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 $5.3 trillion (as of April 2013). 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 also join a friendly community of traders at the Forex forum.

Latest in Forex

  • Ivan Tosten from Norway writes about Trade12:

    Trade 12 has been my broker for the past 13 months and so far I have had a very good relationship with them. Their signals are really cool and they are very cooperative and experienced too. This is in sharp contrast to my previous broker. I will ha...

  • Claire White from Australia writes about FP Markets:

    I have been trading with FP Markets for nearly 6 months and think they are an excellent broker. Their RAW ECN accounts on MT4 offers tight spreads and fast execution. I have been impressed by the quality of service I have received so far.

  • Matterazzi Piero from Italy writes about Trade12:

    I am more interested in forex trading right now that I am using the services of this broker than when I was trying to trade on my own as the results are way better. They have really strengthened my forex trading and interest. I also love the fact th...

  • Jack Elliot from London, United Kingdom writes about JFD Brokers:

    I am trading with JFD Brokers for already more than a year and I am completely satisfied with their services. I use JFD for trading the FX majors and index CFDs. Very good that they reduced commissions on those! I would like to see the swap rates low...

Forex Blog

EUR/USD Firm as Markets Prepare for ECB Meeting

Wed, 7 Dec 2016 21:59

EUR/USD was firm today ahead of tomorrow's meeting of the European Central Bank. Analysts do not expect changes to interest rates, but think that the ECB may extend its quantitative easing beyond the March 2017 threshold. US crude oil inventories dropped 2.4 million barrels...

EUR/USD Retreats After Post-Referendum Rally

Tue, 6 Dec 2016 16:29

EUR/USD fell today after yesterday's rally that followed the Italian referendum. Today's economic data from the United States was mixed, providing no reason for the currency pair to move either up or down. Meanwhile, traders wait for Thursday's monetary policy decision from the European Central Bank....

Do You Pay Taxes on Forex Trading Gains?

Mon, 5 Dec 2016 18:18

Paying taxes is really the last thing a new foreign exchange trader should care about, but it is definitely a serious issue for any profitable trader. Correct handling of one's taxes is not only ethical but will help to avoid unnecessary problems and expenditures in the future. I am not...

Forex News

Australia Dollar Stages Bounce After China's Data

Australia Dollar Stages Bounce After China's Data

Fri, 9 Dec 2016 12:21

The Australian dollar rallied today after diving intraday. The currency managed to stage a bounce after China's economic data surprised economists pleasantly.

Japanese Yen Drops amid Rally of Global Stock

Japanese Yen Drops amid Rally of Global Stock

Fri, 9 Dec 2016 11:55

The Japanese yen dropped against other most-traded currencies (even the euro that dropped sharply yesterday) as the rally of global stocks limited demand for safety provided by the Japanese currency.

Euro Sharply Drops Against US Dollar as ECB Lengthens Its Bond Purchases

Euro Sharply Drops Against US Dollar as ECB Lengthens Its Bond Purchases

Thu, 8 Dec 2016 16:25

The euro experienced volatile movements against the US dollar on Thursday as investor read into the European Central Bank’s policy announcement earlier today. During its latest policy meeting, the central bank decided to extend the period for which its bond purchase program will last.

Commodity Blog

Bitcoin Nears Its Highest Level in 2016 Due to Chinese Demand

Thu, 8 Dec 2016 19:29

The price of Bitcoin headed upward on Thursday, to near its highest level in 2016 for the second week in a row. The digital currency has been steadily rising for the past...

Oil Stays Above $50 Even with Doubts over OPEC Deal

Thu, 8 Dec 2016 18:14

Oil prices are slightly rebounding on Thursday even with traders remaining doubtful that Organization of the Petroleum Exporting Countries (OPEC) members and non-members...

Coffee Futures Slipping into Bear Market Territory

Wed, 7 Dec 2016 18:14

Coffee futures are heading into bear market territory over rising global supplies. With Colombia increasing production and the Brazilian real gaining momentum,...

Forex Video Zone

WTI Crude Oil and Natural Gas Forecast — December 9th 2016

Fri, 9 Dec 2016 14:47

In this video, the Trader Guy looks at commodities Crude Oil and Natural Gas for the December 9th session. WTI Crude Oil — We bounced off the uptrend line and the $50 level during the day on Thursday. This is an area that I have been talking about and I still maintain that if we close below here on a daily candle, then we are going to fall. In the meantime though, it looks like...

USD/JPY and NZD/USD Forecast — December 9th 2016

Fri, 9 Dec 2016 14:24

In this video, the Trader Guy looks at the currency pairs USD/JPY and AUD/USD for the December 9th session. USD/JPY — We have gone back and forth a bit and it looks like we are going to show some volatility. I really think at this point though, we need to see a pullback in order to take advantage of value. After this type of breakout, I am not going to fight it, especially considering it against...

EUR/USD and GBP/USD Forecast — December 9th 2016

Fri, 9 Dec 2016 14:15

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the December 9th session. EUR/USD — As you can see, we initially tried to rally on Thursday, but turned back around at the 1.0875 level. This is just a few ticks above where I thought we would and at that time, the ECB announced it was going to be extending quantitative easing, meaning that we were going to see...