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

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Forex Blog

EUR/USD Bounces After Dipping Intraday

Wed, 28 Jun 2017 18:07

EUR/USD slid intraday but bounced later after signals about possible monetary tightening in Great Britain and Canada drove the US dollar down. The unexpected drop of US pending home sales was not helping the greenback either. Pending home sales fell 0.8% in May from April instead of rising...

EUR/USD Surges After Speech of ECB President

Tue, 27 Jun 2017 15:18

EUR/USD surged today after the speech of Mario Draghi, President of the European Central Bank. (Event A on the chart.) Markets considered his comments to be hawkish, that is why the currency pair reacted positively. Good US macroeconomic indicators halted the rally, but EUR/USD was still hanging near the day's...

USD/CAD in Ascending Channel on H4

Sun, 25 Jun 2017 19:07

After falling to its June 14 low, the USD/CAD currency pair began rising slowly, forming a perfect ascending channel pattern on its four-hour chart. A bearish breakout from this pattern would imply a continuation of the previous strong downtrend of the US dollar against the loonie. The channel is marked with the yellow...

Forex News

Canadian Dollar Jumps as Poloz Shows Hawkish Bias

Canadian Dollar Jumps as Poloz Shows Hawkish Bias

Wed, 28 Jun 2017 19:48

The Canadian dollar surged more than 1% against its most-traded counterparts today after the Bank of Canada chief demonstrated hawkish bias, adding to speculations that the central bank may consider an interest rate hike in the not-so-distant future.

US Dollar Trades Within Tight Range Against Euro on Mixed Economic Releases

US Dollar Trades Within Tight Range Against Euro on Mixed Economic Releases

Wed, 28 Jun 2017 19:09

The US dollar edged slightly lower against the euro on Wednesday, as fresh economic data in the United States painted a mixed image of the economy a single day ahead of gross domestic product data. An index of the US dollar’s strength against a basket of major currencies posted a bigger loss today amid broader declines versus the British pound and the Canadian dollar.

British Pound Climbs as Carney Says Bank of England May Discuss Higher Rates Soon

British Pound Climbs as Carney Says Bank of England May Discuss Higher Rates Soon

Wed, 28 Jun 2017 15:47

The British pound surged against most of its major peers on Wednesday, reaching the highest level against the US dollar since June 8. The British currency rose following bullish comments from Bank of England Governor Mark Carney this afternoon, which took the market by surprise.

Commodity Blog

Gold & Silver Extends Rally as Dollar Remains Under Pressure

Wed, 28 Jun 2017 20:42

Gold and silver continued to rise today as the US dollar dropped to the lowest level since September. One of the reasons for that were the hurdles that the new...

Oil Rallies Again as US Crude Output Declines

Wed, 28 Jun 2017 16:45

Oil futures are rallying for the fifth straight session on Wednesday as government data show a decline in US crude output and a bigger-than-expected drop in US gas...

Dollar's Weakness Benefits Gold & Silver

Tue, 27 Jun 2017 21:14

Gold and silver rally today on the back of the dollar's weakness. The rally was limited, though. There were several key reasons for the greenback's drop. The first one...

Forex Video Zone

WTI Crude Oil and Natural Gas Forecast — June 28th 2017

WTI Crude Oil and Natural Gas Forecast — June 28th 2017

Wed, 28 Jun 2017 9:35

In this video, the Trader Guy looks at commodities Crude Oil and Natural Gas for the June 28th session. WTI Crude Oil — As you can see on the daily chart, we tried to rally and we did gain quite a bit during the day, but the $45 level above looms large just as the 50-day Exponential Moving Average does. Any signs of exhaustion, give us an opportunity to start shorting again and that...

USD/JPY and AUD/USD Forecast — June 28th 2017

USD/JPY and AUD/USD Forecast — June 28th 2017

Wed, 28 Jun 2017 9:20

In this video, the Trader Guy looks at the currency pairs USD/JPY and AUD/USD for the June 28th session. USD/JPY — As you can see, we went back and forth during the day breaking above the 112.00 level. That is a very bullish sign and if we can break above the top of the candle, I think the market should then go to the 114.00 level. There is a lot of volatility, but ultimately pay attention to risk-on...

EUR/USD and GBP/USD Forecast — June 28th 2017

EUR/USD and GBP/USD Forecast — June 28th 2017

Wed, 28 Jun 2017 9:01

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the June 28th session. EUR/USD — As you can see on the daily chart, we have broken out to the upside significantly above the 1.13 level. And that should send this market to the 1.14 level and then eventually to the 1.15 level, the top of the 3-year consolidation. This is a very impulsive candle and should have some follow through. I believe a pullback to the 1.13...