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

  • Michael from Netherlands writes about TriumphFX:

    Nice broker with fast withdrawals. Did not face any problems, client area is very useful and suitable. Technical support is helpful. Also they plan to add cryptocurrecies for trading. So I can recommend this company for trading.

  • Justas Petronis from Lithuania writes about Admiral Markets:

    I love Admiral Markets' smart FAQ and Trader's Glossary - I can learn about trading and everything involved with it through doing and refer back to the FAQ and glossary if I come across anything I don' understand. Super!

  • Elvar from Iceland writes about GAINSY:

    I might say that this company is quite flexible in its services. Having two trading accounts, I ordered two different non-withdrawable bonuses for my different strategies. I shall mention that they provide stronger-than-average services, completely f...

  • Sebastian Puedecke from Germany writes about Land-FX:

    Was hooked by their leverage and price feed on crypto, not many brokers that both give bonuses and offer crypto atm. Advise to everyone, and make sure to ask for a bonus on depo.

Forex Blog

Weekly Forex Technical Analysis (Sep 25 — Sep 29)

Sat, 23 Sep 2017 9:14

EUR/USD

Floor pivot points

3rd Sup2nd Sup1st SupPivot1st Res2nd Res3rd Res
1.1689 1.1775 1.1861 1.1947 1.2033 1.2119 1.2205

Woodie's pivot points

2nd Sup1st SupPivot1st Res2nd Res
1.1775 1.1861 1.1947 1.2032
...

EUR/USD Drifts Closer to Opening After Strong Start of Session

Fri, 22 Sep 2017 16:47

EUR/USD rallied during the first half of the current trading session but has drifted down closer to the opening level by now. The dollar was under pressure from growing tensions between the United States and North Korea. Meanwhile, the euro was getting support from the fact that all Purchasing Managers' Indices...

EUR/USD Resumes Rally Started Yesterday

Tue, 19 Sep 2017 13:46

EUR/USD has started a rally during yesterday's American trading session, which continued into the early hours of today's European session. The currency pair retreated a bit afterwards, but it looks like EUR/USD is going to resume the rally. Housing starts were at the seasonally adjusted annual rate of 1.18 million...

Forex News

Euro Fails to Profit from Positive PMI Readings

Euro Fails to Profit from Positive PMI Readings

Fri, 22 Sep 2017 21:18

The euro failed to garner support from the very positive macroeconomic reports released today. The currency attempted to rally intraday, but failed to do so, and is now trading near or below the opening level against most of its rivals.

US Dollar Weakens on Lingering Geopolitical Risks and Lackluster Data

US Dollar Weakens on Lingering Geopolitical Risks and Lackluster Data

Fri, 22 Sep 2017 16:06

The US dollar moved lower against the euro and the Japanese yen on Friday after an exchange of threats continued between the United States and North Korea. Today’s economic releases provided the greenback little support as the US manufacturing activity edged marginally higher while activity within the services sector dropped.

Canadian Dollar Weakens Against US Dollar on CPI and Retail Sales Data

Canadian Dollar Weakens Against US Dollar on CPI and Retail Sales Data

Fri, 22 Sep 2017 14:35

The Canadian dollar today weakened against the US dollar after the release of weak Canadian CPI and retail sales data by Statistics Canada. Other releases from the US docket such as the Markit US Manufacturing PMI also served to boost the US dollar against its Canadian counterpart.

Commodity Blog

Commodities Technical Analysis, September 25th — September 29th

Sun, 24 Sep 2017 9:30

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 September 24th, 2017:...

Gold Poised for Worst Weekly Performance Since July

Fri, 22 Sep 2017 14:57

Gold futures have retreated from their recent highs over the last trading week and are now poised for their worst weekly performance since...

Oil Futures Surging amid OPEC Speculation

Wed, 20 Sep 2017 17:00

Oil prices are climbing higher midweek after reports that the Organization of Petroleum Exporting Countries (OPEC) may extend its production-cut agreement...

Forex Video Zone

What Is the Federal Open Market Committee (FOMC)?

Sun, 24 Sep 2017 16:23

The Federal Open Market Committee is better known as the FOMC. This is the committee of individuals that determine the discount rate reserve requirements and open market operations or the monetary policy of the United States.. The FOMC is composed of 12 members with 7 members as Board of Governors and 5 as Reserve Bank Presidents. The FOMC schedules 8 meetings per year. The committee may also hold unscheduled meetings as necessary to review economic and financial...

Daily Forex News and Analysis — September 24th 2017

Sun, 24 Sep 2017 15:05

The EUR/USD pair rose by 0.08%, closing the week at 1.1951. The GBP/USD pair fell by 0.56%, closing the week at 1.3504 exchange rate. German voters head to the polls today to decide whether current Chancellor Angela Merkel will remain in power, or if rival Martin Schulz can win over voters. If Chancellor Merkel wins the elections, it will give her a historic 4th term, a record for the German Parliament. If Schulz,...

USD/JPY and AUD/USD Forecast — September 22nd 2017

Fri, 22 Sep 2017 14:27

In this video, the Trader Guy looks at the currency pairs USD/JPY and AUD/USD for the September 22nd session. USD/JPY — The pair rallied again, as we are clearly above 112.00 and looks ready to go higher. I think that the 114.50 level will probably be targeted as the US dollar will strengthen. With the Federal Reserve looking to clean up its balance sheet, I think that the pullbacks are buying opportunities. AUD/USD...