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

  • Mohit Verma from India writes about Grand Capital:

    Grand Capital they have wrost technical support. Once you place withdrawl recuest you think you will get in 3 days as there terms. But the third day they will decline your withdraw recuest and say rule no, 3.1.2 you cant withdraw money while trades...

  • Amir from Malaysia writes about NewForex:

    I am very amazed with its trading MT4 server performance. Closing order on my Live account where there is no requote even in volatile market. Withdrawal using payco is the best from Newforex

  • Emru from Turkey writes about FXTM:

    I have been trading the demo acct for two weeks and it is pretty good.

    I know about the slippage, commission and some reviews from other forums.

    but I have done my research and I will try them out in few weeks and keep you guys posted.

  • Harold G from Denmark writes about FxPro:

    I can honestly recommend FxPro as a reliable broker. I’ve had some issues with previous companies, I’ve worked with, so no problems and stability were the main demandings in choosing new broker. Now I’m completely satisfied with everything : connecti...

Forex Blog

NZD/Dairy Correlation — Not That Simple

Mon, 23 Jan 2017 19:33

In early 2008, when the global financial crisis started crippling the world economy, the New Zealand economy entered into recession. Correspondingly, for the most part of 2008, the Kiwi dollar remained on a declining note against the greenback.  The New Zealand dollar is categorized as a commodity currency, along with its...

Weekly Forex Technical Analysis (Jan 23 — Jan 27)

Sat, 21 Jan 2017 9:15


Floor pivot points

3rd Sup2nd Sup1st SupPivot1st Res2nd Res3rd Res
1.0472 1.0525 1.0612 1.0665 1.0752 1.0805 1.0892

Woodie's pivot points

2nd Sup1st SupPivot1st Res2nd Res
1.0533 1.0628 1.0674 1.0768

EUR/USD Fails to Rally, Dragged Down by ECB

Thu, 19 Jan 2017 16:36

EUR/USD was trying to rally during the current trading session but slid below the opening level after the European Central Bank policy meeting. The ECB did not announce any change to its extremely loose policy, and ECB President Mario Draghi said that the central bank needs...

Forex News

US Dollar Falls on Concerns Towards Trump's Administration

US Dollar Falls on Concerns Towards Trump's Administration

Mon, 23 Jan 2017 18:32

The US dollar dropped against its major peers on Monday, the first trading day since Donald Trump’s inauguration last Friday, as traders remained uncertain towards the president’s economic plans. The greenback’s drop opened a window for the British pound to reach its strongest level in a month.

GBP/USD Rallies Ahead of UK Supreme Court Ruling on Article 50

GBP/USD Rallies Ahead of UK Supreme Court Ruling on Article 50

Mon, 23 Jan 2017 17:51

The GBP/USD opened the week on a major rally boosted by positive market sentiment towards the British pound as markets await tomorrow's ruling by the UK Supreme Court on whether Theresa May needs the approval of parliament to trigger article 50. The strong rally in the currency pair was also triggered by negative sentiment towards the US dollar after Donald Trump assumed office on Friday.

US Dollar Remains Weak, Dollar Bulls Remain Optimistic

US Dollar Remains Weak, Dollar Bulls Remain Optimistic

Sat, 21 Jan 2017 21:16

The US dollar remained relatively soft during the past trading week, but there are still plenty of dollar bulls who believe that the currency's fall is just a correction in a long-term bullish trend.

Commodity Blog

Gold, Silver Rally on Donald Trump Uncertainty

Mon, 23 Jan 2017 18:14

The Donald Trump era has begun, and that appears to be benefiting gold and silver. The precious metals are rallying on Monday as the US president starts...

Commodities Technical Analysis, January 23rd — January 27th

Sun, 22 Jan 2017 9:34

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 January 22nd, 2017:...

Gold Stays Flat After Donald Trump Inauguration Address

Fri, 20 Jan 2017 18:53

Gold futures stayed relatively flat following the inauguration speech of US President Donald Trump. With the modest gains on Friday, the yellow metal posted...

Forex Video Zone

US Dollar Falls after Trump's Inauguration Speech

Mon, 23 Jan 2017 15:47

The inauguration of Donald Trump on Friday had a strong influence on the currency market. Many investors responded quite negatively, noting pomposity of Trump's speech, during which he said little about the future of the US economy. As a result, the US dollar edged down against the majors and now is trading at 100.29. However, the greenback is expected to gain ground by the end of the trading day. Judging by the recent actions of the US president, he is...

What are Breakouts?

Mon, 23 Jan 2017 15:32

Breakouts are one of the most common techniques used in the market to trade. They consist of identifying a key price level and then buying or selling as the price breaks that predetermined level. The expectation is that if the price has enough force to break the level, then it will continue to move in that direction. The concept of a breakout is relatively simple and requires a moderate understanding of support and resistance. When the market is trending and moving...

Concerns Over Rising US Output Cap Oil Gains

Mon, 23 Jan 2017 13:23

Last week, oil market participants anticipated a crucial event, the OPEC and non-OPEC countries responsible for monitoring implementation of the agreement on output curb met this weekend. The committee emphasized the great progress of the work done. On the back of this news, oil prices gained some ground. Thus, the Brent Crude Benchmark is trading at $55.31 a barrel. Analysts expect the commodity to break the level of $56. However, persisting concerns over the prospects of rising...