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

Forex Brokers Update — September 23rd, 2018

Sun, 23 Sep 2018 12:18

There were no new additions to the list of FX brokers on EarnForex.com 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

EUR/USD

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
...

EUR/USD Rallies, Keeps Gains After Positive US Macroeconomic Releases

Thu, 20 Sep 2018 15:18

EUR/USD was rising during the Thursday's trading session. While the currency has halted its rise following the release of mostly positive macroeconomic data in the United States, it managed to keep most of its gains. Philly Fed manufacturing index climbed from 11.9 to 22.9 in September, above the average...

Forex News

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.

US Dollar Extends Losing Skid Ahead of Federal Reserve Policy Meeting

US Dollar Extends Losing Skid Ahead of Federal Reserve Policy Meeting

Mon, 24 Sep 2018 19:51

The US dollar erased its early gains and extended its two-week losing skid on Monday. As investors braced for the Federal Reserve’s two-day policy meeting and read reports that China canceled trade talks with the US, the greenback dipped against a basket of currencies.

Britain's Pound Recovers on Brexit Hopes

Britain's Pound Recovers on Brexit Hopes

Mon, 24 Sep 2018 10:49

The Great Britain pound recovered a bit today following the big slump on Friday. The main driver for the currency was the Brexit news.

Commodity Blog

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....

Commodities Technical Analysis, September 24th — September 28th

Sun, 23 Sep 2018 10:17

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 September 23rd,...

Forex Video Zone

USD/JPY and AUD/USD Forecast — September 24th 2018

Mon, 24 Sep 2018 16:14

In this video, the Trader Guy looks at the currency pairs USD/JPY and AUD/USD for the September 24th session. USD/JPY — The market made some interesting move on Friday session. As you can see on the daily chart, the pair formed a shooting star candlestick, right at this symmetric triangle pattern. This is a bearish sign. So, a pullback is expected towards the 112.00 level. In case the market breaks above the top of this...

Support and Resistance — Price Channel

Mon, 24 Sep 2018 16:07

Trendlines are drawn using a single line. However, channels comprise of two lines which are drawn parallel, whether it is a rising, falling trend, or a trading range. Channels provide us with the upper and lower boundaries of a trading range in order to find suitable entry and exit points. Ascending channels captures the slope and price range for an uptrend. Descending channel tells us about the slope and price range of a downtrend. A flat...

The Best Candlestick Patterns in Forex Trading for Beginners (Part 5)

Mon, 24 Sep 2018 15:34

This video is part 5 in the series. In this video, you will learn about 2 important candlestick patterns. If you want to learn the basics of candlestick charts, please see the part 4 of this series.

Hammer:

This pattern appears at the bottom of a downtrend. A hammer candlestick is characterized by a small body and a lower wick, which is 3 times the size of the actual body. Initially, the bears are in control, pushing...