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. 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.

Getting into Forex trading is easy:

1. Start with our free Forex course.
2. Open an account with a broker.
3. Learn from other traders at the forum.

Latest in Forex

  • Merry Balti from Finland writes about ForexChief:

    What they offer is exactly what is written in their website. I have noticed the spreads are even lower. There have been a couple of platform freezing when there is important economic news update. Still, my overall experience with the broker is positi...

  • Anna from Ukraine, Lviv writes about IFC Markets:

    As many of us I have traded with several companies and there is something I noticed:

    Info on official website not always represent the facts!!! It just makes me crazy every time.

    And there is why I am writing my first review about any broker:


  • Armend from Azerbaijan writes about Coinexx:

    After a long time, i have found a broker that has been consistently delivering superb trading conditions. Platform execution & stability is superb, spreads are narrow & cryptos on MT4 makes them a broker worth trading with. Deposit/withdrawals are on...

  • BOBI from Ukraine writes about Forex Optimum:

    I practiced the strategies on the demo account, like everyone else. After opening a real account, I didn't notice any differences. In General, the speed of execution is excellent. One of the unpleasant things for newbies might be quite a big threshol...

Forex Blog

EUR/USD in Short-Term Symmetrical Triangle on Daily

Sun, 9 Dec 2018 16:50

The previous EUR/USD symmetrical triangle formation was a long-term one — it lasted through the entire summer of 2018. The current one is a short-term one, having started just a month ago. Although the previous pattern failed as a trade, the currency pair indeed continued its downward trend. The current...

Forex Brokers Update — December 9th, 2018

Sun, 9 Dec 2018 16:20

This week, there were no new Forex brokers to report on, but some of the old companies have been updated: RoboForex no longer offers Pro-ECN account type. Trader's Way now offers MT5 ECN accounts. FXCM now has agriculture CFDs available for trading (wheat and corn)....

Weekly Forex Technical Analysis (Dec 10 — Dec 14)

Sat, 8 Dec 2018 9:50


Floor pivot points

3rd Sup2nd Sup1st SupPivot1st Res2nd Res3rd Res
1.1217 1.1264 1.1330 1.1377 1.1443 1.1490 1.1556

Woodie's pivot points

2nd Sup1st SupPivot1st Res2nd Res
1.1269 1.1340 1.1382 1.1453

Forex News

Canadian Dollar Ends Week Lower on Risk Aversion, Falling Oil Prices

Canadian Dollar Ends Week Lower on Risk Aversion, Falling Oil Prices

Sat, 8 Dec 2018 17:09

The Canadian dollar ended the week lower, joining other commodity currencies in decline. The main theme of the week was risk aversion on the Forex markets, which made safer currencies the strongest, while hurting riskier currencies related to raw materials and growth.

US Dollar Falls on Weak Jobs Report, Capped by Strong Consumer Sentiment

US Dollar Falls on Weak Jobs Report, Capped by Strong Consumer Sentiment

Fri, 7 Dec 2018 15:46

The US dollar is tumbling at the end of the trading week as a new jobs report was weaker than expected. The greenback’s losses were capped on a new survey that found consumer sentiment remains strong. With the equities markets in shambles, and the Federal Reserve behaving in a dovish manner, it is possible that the buck’s 2018 ascent may crumble heading into 2019.

Canadian Dollar Rallies on Upbeat Canadian Jobs Data Amid Weak NFP Data

Canadian Dollar Rallies on Upbeat Canadian Jobs Data Amid Weak NFP Data

Fri, 7 Dec 2018 15:29

The Canadian dollar today rallied higher against its US counterpart following the release of upbeat Canadian jobs data, versus the disappointing US nonfarm payrolls data. The USD/CAD dropped to new weekly lows on the jobs data as well as the higher global crude oil prices, which also favored the loonie.

Commodity Blog

Symmetrical Triangle on H4 Chart of Natural Gas

Sun, 9 Dec 2018 16:00

A symmetrical triangle pattern has formed on the 4-hour chart of natural gas. Being a continuation pattern, it suggests that prices will likely continue to go...

Commodities Technical Analysis, December 10th — December 14th

Sun, 9 Dec 2018 10:18

The technical analysis, that includes the indicators’ data and major pivot points for WTI Oil, Gold, Silver, Copper, and Natural Gas in continous charts as of December 9th,...

Natural Gas Surges as US Posts Steep Weekly Supply Drop

Fri, 7 Dec 2018 16:08

Natural gas futures climbed more than 3% at the end of the trading week as the US government reported a bigger-than-expected weekly decline in domestic inventories. Natural...

Forex Video Zone

What Is Multiple Timeframe Analysis in Forex?

Sun, 9 Dec 2018 8:57

In this video, you will learn about multiple timeframe analysis in forex trading. Multiple timeframe analysis helps you to identify the market direction by comparing higher and lower timeframes for a currency pair. Instead of entering on a higher timeframe, you can use a smaller timeframe to take a trade, to minimize risk, and use a smaller stop-loss. You can use timeframes like the 15-min, 1-hour, 4-hour, and the daily. You can use the larger...

Fatal Mistakes of System Hopping: Risks and Consequences

Fri, 7 Dec 2018 14:48

In this video, you will understand what system hopping is. Those who are new to forex trading, use a trading system using a demo account, without fully understanding it. They are happy as long as they make profits. But when they make a loss, they regret the system, and go for another one. They keep doing this for a long time searching for a holy ...

How to Draw Trend Line Forex Strategy Correctly?

Fri, 7 Dec 2018 14:41

In this video, you will learn how to draw and trade using trend lines. Trend lines give you a better visual representation of an existing downtrend. You don't need great skills to draw them. Draw them by connecting the lows for an uptrend and connect the highs for a downtrend. It is not important if you use the body of the candlestick or the wicks. Use two consecutive lows or highs. As the trend progresses, you will...