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

  • Emru from Turkey writes about FXTM:

    I have been trading the demo acct for two weeks and it is pretty good.

    I know about the slippage, commission and some reviews from other forums.

    but I have done my research and I will try them out in few weeks and keep you guys posted.

  • Harold G from Denmark writes about FxPro:

    I can honestly recommend FxPro as a reliable broker. I’ve had some issues with previous companies, I’ve worked with, so no problems and stability were the main demandings in choosing new broker. Now I’m completely satisfied with everything : connecti...

  • Alexander from London, UK writes about JustForex:

    I trade with this company for nearly a year, and I like them better that those I worked with before (I think I won't name them, but they are quite popular too). I like the ECN conditions, fast performance, fast withdrawals via electronic payment syst...

  • Orzi from Romania writes about Bolmax Management:

    I still cannot get used to it, and I guess I never will. Typical circumstances of bucket shop spread betting. Deposited, traded a bit unsuccessfully, lost about 10% of my deposit. Then traded profitably, when I made up for losses and took my deposit ...

Forex Blog

Weekly Forex Technical Analysis (Jan 23 — Jan 27)

Sat, 21 Jan 2017 9:15

EUR/USD

Floor pivot points

3rd Sup2nd Sup1st SupPivot1st Res2nd Res3rd Res
1.0472 1.0525 1.0612 1.0665 1.0752 1.0805 1.0892

Woodie's pivot points

2nd Sup1st SupPivot1st Res2nd Res
1.0533 1.0628 1.0674 1.0768
...

EUR/USD Fails to Rally, Dragged Down by ECB

Thu, 19 Jan 2017 16:36

EUR/USD was trying to rally during the current trading session but slid below the opening level after the European Central Bank policy meeting. The ECB did not announce any change to its extremely loose policy, and ECB President Mario Draghi said that the central bank needs...

EUR/USD Backs Off After Strong Move Up

Wed, 18 Jan 2017 22:47

EUR/USD went down today after yesterday's move up. The currency pair rushed especially fast to the downside after Janet Yellen, Federal Reserve Chair, said during today's speech that policy makers should not wait too long before raising interest rates further. (Event C...

Forex News

US Dollar Remains Weak, Dollar Bulls Remain Optimistic

US Dollar Remains Weak, Dollar Bulls Remain Optimistic

Sat, 21 Jan 2017 21:16

The US dollar remained relatively soft during the past trading week, but there are still plenty of dollar bulls who believe that the currency's fall is just a correction in a long-term bullish trend.

Canadian Dollar Shows Mixed Results After Release of CPI Data for December 2016

Canadian Dollar Shows Mixed Results After Release of CPI Data for December 2016

Fri, 20 Jan 2017 18:52

The Canadian dollar today weakened against its major peers such as the US dollar following the release of retail data for the month of December that was below expectations. Statistics Canada reported that the Consumer Price Index for December rose by 1.5% year-over-year, which was below the widely expected figure of 1.7%.

US Dollar Heads Higher as Donald Trump Takes Office

US Dollar Heads Higher as Donald Trump Takes Office

Fri, 20 Jan 2017 15:14

The US dollar climbed against its major rivals on Friday to erase some of its losses earlier in the day, as investors anticipated Donald Trump’s presidential inauguration. The president-elect will give a speech during his inauguration, which could contain hints of his plans for the US economy.

Commodity Blog

Gold Stays Flat After Donald Trump Inauguration Address

Fri, 20 Jan 2017 18:53

Gold futures stayed relatively flat following the inauguration speech of US President Donald Trump. With the modest gains on Friday, the yellow metal posted...

Bitcoin Price Surges Even as China's Exchanges Stop Offering Margin Trading

Fri, 20 Jan 2017 16:31

The price of Bitcoin surged on Friday to more than $900, but ultimately failed to maintain its gains as it edged lower to hover just below this...

Platinum Futures Plunge 1.5% in Bad Day for Metals

Thu, 19 Jan 2017 18:21

Platinum futures suffered its biggest loss of the trading year. Following the pattern of other precious metals, platinum took a significant beating one day before...

Forex Video Zone

WTI Crude Oil and Natural Gas Forecast — January 20th 2017

Fri, 20 Jan 2017 14:18

In this video, the Trader Guy looks at commodities Crude Oil and Natural Gas for the January 20th session. WTI Crude Oil — As you can see, we are continuing to see bearishness. We did not quite take out the upside. So, really by turning around and forming a shooting star, it looks like the $51 level will be tested. There is a lot of support all the way...

USD/JPY and AUD/USD Forecast — January 20th 2017

Fri, 20 Jan 2017 13:58

In this video, the Trader Guy looks at the currency pairs USD/JPY and AUD/USD  the January 20th session. USD/JPY — The US dollar rose against the Japanese yen during the day on Thursday breaking above the 115.00 handle. Now it looks like reaching towards the 118.50 level. Pullbacks should continue to offer buying opportunities and as a result I think that is just an extension of the longer term trend to the upside that we have seen....

EUR/USD and GBP/USD Forecast — January 20th 2017

Fri, 20 Jan 2017 13:40

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the January 20th session. EUR/USD — We had a very choppy session during the day on Wednesday and we really did not do much. Today with Trump's inauguration, I think that the traders are going to listen to words coming out of his mouth, which could lead to a lot of volatility. Having said that, the 50-day Exponential Moving ...