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

  • Teodor from Portugal writes about Trade12:

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  • Nasrin Sultana from Bangladesh writes about Fort Financial Services:

    Fort financial services is an excellent forex broker who is offering a usd 5 no deposit bonus. You can register and get the bonus after your account is verified. Verification is also easy and fast. Then you can withdraw maximum of usd 50 after tradin...

  • Gary from London writes about PaxForex:

    Dear Spasoje Kulasevic,

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    We appreciate all fair and trustworthy feedbacks about our trading services.

    We have checked your account history of July 5th,2017 and found Gold Sell positions which were held for ...

  • Will Bobbie from Monaco writes about PaxForex:

    So far my PaxForex trading has been good. I like the low and competitive spreads for the forex pairs and trading some NYSE counters and NASDAQ. The tech analysis emails are also helpful. No adverse experience thus far. Thank you.

Forex Blog

EUR/USD Little Changed as Euro & Dollar Struggle to Find Direction

Mon, 16 Oct 2017 19:41

EUR/USD moved lower today, but the drop was meager as neither the euro nor the dollar showed clear direction during the Monday's trading session. The greenback continued to suffer from the Friday's underwhelming inflation report, while the euro had troubles attracting traders due to uncertainty regarding the outlook for monetary policy of the ...

Mix of Symmetrical and Ascending Triangle on Daily Chart of GBP/NZD

Sun, 15 Oct 2017 16:32

After this August's failed symmetrical triangle pattern, GBP/NZD is consolidating in a fusion of ascending and symmetrical triangles. However, now it points towards an uptrend continuation following a bullish breakout from the previous symmetrical triangle. On the image below, the pattern itself is marked using the yellow lines. The cyan line...

Forex Brokers Update — October 15th, 2017

Sun, 15 Oct 2017 8:56

Tickmill now offers cryptocurrency trading via BTC/USD pair. Launched a VIP account type for traders with a minimum of $50,000 capital. FP Markets launched Russian, Chinese, Spanish, and French versions of its website. ThinkMarkets added trading in Bitcoin Cash, Monero, and NEO. IC Markets now provide Autochartist software...

Forex News

British Pound Weakens Against US Dollar Despite Hawkish BoE

British Pound Weakens Against US Dollar Despite Hawkish BoE

Tue, 17 Oct 2017 13:26

The British pound today weakened against the US dollar despite the hawkish comments made by the Bank of England Governor in his testimony before lawmakers. The pound declined against the US dollar despite the release of positive UK CPI data for September early in the European session.

NZ Dollar Edges Up After Inflation Accelerates Beyond Expectations

NZ Dollar Edges Up After Inflation Accelerates Beyond Expectations

Tue, 17 Oct 2017 12:34

The New Zealand dollar traded a little bit higher against some of its rivals, like the US dollar, while against others, like the euro, it demonstrated more significant gains. One of the possible reasons for the rally was higher-than-expected inflation.

Aussie Mixed After RBA Minutes Show No Plans for Rate Hike

Aussie Mixed After RBA Minutes Show No Plans for Rate Hike

Tue, 17 Oct 2017 12:11

The Australian dollar was little changed against some of its most-traded rivals, like the US dollar and the Japanese yen, while gained against others, like the euro and the Swiss franc, during the current trading session.

Commodity Blog

Crude Oil Rallies amid Tensions in Middle East

Mon, 16 Oct 2017 22:15

Futures for crude oil rallied today as Iraqi government forces moved in the oil-rich region of Kurdistan to drive away Kurdish fighters. While the Iraqi...

New Bitcoin All-Time Highs, the Ethereum Hard Fork, and the Slow March to $6,000

Mon, 16 Oct 2017 21:59

Despite the massive run-up in price, the psychological level of $6,000 was not breached, and the BitStamp all-time high presently sits at $5,846.43. The same can be...

Gold Stays Above $1,300 amid Market Uncertainty over 2018 Rate Hikes

Mon, 16 Oct 2017 16:54

Gold futures are trading above the crucial $1,300 threshold on the first day of the new trading week. Gold prices are in the green as investors are uncertain...

Forex Video Zone

EUR/USD Takes Nosedive

Tue, 17 Oct 2017 14:26

Today, the American dollar moved quite unpredictably. After forecasts of an unlikely sharp rise of the US dollar, buyers of the greenback, on the contrary, increased the number of deals. Now, the EUR/USD pair is moving down to a week low, trading near 1.1750. There are a number of reasons for the downward trend of the pair. First of all, it is time to pay attention to the eurozone inflation rate. According to final estimates from Eurostat, consumer prices rose...

What does Average True Range (ATR) Mean in Forex?

Tue, 17 Oct 2017 11:55

The ATR is a volatility indicator. It measures the range of the session in pips and then determines the average of the that range over a certain number of sessions. For example, if using a daily chart with a default setting of 14, the ATR will measure the average daily range from high to low of the previous 14 days. Looking at the chart, the current ATR shows a reading of 0.0153. It means that the average range for the pair is 153 pips...

Daily Forex News and Analysis — October 17th 2017

Tue, 17 Oct 2017 11:11

US stocks closed higher on Monday, as gains in Telecoms, Technolgy, and Financials lifted the market. The Dow Jones rose by 0.37%, the S&P 500 by 0.18%, and the NASDAQ added 0.28% to its value. The US dollar rose against a basket of major currencies on upbeat manufacturing data, but gains were capped as investor concerns over a continued slowdown in inflation weighed on sentiment. Gold fell, closing at $1,294 an ounce. Crude Oil fell, closing at $51.82...