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

  • Mesk from Russia writes about Land-FX:

    Hello everybody! I want to tell you that this broker not good at all.

    Firstly everything were ok, but than I had a problem with withdrawing my money. Support said, that thay need five days for approving my request, but two weeks passed from my first...

  • Deril Batson from Netherlands writes about Land-FX:

    I had an issue with land-fx over slippage but when they solved it, there is nothing like that ever since.

  • Karl from Berlin writes about ForexChief:

    My experience with Forexchief is rather a good one. I usually deposit with withdraw in bitcoins all the time. I prefer this option because I hate dealing with other payment systems and the broker honors my request on time.

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  • Marko from Romania writes about IFC Markets:

    Good and reliable company. First of all, I advise to trade with IFC Markets to stock traders. There are many companies introduced. There is also a very interesting thing – PCI method that allows you to increase or decrease volatility by creating your...

Forex Blog

EUR/USD Falls on Wednesday

Wed, 23 Jan 2019 16:34

EUR/USD fell during Wednesday's trading. Analysts pointed at several possible reasons for the drop, including the continuing government shutdown in the United States and cancellation of trade talks between the USA and China scheduled for this week. As for macroeconomic data, the government shutdown means that there will be few reports this week. Richmond ...

Weekly Forex Technical Analysis (Jan 21 — Jan 25, 2019)

Sat, 19 Jan 2019 9:51


Floor pivot points

3rd Sup2nd Sup1st SupPivot1st Res2nd Res3rd Res
1.1179 1.1266 1.1316 1.1403 1.1452 1.1539 1.1589

Woodie's pivot points

2nd Sup1st SupPivot1st Res2nd Res
1.1257 1.1297 1.1393 1.1434

EUR/USD Declines amid Speculations About US Tariffs Rollback

Fri, 18 Jan 2019 19:20

EUR/USD declined today even as the US consumer sentiment worsened significantly this month. Yet the improving industrial production helped the dollar to gain on the euro. Another reason for the dollar's strength was the rumor that the United States are considering lifting tariffs on Chinese imports. Industrial production rose 0.3% in December...

Forex News

Chinese Yuan Rebounds From Two-Week Low As Economic Worries Fade

Chinese Yuan Rebounds From Two-Week Low As Economic Worries Fade

Wed, 23 Jan 2019 19:04

The Chinese yuan is rebounding from a two-week low as economic worries dissipate. The yuan, which was one of the weakest Asian currencies last year, is gaining on reports that the federal government does not want to see it weaken too much should it affect trade negotiations.

Canadian Dollar Declines Against US Dollar on Weak Retail Sales Data

Canadian Dollar Declines Against US Dollar on Weak Retail Sales Data

Wed, 23 Jan 2019 16:09

The Canadian dollar today dropped to new daily lows against its US counterpart following the release of weak Canadian retail sales data. The loonie had made gains against the greenback earlier today as evidenced by the USD/CAD currency pair's decline before retracing all of its gains after the release.

Yen Soft After BoJ Monetary Policy Meeting, Economic Forecast

Yen Soft After BoJ Monetary Policy Meeting, Economic Forecast

Wed, 23 Jan 2019 9:39

The Japanese yen was soft today after the Bank of Japan performed a monetary policy meeting and revised its economic projections. The losses were not particularly big, though.

Commodity Blog

Soybean Gains on Higher Chinese, EU Imports

Wed, 23 Jan 2019 17:58

Soybean futures are rising midweek as the commodity wiped out Tuesday’s losses. One day after it was reported that US-China trade talks...

Crude Drops 2%, Dragged Down by Worsening Market Sentiment

Wed, 23 Jan 2019 0:09

Futures for crude oil fell about 2% on Tuesday as the market sentiment soured. There was a range of factors that led to worsening of the traders' mood. One...

Coffee Futures Fall As Market Braces for Short-Term Slump

Tue, 22 Jan 2019 16:20

Coffee futures are trading lower on Tuesday as a barrage of reports points to one thing: a short-term slump. But this could change as the year progresses,...

Forex Video Zone

EUR/USD and GBP/USD Forecast — January 24th 2019

Thu, 24 Jan 2019 10:10

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the January 24th session. [video]U_95SgK6TIQ[/video]...

What are Further Economic Indicators?

Thu, 24 Jan 2019 9:40

In this video, you will learn about the importance of economic indicators in forex trading. You should wait for the release of reports on unemployment rates, GDP, retail sales, house sales, and trade balance. If they indicate a positive value, then the currency you want to buy will appreciate in value. When unemployment rate increases in a country, then it indicates weak economic growth. The currency will...

Gold Forecast — January 24th 2019

Thu, 24 Jan 2019 8:57

In this video, the Trader Guy looks at the commodity, gold for the January 24th session. Gold/USD — Gold market pulled back a bit on Wednesday similar to what it did on Tuesday. The 20-EMA once again offered support. Also, the 1,280 level below looks supportive. So, the market move to the upside initially towards the 1,300 level, and then towards the 1,400 level. So, gold is looking bullish at the moment....