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 — January 21st, 2018

Sun, 21 Jan 2018 16:49

Just a few updates to report on this week: eToro no longer accepts deposits via SOFORT. Now, the broker offers only one account type, simplifying the matter for prospective traders. NordFX revamped its system of account types reducing their number from six to three. Alfa-Forex no longer keeps...

Weekly Forex Technical Analysis (Jan 22 — Jan 26)

Sat, 20 Jan 2018 10:07


Floor pivot points

3rd Sup2nd Sup1st SupPivot1st Res2nd Res3rd Res
1.1993 1.2079 1.2151 1.2237 1.2309 1.2395 1.2467

Woodie's pivot points

2nd Sup1st SupPivot1st Res2nd Res
1.2075 1.2143 1.2233 1.2301

US Fundamentals Support Short-Lived EUR/USD Rally

Thu, 18 Jan 2018 16:54

The US dollar had been falling against the euro throughout today's trading session, but it had stopped its descent just before the New York trading session began. The rally in the EUR/USD currency pair was reignited by the release of the scheduled US macroeconomic statistics. US housing starts and building permits...

Forex News

Pound Declines Against US Dollar on Weak UK Retail Sales Data

Pound Declines Against US Dollar on Weak UK Retail Sales Data

Fri, 19 Jan 2018 14:13

The British pound today declined against the US dollar after the release of weak UK retail sales data for December. The pound initially fell after the retail sales report before rallying higher to new post-Brexit highs after which a downtrend ensued.

Euro Consolidates Gains Against US Dollar on Mixed US Data

Euro Consolidates Gains Against US Dollar on Mixed US Data

Thu, 18 Jan 2018 15:13

The euro today consolidated gains made against the US dollar after the release of mixed data from the US docket in the early North American session. The euro declined against the greenback during the Asian session but reversed this trend in the early European session to rally higher.

Euro Trades Lower on ECB Jawboning and Positive Eurozone Data

Euro Trades Lower on ECB Jawboning and Positive Eurozone Data

Wed, 17 Jan 2018 14:39

The euro today traded at new lows against the US dollar after members of European Central Bank issued warnings regarding the euro's exchange rate. The single currency largely ignored the positive Eurozone inflation data released in the early European session.

Commodity Blog

Palladium Consolidates in Symmetrical Triangle on H4 Timeframe

Sun, 21 Jan 2018 19:35

Palladium is trading in an unstoppable long-term uptrend for two years now. Its recent price action on the 4-hour chart suggests a consolidation in a symmetrical triangle, which...

Commodities Technical Analysis, January 22nd — January 26th

Sun, 21 Jan 2018 19:23

The technical analysis, that includes the indicators’ data and major pivot points for WTI Oil, Gold, Silver and Copper as traded on spot market as of January 21st, 2018:...

Natural Gas Prices Flat Amid Smaller-Than-Expected Drop

Fri, 19 Jan 2018 15:32

Natural gas futures are trading relatively flat one day after the US government reported a smaller-than-expected decline in domestic supplies. Natural gas...

Forex Video Zone

European Assets Keep Gains Against USD

Mon, 22 Jan 2018 15:14

Bitcoin/USD — As you can see, bitcoin has done almost nothing against the US dollar on no volume. It is not a big surprise, breaking down below $12,000 was a pretty significant deal. I think now, we are looking at more than likely to see some consolidation in this $2,000 range. If we can break above $2,000, I am not overly impressed until we get...

Bitcoin Forecast — January 22nd 2018

Mon, 22 Jan 2018 14:22

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the January 22nd session. [video]jxXvrM3NuXQ[/video]...

Daily Forex News and Analysis — January 22nd 2018

Mon, 22 Jan 2018 14:10

Wall Street finished higher on Friday, led by gains in consumer stocks, even as possible government shutdown loomed. The Dow Jones was up by 0.21%, the S&P 500 added 0.44%, and the NASDAQ gained 0.55%. The US dollar gained lower against the other major currencies on Friday, holding back amid fears of a potential government shud down. Gold traded higher, closing at $1,335 an ounce. Crude Oil traded lower, closing at $63.43...