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

  • MartinTrading from The Netherlands writes about Coinexx:

    All the money in my account has been stolen. I have been trading on the forex market through various brokers for a year and I thought it was great that Coinexx offered the possibility to trade with altcoins. I still had 4000 XRP and 50 LTC in my wall...

  • Giancarlo from Panama writes about FXTM:

    Its a good broker. Fast deposits and withdrawals, and one has the opportunity to copy trade strategies performed by others. I have gained lots of money copy trading their experts. However, their spreads for the Minor Pairs are too high.

  • Kevin De Bur from Netherlands writes about Land-FX:

    Considering the amount of effort (even if ostensibly) they had gone through for ensuring my bank i wasn't dealing with money laundering, the company gets much less credit than it deserves in helping it's clients.

  • Diane from London writes about Turnkey Forex:

    Got Introduced to Turnkey Forex from one of our trading groups on babypips.

    I have had a stellar experience with them.

    Turnkey Forex Strengths:

    -I get 400:1 leverage from them

    -$2 per $100K round turn commission for my account

    -Best spreads ...

Forex Blog

EUR/USD Rallies Intraday, Trims Gains Later

Wed, 17 Apr 2019 17:03

EUR/USD rallied intraday but has trimmed its gains later. US macroeconomic data beat expectations, adding to the downside momentum of the currency pair. US trade balance deficit shrank to $49.4 billion in February, down from $51.1 billion in January. That is instead of rising to $53.5 billion...

EUR/USD Settles Flat After Rising Earlier

Mon, 15 Apr 2019 21:28

EUR/USD rallied on Monday but lost its gains later and settled near the opening level. Trading was relatively quiet, with absence of any major events. NY Empire State Index climbed to 10.1 in April from 3.7 in March. Analysts had predicted a smaller increase to 8.1. (Event A on the chart.)...

Weekly Forex Technical Analysis (Apr 15 — Apr 19, 2019)

Sat, 13 Apr 2019 9:50

EUR/USD

Floor pivot points

3rd Sup2nd Sup1st SupPivot1st Res2nd Res3rd Res
1.1118 1.1164 1.1231 1.1277 1.1344 1.1391 1.1458

Woodie's pivot points

2nd Sup1st SupPivot1st Res2nd Res
1.1169 1.1241 1.1282 1.1355
...

Forex News

Euro Falls to Weekly Lows on Weak PMI Prints From the Euro Area

Euro Falls to Weekly Lows on Weak PMI Prints From the Euro Area

Thu, 18 Apr 2019 12:06

The euro today fell to new weekly lows against the US dollar following the release of disappointing German manufacturing PMI by IHS Markit earlier today. The EUR/USD currency pair fell to new lows after PMI data indicated that the euro area manufacturing sector was still contracting at a fast rate.

Loonie Gains on CPI & Trade Balance, Struggles to Keep Gains

Loonie Gains on CPI & Trade Balance, Struggles to Keep Gains

Thu, 18 Apr 2019 0:57

The Canadian dollar gained on Wednesday thanks to positive domestic macroeconomic data. At the start of Thursday's trading session the currency was losing its gains.

NZ Dollar Drops After Inflation Misses Expectations

NZ Dollar Drops After Inflation Misses Expectations

Wed, 17 Apr 2019 22:42

The New Zealand dollar dropped on Wednesday after domestic inflation data disappointed traders, increasing bets on an interest rate cut by the Reserve Bank of New Zealand.

Commodity Blog

Crude Oil Declines Despite Bullish EIA Report

Wed, 17 Apr 2019 21:10

Futures for crude oil declined today despite seemingly bullish supply report from the US Energy Information Administration. The official data from the EIA revealed...

Bitcoin Holding Above $5,000, Ready For A Move Higher?

Wed, 17 Apr 2019 17:26

Bitcoin prices closed on the 5th April above $5,000 and hasn’t closed below this point since. It has risen to around $5,250 and fallen back...

Soybean Falls as US Pushes China to Shift Tariffs to Other Imports

Wed, 17 Apr 2019 13:41

Soybean futures are tumbling midweek after reports that US trade representatives are trying to get China to shift their tariffs away from...

Forex Video Zone

USD/JPY and AUD/USD Forecast — April 17th 2019

Wed, 17 Apr 2019 13:52

In this video, the Trader Guy looks at the currency pairs USD/JPY and AUD/USD for the April 17th session. USD/JPY — The market is pressing for resistance at 112.00. There exists plenty of support below. So, pullbacks are seen as value at the moment with this pair. To the upside, the 113.50 is the next target. The 50-period EMA below could offer support. The market needs to get below the moving average to consider selling in this market. AUD/USD...

EUR/USD and GBP/USD Forecast — April 17th 2019

Wed, 17 Apr 2019 13:43

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the April 17th session. EUR/USD — The Tuesday session saw the market to pull back a bit looking for support. The market is trading closer to the bottom of the consolidation, which comes at 1.12. The market is experiencing lots of back and forth short-term movements in this consolidation zone. So, pullbacks are seen as buying opportunities at the moment. GBP/USD — The pound is also...

Bitcoin Forecast — April 17th 2019

Wed, 17 Apr 2019 13:29

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the April 17th session. Bitcoin/USD — As the 200-day EMA offered support, bitcoin rallied on Tuesday session. This little uptrend line and the 5,000 level are offering support. The market needs to clear the 5,500 level, which is resistance. To the upside, the 6,000 is the next target. Even if the market falls from here, the 50-day EMA could offer support....