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

  • P France from PH writes about LMFX:

    I have traded with this broker from 2016 and I had quite satisfactory trading experience with LMFX, no critical issues encountered so far. This broker has 3 main account types that, however, I recommend Premium for no commission with acceptable sprea...

  • Leah T. writes about ForexChief:

    I have not had problems with this agent, although I am new to this type of business, they have been answering my doubts and I think that their system works very well, in comparison with other brokes that I have seen forexchief is fast and very respon...

  • John from Canada writes about IFC Markets:

    I would like to share my personal experience with IFC Markets. Hope it will help someone to make correct decision in choosing a broker.

    So, my journey with IFC started 2 years ago. They offer fixed spread account which attracted me the most (I had s...

  • Ava Johnson from Netherlands writes about Coinexx:

    Really good broker. After my finpro account was transferred here, I was bit worried how everything will go down, but they supported and helped me throughout the process. I would have to give out huge shout out to the support here who was available ev...

Forex Blog

Forex Brokers Update — February 17th, 2019

Sun, 17 Feb 2019 20:28

One new broker has been added to the list of companies on during the last week: CapitalXP — an unregulated broker based in an offshore jurisdiction, it offers MT4 trading with $250 minimum account size and 1:100 maximum leverage. Updates to the existing brokers included: ...

Weekly Forex Technical Analysis (Feb 18 — Feb 22, 2019)

Sat, 16 Feb 2019 9:47


Floor pivot points

3rd Sup2nd Sup1st SupPivot1st Res2nd Res3rd Res
1.1128 1.1181 1.1236 1.1288 1.1343 1.1396 1.1451

Woodie's pivot points

2nd Sup1st SupPivot1st Res2nd Res
1.1182 1.1237 1.1289 1.1344

EUR/USD Bounces After Mixed US Data

Fri, 15 Feb 2019 21:34

EUR/USD was heading lower at the beginning of the Friday's trading session but has bounced later and is now trading near the opening level. Data in the United States was mixed, but it looks like traders paid more attention to bad parts as the currency were moving higher after almost every...

Forex News

Chinese Yuan Strengthens As Investors, Officials Weigh Economy

Chinese Yuan Strengthens As Investors, Officials Weigh Economy

Wed, 20 Feb 2019 18:42

The Chinese yuan is strengthening midweek as foreign exchange markets are taking a break from combing through data. But investors and officials are weighing decisions that may or may not boost national growth, including in the rural areas of the world’s second-largest economy.

Pound Declines Amid Brexit Uncertainty and Tory Party Defections

Pound Declines Amid Brexit Uncertainty and Tory Party Defections

Wed, 20 Feb 2019 16:21

The Sterling pound today was on a downtrend against the US dollar as investors reacted to the Brexit stalemate among UK leaders, which has led to party defections. The GBP/USD currency pair declined for most of the Asian session before consolidating in the European session, but was rallying higher at the time of writing.

Canadian Dollar Gains on Lack of Data, Higher Energy Prices

Canadian Dollar Gains on Lack of Data, Higher Energy Prices

Tue, 19 Feb 2019 20:43

The Canadian dollar is taking advantage of the lack of data and news on Tuesday, rallying mostly on higher energy prices. After several consecutive reports of mixed numbers, the loonie is enjoying a breather and making gains against some of its currency rivals.

Commodity Blog

Copper Posts Sixth Straight Gain on US-China Trade Optimism

Wed, 20 Feb 2019 17:43

Copper futures will record their sixth consecutive gain midweek as investors remain optimistic that the US and China are on the cusp of striking a new trade...

Bitcoin Ready for Another Run at $4,000

Wed, 20 Feb 2019 15:08

Cryptocurrency investors saw Bitcoin prices briefly reach $4,000 yesterday. While they have retreated back below this resistance level, they remain...

Soybean Plunges As Chinese Imports Fall, EU Threatens US

Tue, 19 Feb 2019 18:35

Soybean futures are plunging on Tuesday on new data that found Chinese imports of US soybeans fell last month. The agricultural commodity is also...

Forex Video Zone

EUR/USD and GBP/USD Forecast — February 20th 2019

Wed, 20 Feb 2019 14:53

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the February 20th session. EUR/USD — The market rallied a little bit on Tuesday session. The 1.12 level below could offer plenty of support. The 1.12 level is also the bottom of this consolidation, as you can see on the daily chart. So, pullbacks are seen as buying opportunities, with the 1.13 level to the upside as target. The market could make a slow grind...

Candlestick Continuation Patterns - A Simple Explanation

Wed, 20 Feb 2019 14:49

In this video, you will learn about the candlestick continuation patterns. The continuation patterns are used to tind out if the present trend will continue in its direction. For example, as you can see, this is an uptrend. Then the market goes through a brief period of consoldation. After this, the market breaks resistance, and produces an impulsive candle to continue with the uptrend. The market pulls back and produces a hammer...

Bitcoin Forecast — February 20th 2019

Wed, 20 Feb 2019 14:40

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the February 20th session. Bitcoin/USD — The Tuesday session saw the market to rally pretty significantly after a quiet trading session on Monday. The Americans were celebrating the President's Day on Monday and that contributed to low volume. A break of this downtrend line is seen as a bullish sign. But the market has only reached the top of this consolidation zone, which...