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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Forex Blog

EUR/USD Soars as FOMC Patient No More

Wed, 19 Jun 2019 19:18

EUR/USD rose sharply today after the monetary policy announcement from the Federal Open Market Committee. While the FOMC did not change its policy at today's meeting, the fact that the statement dropped the word "patient" led to speculations that an interest rate cut may happen as soon as the next...

EUR/USD Rallies on Monday, Ends Session Trimming Gains

Mon, 17 Jun 2019 23:01

EUR/USD rallied on Monday, though trimmed gains by the end of the trading session. Analysts pointed at the slump of the Empire State Manufacturing Index as one of the possible reasons for the rally, but the currency pair actually halted its upward movement after the release. NY Empire State Index tumbled from 17.8 in May to -8.6 ...

Weekly Forex Technical Analysis (Jun 17 — Jun 21, 2019)

Sun, 16 Jun 2019 11:24

EUR/USD

Floor pivot points

3rd Sup2nd Sup1st SupPivot1st Res2nd Res3rd Res
1.1020 1.1111 1.1161 1.1252 1.1302 1.1393 1.1443

Woodie's pivot points

2nd Sup1st SupPivot1st Res2nd Res
1.1100 1.1140 1.1241 1.1281
...

Forex News

Euro Soft as Domestic Data Hurts

Euro Soft as Domestic Data Hurts

Wed, 19 Jun 2019 20:55

The euro was soft today. While the currency managed to gain on the US dollar thanks to the dovish Federal Reserve, unfavorable domestic macroeconomic data prevented the euro from rising against other most-traded rivals.

Canadian Dollar Rises Sharply as Consumer Inflation Beats Expectations

Canadian Dollar Rises Sharply as Consumer Inflation Beats Expectations

Wed, 19 Jun 2019 19:48

The Canadian dollar was firm today after nation's consumer inflation accelerated and beat analysts' expectations. The rally of crude oil prices likely also helped the currency.

US Dollar Mixed on Dovish, Optimistic Federal Reserve

US Dollar Mixed on Dovish, Optimistic Federal Reserve

Wed, 19 Jun 2019 19:22

The US dollar was mixed against its major rivals midweek as analysts and investors are trying to make heads and tails of the Federal Reserve's latest policy announcement. The US central bank left interest rates unchanged, but it confirmed that it will "closely monitor" the numbers to determine if rates need to be lowered.

Commodity Blog

Oil Rebound After US Inventories Fall More than Expected

Wed, 19 Jun 2019 21:32

West Texas Intermediate crude oil rallied today, erasing its previous losses. Curiously, Brent crude failed to join the rally initially, though...

Gold Rallies as Fed Loses Patience

Wed, 19 Jun 2019 20:25

Gold and other precious metals rallied, erasing the earlier losses, after the Federal Reserve made a monetary policy announcement today. The monetary...

Soybean Plunges 1% as US 2018–19 Soybean Exports Fell 4% in May

Wed, 19 Jun 2019 18:22

Soybean futures are trading lower midweek as new data show that 2018–2019 US soybean exports fell 4% in May. Analysts are blaming...

Forex Video Zone

USD/JPY and AUD/USD Forecast — June 19th 2019

Wed, 19 Jun 2019 17:42

In this video, the Trader Guy looks at the currency pairs USD/JPY and AUD/USD for the June 19th session. USD/JPY — Initially, the market fell on Tuesday session, but found support at the 108.00 level to form a hammer candlestick on the daily chart, A rate cut by the ECB looks likely by means of quantitative easing,. Also, the Fed is expected to do the same thing causing the greenback to weaken. In that case, the market could head towards the 109.00 level....

EUR/USD and GBP/USD Forecast — June 19th 2019

Wed, 19 Jun 2019 17:34

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the June 19th session. EUR/USD &mdjash; The Tuesday session saw the market to rally initially, but then fell back due to resistance at 1.1250. Now, it is trying to locate support at 61.8% Fibonacci retracement level. The ECB looks dovish at the moment. Investors are awaiting for the release of the FOMC statement by the Fed. A dovish stance by the Fed in terms of its monetary policy...

Bitcoin Forecast — June 19th 2019

Wed, 19 Jun 2019 17:16

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the June 19th session. Bitcoin/USD — On Tuesday session, the market initially rallied, and the fell back facing resistance at the top of this ascending price channel to form a shooting star candlestick on the daily chart. This market looks overbought at the moment and could pull back a bit. To the upside, the 10,000 level is the target. To the downside, the 8,000 level could offer support. Investors...