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

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    I had an issue with land-fx over slippage but when they solved it, there is nothing like that ever since.

  • Karl from Berlin writes about ForexChief:

    My experience with Forexchief is rather a good one. I usually deposit with withdraw in bitcoins all the time. I prefer this option because I hate dealing with other payment systems and the broker honors my request on time.

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  • Marko from Romania writes about IFC Markets:

    Good and reliable company. First of all, I advise to trade with IFC Markets to stock traders. There are many companies introduced. There is also a very interesting thing – PCI method that allows you to increase or decrease volatility by creating your...

  • Mohammad Al Jasser from Saudi Arabia writes about One Global Market:

    no issue in withdrawal/deposit of my money with OGM.

    It makes me feel secure as I myself is an experienced pamm investor and I always prioritize on a broker reputation and service/support before investing.

Forex Blog

Weekly Forex Technical Analysis (Jan 21 — Jan 25, 2019)

Sat, 19 Jan 2019 9:51

EUR/USD

Floor pivot points

3rd Sup2nd Sup1st SupPivot1st Res2nd Res3rd Res
1.1179 1.1266 1.1316 1.1403 1.1452 1.1539 1.1589

Woodie's pivot points

2nd Sup1st SupPivot1st Res2nd Res
1.1257 1.1297 1.1393 1.1434
...

EUR/USD Declines amid Speculations About US Tariffs Rollback

Fri, 18 Jan 2019 19:20

EUR/USD declined today even as the US consumer sentiment worsened significantly this month. Yet the improving industrial production helped the dollar to gain on the euro. Another reason for the dollar's strength was the rumor that the United States are considering lifting tariffs on Chinese imports. Industrial production rose 0.3% in December...

EUR/USD Little Changed Despite Disappointing Eurozone Inflation, Positive US Data

Thu, 17 Jan 2019 18:45

EUR/USD was little changed today even after the inflation print released in the eurozone came out below expectations (event A on the chart), while US macroeconomic indicators surprised positively. Philadelphia Fed manufacturing index jumped from the revised reading of 9.1 in December to 17.0 in January. Analysts had...

Forex News

Canadian Dollar Declines Against US Dollar on Weak Retail Sales Data

Canadian Dollar Declines Against US Dollar on Weak Retail Sales Data

Wed, 23 Jan 2019 16:09

The Canadian dollar today dropped to new daily lows against its US counterpart following the release of weak Canadian retail sales data. The loonie had made gains against the greenback earlier today as evidenced by the USD/CAD currency pair's decline before retracing all of its gains after the release.

Yen Soft After BoJ Monetary Policy Meeting, Economic Forecast

Yen Soft After BoJ Monetary Policy Meeting, Economic Forecast

Wed, 23 Jan 2019 9:39

The Japanese yen was soft today after the Bank of Japan performed a monetary policy meeting and revised its economic projections. The losses were not particularly big, though.

NZ Dollar Rallies After Consumer Inflation Surprises Positively

NZ Dollar Rallies After Consumer Inflation Surprises Positively

Wed, 23 Jan 2019 0:46

The New Zealand dollar climbed by the end of the Tuesday's trading session and continued to rally during the early Wednesday's session. The rally was a result of the better-than-expected inflation data. Before the report, the currency was moving either sideways or down versus its major peers.

Commodity Blog

Crude Drops 2%, Dragged Down by Worsening Market Sentiment

Wed, 23 Jan 2019 0:09

Futures for crude oil fell about 2% on Tuesday as the market sentiment soured. There was a range of factors that led to worsening of the traders' mood. One...

Coffee Futures Fall As Market Braces for Short-Term Slump

Tue, 22 Jan 2019 16:20

Coffee futures are trading lower on Tuesday as a barrage of reports points to one thing: a short-term slump. But this could change as the year progresses,...

Gold Slips to One-Month Low As Investors Jump Back Into Equities

Mon, 21 Jan 2019 18:25

Gold futures slipped to their lowest levels in a month as investors have renewed their interest in the equities market. With a greater risk appetite among traders,...

Forex Video Zone

Gold Forecast — January 23rd 2019

Wed, 23 Jan 2019 16:02

In this video, the Trader Guy looks at the commodity, gold for the January 23rd session. Gold/USD — The Tuesday session saw the market pull back a bit, but found support at 1.280 level. However, Monday session lacked volatility due to Americans celebrating the Martin Luther King Day. It looks like the market is aiming to go towards the 1,300 level in the short-term. A break below the bottom of the ...

Bitcoin Forecast — January 23rd 2019

Wed, 23 Jan 2019 15:43

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the January 23rd session. Bitcoin/USD — The market was bearish on Tuesday session, but managed to find support at the 3,500 level. However, the Monday session did not help bitcoin much. The market is going through choppiness, but the bearish bias could remain for a while. So, you can sell rallies that show signs of exhaustion....

Daily Market Roundup — January 23rd 2019

Wed, 23 Jan 2019 15:03

The Japanese yen looks bearish. The British pound is looking bullish. The EUR/USD pair is going through a consolidation. It shows a bearish sentiment with resistance at 1.1387. The resistance levels are 1.1387, 1.1425, and 1.1486. The support levels are 1.1306, 1.1256, and 1.1150. The USD/JPY pair bounced after finding support at 109.15, but looks bearish. The resistance levels are 110.04, 110.52, and 111.46. The support levels are 109.15, 108.73,...