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

  • Елена writes about Imperial Global Markets:

    Besides the usual gentleman pack in Imperial, I was also offered to participate in IPO. It's impossible to predict anything, but there have been positive aspects (like the extremely positive background of the usa stock markets) as well as some risks ...

  • Anton from Ukraine writes about EverFX:

    I've already read different opinions about EverFX but I’ve decided to try. So far so good. I haven't found any major problems, any difficulties. Everything is clear and transparent. I got my profit on the debit card account just in a day.

  • Sexy from Russia writes about Forex Optimum:

    I trade on Forex Optimum and have never used indicators. I've decided to use 100% to the deposit bonus. You need to deposit $500 for this. And I could trade with $1,000 after that. This immediately increases the trading opportunities, although the bo...

  • Nathan from France writes about Coinexx:

    I've been trading for more than 10 years & have traded with almost a dozen brokers. But I wish Coinexx was there 10 years back. their platforms are good and the spreads are beautiful. The feed quality is especially evident in news time. No spread wid...

Forex Blog

Forex Brokers Update — October 21st, 2018

Sun, 21 Oct 2018 18:53

One new company became listed on this week: WCX — an unregulated crypto/FX broker claiming to be from Switzerland. They have a very minimalistic website and offer trading in multiple markets via Bitcoin-based accounts. Maximum leverage for currencies is 1:300. Some other brokers have been updated:...

Weekly Forex Technical Analysis (Oct 22 — Oct 26)

Sat, 20 Oct 2018 9:55


Floor pivot points

3rd Sup2nd Sup1st SupPivot1st Res2nd Res3rd Res
1.1236 1.1334 1.1424 1.1523 1.1613 1.1711 1.1801

Woodie's pivot points

2nd Sup1st SupPivot1st Res2nd Res
1.1332 1.1420 1.1520 1.1608

EUR/USD Fails to Bounce as Dollar Remains Supported by Fed

Thu, 18 Oct 2018 15:06

EUR/USD attempted to bounce today after yesterday's drop but failed. The greenback remained supported by the hawkish stance of the Federal Reserve. Macroeconomic reports released in the United States on Thursday were decent, providing additional support to the US currency. Philadelphia Fed manufacturing index fell a bit from 22.9 in September to 22.2 in October....

Forex News

Sterling Falls on Monday on Brexit Headlines

Sterling Falls on Monday on Brexit Headlines

Mon, 22 Oct 2018 20:27

The Great Britain pound sank on Monday against all other most-traded currencies, including the euro that was extremely weak itself, amid the negative Brexit headlines, which made the currency unappealing to investors.

Canadian Dollar Sideways Ahead of Key BOC Rate Decision

Canadian Dollar Sideways Ahead of Key BOC Rate Decision

Mon, 22 Oct 2018 17:45

The Canadian dollar is trading sideways on Monday ahead of an important announcement on interest rates by the Bank of Canada (BOC). The loonie is also struggling to find an upwards direction because of sliding crude oil prices, weak economic data, and a rallying greenback.

Euro Weak as Clash Between Italy & EU Continues

Euro Weak as Clash Between Italy & EU Continues

Mon, 22 Oct 2018 17:33

The euro was weak against most of its major currencies today due to the clash between Italy and the European Union over Italy's budget deficit target. The shared 19-nation currency managed to gain on the Great Britain pound, which was also extremely weak due to Brexit concerns.

Commodity Blog

Crude Oil Rebounds After Declining on Saudi Arabia Supply

Mon, 22 Oct 2018 19:54

Prices for crude oil dipped during the Monday's trading session but rebounded later. The decline was a reaction to the statement from Saudi Arabia's Energy...

Is BTCUSD Due For a Downtrend?

Mon, 22 Oct 2018 19:09

Is Bitcoin digital gold? The CEO of Genesis Global Trading, Michael Moro was asked that age-old question during the ...

Gold Trades Sideways on Fed, US Dollar Pressure

Mon, 22 Oct 2018 17:07

Gold futures are trading sideways to kick off the trading week as a hawkish Federal Reserve and a rallying US dollar are applying pressure on the yellow metal....

Forex Video Zone

Correct Definition of Overbought and Oversold in Forex Market

Mon, 22 Oct 2018 16:37

In this video, you will learn about the definition of overbought and oversold conditions, and momentum indicators. If you have used technical indicators like RSI and Stochastics, you would have come across overbought and oversold lines, say at 70 and 30. There are indicators that do not have these lines, for example, MACD indicator. Time to time market reaches overbought or oversold. It means price...

Candlestick Pattern — Hanging Man and Hammer

Mon, 22 Oct 2018 14:11

The hammer and the hanging man candlesticks look similar but they have different interpretations. Firstly, the hammer is a bullish reversal candlestick, which means you can spot this candlestick at the end of the downtrend. The color of the body does not matter much. But the wick should be two times the size of the actual body. The idea behind this pattern is that the bears initially manage to hold control of the market and then push...

Recap of Asian Trade — October 22nd 2018: USD/JPY and AUD/USD

Mon, 22 Oct 2018 13:50

Last week saw the demand for the greenback to weaken. This was due to profit taking by bulls trading the greenback. The US dollar index is trading at 95.60 However, the greenback is looking bullish against the yen. The USD/JPY pair is trading at 112.80. There is a political situation between the US and Saudi Arabia at the moment. Investors are eager to see the response from Donald Trump and how Saudi Arabia is going...