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

  • christ athan from Austria writes about Turnkey Forex:

    Heard so much good about this broker everywhere be it babypips or FPA or any other forums that I had to give it a try. And I have to say, everything I heard was true. It’s been 6 months since I have been with this broker and so far so good. The clien...

  • Hoang Le from Vietnam writes about LMFX:

    I just started trading with this broker from 2018 through a seminar with $50 bonus. Pleasantly surprised by the service. This broker offers competitive pricing, spread and an easy deposit/withdrawal process. Also, execution is good without freezes a...

  • Per from Germany writes about GAINSY:

    I am trading with this broker last 6 monts, And I have only positive impressions about it.Their support team is really nice and they tried to help you in every situation, even if they musn't do it. Also they gave me good trading conditions and it's c...

  • Jandre Pjanic from Croatia writes about Land-FX:

    Appreciate the variety of Deposit/Withdrawal methods and people working in customer support. The later is the main reason I haven’t fallen for a deposit bonus from a competitor.

Forex Blog

EUR/USD Surges After Dovish FOMC

Wed, 20 Mar 2019 22:39

EUR/USD jumped sharply today after the Federal Open Market Committee turned out to be even more dovish than was expected. While most market participants were expecting the FOMC to reduce the planned number of interest rate hikes in 2019 from two to one, the Committee actually dropped...

Forex Brokers Update — March 17th, 2019

Sun, 17 Mar 2019 9:29

Another week has passed without new additions to the list of Forex brokers on our website, but there are some old brokers to report on: RoboForex is switching spreads from fixed to variable in Fix-Standard and Fix-Affiliate accounts from April 1. CFDs and cryptocurrencies have been added...

Weekly Forex Technical Analysis (Mar 18 — Mar 22, 2019)

Sat, 16 Mar 2019 9:44

EUR/USD

Floor pivot points

3rd Sup2nd Sup1st SupPivot1st Res2nd Res3rd Res
1.1126 1.1174 1.1249 1.1296 1.1371 1.1419 1.1494

Woodie's pivot points

2nd Sup1st SupPivot1st Res2nd Res
1.1181 1.1262 1.1303 1.1385
...

Forex News

Canadian Dollar Soft, Ignores Sharp Rise of Crude Oil Prices

Canadian Dollar Soft, Ignores Sharp Rise of Crude Oil Prices

Wed, 20 Mar 2019 23:46

The Canadian dollar fell against most of its major peers on Wednesday, with the exception of the US dollar. That was surprising, considering that fundamentals did not look particularly bad for the currency.

NZ Dollar Jumps Sharply After Release of New Zealand GDP

NZ Dollar Jumps Sharply After Release of New Zealand GDP

Wed, 20 Mar 2019 23:05

The New Zealand dollar was falling for the most part of the Wednesday's session, rebounding for a short time after the US Federal Reserve turned out to be surprisingly dovish. Yet the kiwi jumped sharply by the end of the session after the release of New Zealand's gross domestic product.

US Dollar Falls As ‘Patient’ Fed Signals One Rate Hike in 2019

US Dollar Falls As ‘Patient’ Fed Signals One Rate Hike in 2019

Wed, 20 Mar 2019 18:38

The US dollar is holding steady midweek as the Federal Reserve concluded its two-day policy meeting. The US central bank did not pull off any surprises on Wednesday, signaling that it has become far more bearish than in previous meetings, whether it relates to policy maneuvers or economic estimates.

Commodity Blog

Commodities Rally on Wednesday Thanks to Positive Fundamentals

Wed, 20 Mar 2019 23:29

Metals, including gold, rallied on Wednesday after the Federal Reserve turned out to be extremely dovish, dropping its plans to hike interest rates...

Sugar Slides After Hitting Two-Week High

Wed, 20 Mar 2019 16:16

Sugar futures are tumbling midweek after reaching their best levels in two weeks on Tuesday. The agricultural commodity is in the red as the market increases its...

Crude Oil Hangs Near 2019 Highs on Hopes for OPEC Cuts Extension

Tue, 19 Mar 2019 21:52

Crude oil traded near the highest levels for this year as traders were hoping that the Organization of Petroleum Exporting Countries will extend its...

Forex Video Zone

Trading with Rectangle Break Strategy

Thu, 21 Mar 2019 13:11

In this video, you will learn about the rectangle break strategy. As you can see on the AUD/NZD daily chart, this is the rectangle box marked. The market has been oscillating between the support and resistance levels for some time. At some point, the market broke to the upside. You can take a long position and place your stop-loss halfway into the rectangle. For determining the take-profit level, take the measurement from the height...

Daily Market News — March 21st 2019

Thu, 21 Mar 2019 12:22

The announcement from the Fed that the rate hike will be implemented in a slow pace has caused the demand for the US dollar to reduce. However, the Japanese yen and the precious metals like gold have strengthened. The EUR/USD made fresh new highs and is facing strong resistance at 1.1440. The resistance levels are 1.1440, 1.1377, and 1.1540. The support levels are 1.1397, 1.1358, and 1.1327. The USD/JPY pair has turned bearish...

EUR/USD and GBP/USD Forecast — March 20th 2019

Wed, 20 Mar 2019 15:00

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the March 20th session. EUR/USD — The Tuesday was a little bullish for this pair. What the Fed has to say regarding their monetary policy, be it hawkish or dovish, will decide the movement in this pair. Any dovishness, will send this pair higher. The market is trading in a consolidation zone with 1.14 as resistance and 1.1250...