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

Forex Blog

EUR/USD Rises During Tuesday's Trading

Tue, 25 Sep 2018 20:18

EUR/USD rose on Tuesday. US macroeconomic data was mostly good, with the exception of the housing report, but that did not prevent the rally of the currency. S&P/Case-Shiller home price index rose 5.9% in July, year-on-year. That is compared to the predicted increase of 6.2% and the growth by 6.4% registered in June....

Forex Brokers Update — September 23rd, 2018

Sun, 23 Sep 2018 12:18

There were no new additions to the list of FX brokers on this week. The updates below have been applied to the listed companies: NordFX launched a crypto-trading account. Now offers PAMM service. ADS Prime reduced the minimum account size for ECN from $5,000 to $200. ActivTrades is no...

Weekly Forex Technical Analysis (Sep 24 — Sep 28)

Sat, 22 Sep 2018 9:55


Floor pivot points

3rd Sup2nd Sup1st SupPivot1st Res2nd Res3rd Res
1.1462 1.1540 1.1647 1.1725 1.1832 1.1909 1.2016

Woodie's pivot points

2nd Sup1st SupPivot1st Res2nd Res
1.1547 1.1661 1.1732 1.1846

Forex News

Chinese Yuan Strengthens on Bullish Forecast, Capped by Trade Dispute

Chinese Yuan Strengthens on Bullish Forecast, Capped by Trade Dispute

Tue, 25 Sep 2018 16:13

The Chinese yuan is strengthening on Tuesday after a Wall Street giant forecast that the world’s second largest economy will soon become the biggest economy in the world by 2030. The currency’s gains were capped on the intensifying trade dispute between Beijing and Washington, as well as a report that China may scrap a popular home pre-sale system.

Yen Weak After BoJ Minutes, Positive Data Doesn't Help

Yen Weak After BoJ Minutes, Positive Data Doesn't Help

Tue, 25 Sep 2018 12:37

The Japanese yen was generally weak today following the release of monetary policy minutes. Positive macroeconomic data did not help the currency.

Euro Surges After German Business Climate, Draghi's Comments

Euro Surges After German Business Climate, Draghi's Comments

Mon, 24 Sep 2018 21:26

The euro edged up today after the better-than-expected German business climate print and rose further sharply following comments from European Central Bank President Mario Draghi. As of now, the currency has lost its gains versus the US dollar, trimmed them against the Japanese yen, but kept them against the Swiss franc.

Commodity Blog

Copper Stumbles From 10-Week High Amid Trade Spat, China’s Pre-Sale System

Tue, 25 Sep 2018 15:39

Copper futures are reversing course on Tuesday after hitting a 10-week high to kick off the trading week. Copper prices...

Gold Struggles to Find Direction on Dollar Weakness, Rosenstein Reports

Mon, 24 Sep 2018 18:55

Gold futures are struggling to find direction to start the trading week. The yellow metal has been seesawing back and forth on a weakening greenback, reports of Deputy...

Bitcoin Price Drops as Grupo XP Plans to Launch Bitcoin Trading Platform

Mon, 24 Sep 2018 12:33

Brazil's biggest independent brokerage, Grupo XP is planning to launch Bitcoin and Ethereum trading platform before the end of 2018....

Forex Video Zone

Daily Market Roundup — September 25th 2018

Tue, 25 Sep 2018 11:18

The greenback is strengthening since the beginning of this week. However, the Japanese yen and the Australian dollar look weak. As you can see on the daily chart, the EUR/USD pair is trading in a bullish channel. The resistance levels are 1.1875, 1.1897, and 1.1937. The support levels are 1.1732, 1.1659, and 1.1609. The USD/JPY chair is in an uptrend and trading within an ascending channel. It looks like this pair will test the resistance...

FOMC Assembling for Policy Meeting

Tue, 25 Sep 2018 10:14

As a Fed meeting scheduled for tomorrow, it provided support for the US dollar index. Market participants anticipate a rate hike from the Federal Reserve. With the ongoing trade war and trade negotiations between the US and China, the investors have chosen to take a careful approach to trading in the markets, when it comes to taking long positions in the greenback. Due to the punishing trade tariffs from the US, China has called off...

Support and Resistance — Moving Average

Tue, 25 Sep 2018 9:53

Moving average is a technical indicator to observe support and resistance. They are a lot similar to trendlines and channels. But they help identify the direction of the trend a lot clearer. Also, they show the  strength of the trend. By adding a combination of moving averages like 50-period, 100-period, and 200-period, we can identify a long-term trend and the strength of the trend. Moving averages in addition to other indicators like MACD and RSI provide great...