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

  • S.Smith from United States writes about Coinexx:

    This was my first time purchasing bitcoin to fund an account. I got an address from the terminal it took me about an hour to figure everything out. I purchased through Coinbase so it took a long time going through all the confirmations so I just chec...

  • 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...

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

Australian Dollar Gains Despite Interest Rate Projections, Unimpressive Economic Data

Australian Dollar Gains Despite Interest Rate Projections, Unimpressive Economic Data

Wed, 12 Dec 2018 19:17

The Australian gained against its most of its major rivals today, with the exception of the euro. News from Australia itself was not particularly supportive, but the currency profited from the positive market sentiment caused by the news from Great Britain.

Chinese Yuan Strengthens As Beijing Prepares for 2019 Economic Plan

Chinese Yuan Strengthens As Beijing Prepares for 2019 Economic Plan

Wed, 12 Dec 2018 17:42

The Chinese yuan is strengthening midweek as the federal government prepares to unveil its economic game plan. After a disappointing 2018 performance, mostly due to the US-China trade war, Beijing is looking to spur growth by introducing a series of measures that President Xi Jinping hopes will limit the damage.

British Pound Rallies as PM May Expected to Win Leadership Challenge

Commodity Blog

Oil Gains on Second Straight Drop in Crude Inventories

Wed, 12 Dec 2018 16:21

Crude oil futures are trying to muster up a rally midweek after the US government reported a decrease in domestic inventories for the second consecutive week. Oil...

Crude Oil Gains as Russia Announces Production Cuts

Tue, 11 Dec 2018 22:22

Crude oil rallied on Tuesday thanks to the news that Russia agreed to join production cuts after all. The positive general market sentiment, caused by the ...

Copper Posts Gains Despite Slumping Chinese Demand

Tue, 11 Dec 2018 19:27

Copper futures are rallying on Tuesday, despite a mix of bad news for the industrial metal. In addition to a ...

Forex Video Zone

What are Stop-Losses and How They Help Traders

Wed, 12 Dec 2018 15:16

A stop-loss is a way of closing an existing open position at a set level, when the market goes against you. It prevents from taking further losses, hence protecting your capital. If you are taking a long position, it is a good idea to place your stop-loss below the support level. When you trade a head and shoulders pattern and take a short position, you can set your stop above...

USD/MXN Forecast — December 12th 2018

Wed, 12 Dec 2018 14:45

In this video, the Trader Guy looks at the USD/MXN pair for the December 12th session. USD/MXN — The markets have fallen a bit trying to break down this rising wedge pattern, as you can see on the daily chart. However, this is not yet a breakout. If it breaks out, then the markets have to deal with the 50-period EMA, at the 20.00 level, which could offer support. If this level gives...

Ex-Canadian Diplomat Detained in China — December 12th 2018

Wed, 12 Dec 2018 13:39

Escalating trade tensions between the US and China is currently dominating the sentiment in Market. The latest news is the arrest of the Canadian diplomat Michael Kovrig in China. According to experts, this is in response to the arrest of the Huawei executive Michael Kovrig in Canada. Donald Trump has announced that he could do the best to ease the situation. The US dollar index is trading at 97.40. The USD/JPY pair is trading at 113.50. The producer price...