI Crude Oil and Natural Gas Forecast — June 28th 2017

Wed, 28 Jun 2017 9:35

In this video, the Trader Guy looks at commodities Crude Oil and Natural Gas for the June 28th session. WTI Crude Oil — As you can see on the daily chart, we tried to rally and we did gain quite a bit during the day, but the $45 level above looms large just as the 50-day Exponential Moving Average does. Any signs of exhaustion, give us an opportunity to start shorting again and that...

USD/JPY and AUD/USD Forecast — June 28th 2017

Wed, 28 Jun 2017 9:20

In this video, the Trader Guy looks at the currency pairs USD/JPY and AUD/USD for the June 28th session. USD/JPY — As you can see, we went back and forth during the day breaking above the 112.00 level. That is a very bullish sign and if we can break above the top of the candle, I think the market should then go to the 114.00 level. There is a lot of volatility, but ultimately pay attention to risk-on...

EUR/USD and GBP/USD Forecast — June 28th 2017

Wed, 28 Jun 2017 9:01

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the June 28th session. EUR/USD — As you can see on the daily chart, we have broken out to the upside significantly above the 1.13 level. And that should send this market to the 1.14 level and then eventually to the 1.15 level, the top of the 3-year consolidation. This is a very impulsive candle and should have some follow through. I believe a pullback to the 1.13...