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

  • Dan A. from Cameroon writes about Fort Financial Services:

    My first impressions were not great but I gained a lot of respect for FortFS. There was a misunderstanding at first and I lost my bonus but they can admit when they were wrong and solved the issue with my order. The live chat was super helpful. I wil...

  • S.Smith from United States writes about Coinexx:

    This was my first time purchasing bitcoin to fund an account. I got an address from the terminal it took me about an hour to figure everything out. I purchased through Coinbase so it took a long time going through all the confirmations so I just chec...

  • Merry Balti from Finland writes about ForexChief:

    What they offer is exactly what is written in their website. I have noticed the spreads are even lower. There have been a couple of platform freezing when there is important economic news update. Still, my overall experience with the broker is positi...

  • Anna from Ukraine, Lviv writes about IFC Markets:

    As many of us I have traded with several companies and there is something I noticed:

    Info on official website not always represent the facts!!! It just makes me crazy every time.

    And there is why I am writing my first review about any broker:

    Inf...

Forex Blog

Forex Brokers Update — December 16th, 2018

Sun, 16 Dec 2018 12:15

With another week passing empty-handed as of new brokers, we report on some of the listed Forex companies that have been updated: TradeCMX increased its minimum account size dramatically — from $50 to $10,000. Tifia reduced the minimum account size from $100 to $10. The broker has launched cryptocurrency trading...

Weekly Forex Technical Analysis (Dec 17 — Dec 21)

Sat, 15 Dec 2018 9:57

EUR/USD

Floor pivot points

3rd Sup2nd Sup1st SupPivot1st Res2nd Res3rd Res
1.1063 1.1166 1.1236 1.1339 1.1409 1.1512 1.1582

Woodie's pivot points

2nd Sup1st SupPivot1st Res2nd Res
1.1158 1.1219 1.1331 1.1392
...

EUR/USD Tanks, Hurt by Weak Economic Data in Eurozone & China

Fri, 14 Dec 2018 17:25

EUR/USD tanked today after economic reports released in the eurozone and China during the trading session turned out to be worse than market participants anticipated, putting the Forex market into a risk-off mode. Meanwhile, US retail sales were slightly above expectations, helping the dollar a bit,...

Forex News

Pound Ends Week as Weakest Currency due to Brexit Worries

Pound Ends Week as Weakest Currency due to Brexit Worries

Sat, 15 Dec 2018 15:11

The Great Britain pound ended the week as the weakest currency on the Forex market as the Brexit and associated uncertainties were in the center of the traders' attention. The US dollar, on the other hand, ended the week strongest due to risk aversion.

Euro Crashes to New Monthly Lows on Weak Eurozone PMI Prints

Euro Crashes to New Monthly Lows on Weak Eurozone PMI Prints

Fri, 14 Dec 2018 17:01

The euro today crashed to new monthly lows in the early European session following the release of multiple disappointing flash PMI readings from across the eurozone by IHS Markit.

Chinese Yuan Weakens on Disappointing Economic Data

Chinese Yuan Weakens on Disappointing Economic Data

Fri, 14 Dec 2018 16:10

The Chinese yuan is weakening at the end of the trading week on recent National Bureau of Statistics (NBS) data that disappointed investors. This year, the currency’s descent has been in line with the trends plaguing the national economy, leaving many analysts wondering if the yuan will maintain this negative performance in 2019.

Commodity Blog

Commodities Technical Analysis, December 17th — December 21st

Sun, 16 Dec 2018 10:24

The technical analysis, that includes the indicators’ data and major pivot points for WTI Oil, Gold, Silver, Copper, and Natural Gas in continous charts as of December 16th,...

Crude Oil Falls Further Even as US Drillers Reduce Number of Oil Rigs

Fri, 14 Dec 2018 20:50

Crude oil extended its previous losses today, heading to end the session with more than 2% decline. Prices continued to sink even as US...

Gold Falls, Poised for a Weekly Loss on Rallying Greenback

Fri, 14 Dec 2018 15:47

Gold futures are tumbling to finish off the trading week, leading to a weekly loss for the yellow metal. Gold prices are taking a hit because of a rallying...

Forex Video Zone

How to Apply Bollinger Bands Trading Style in Forex?

Sun, 16 Dec 2018 14:16

In this video, you will learn about the Bollinger Bands indicator, and how to use it in your trading. This is one of the indicators that is used to measure volatility in the market. You can also identify ranging and trending conditions in the market. The indicator consists of 3 lines. The middle line is the moving average. Two lines above and below represent the standard deviation. The volatility can be measured by observing the distance between...

How to Use and Measure Market Volatility for Trading?

Fri, 14 Dec 2018 16:17

In this video, you will learn how to measure and use volatility in forex trading. Measuring volatility is extremely important, as you get more price movements resulting in larger profit for your trades. When the market is not volatile, there is no point trading it, because the market is not clear in its direction, and stay flat. You don't earn much profit from such market conditions...

New Zealand Dollar and Agriculture

Fri, 14 Dec 2018 15:42

The Australian and the New Zealand dollar are commodity currencies. In this video, you will learn about how agriculture plays a key role in the economic growth and controls the value of the kiwi. New Zealand exports commodities such as milk, wool, meat, etc. to Asian countries. It is seen as a shopping place for many developing countries for products related to dairy industry. For example, look at this chart. There are 3...