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

  • 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...

  • Armend from Azerbaijan writes about Coinexx:

    After a long time, i have found a broker that has been consistently delivering superb trading conditions. Platform execution & stability is superb, spreads are narrow & cryptos on MT4 makes them a broker worth trading with. Deposit/withdrawals are on...

Forex Blog

EUR/USD in Short-Term Symmetrical Triangle on Daily

Sun, 9 Dec 2018 16:50

The previous EUR/USD symmetrical triangle formation was a long-term one — it lasted through the entire summer of 2018. The current one is a short-term one, having started just a month ago. Although the previous pattern failed as a trade, the currency pair indeed continued its downward trend. The current...

Forex Brokers Update — December 9th, 2018

Sun, 9 Dec 2018 16:20

This week, there were no new Forex brokers to report on, but some of the old companies have been updated: RoboForex no longer offers Pro-ECN account type. Trader's Way now offers MT5 ECN accounts. FXCM now has agriculture CFDs available for trading (wheat and corn)....

Weekly Forex Technical Analysis (Dec 10 — Dec 14)

Sat, 8 Dec 2018 9:50

EUR/USD

Floor pivot points

3rd Sup2nd Sup1st SupPivot1st Res2nd Res3rd Res
1.1217 1.1264 1.1330 1.1377 1.1443 1.1490 1.1556

Woodie's pivot points

2nd Sup1st SupPivot1st Res2nd Res
1.1269 1.1340 1.1382 1.1453
...

Forex News

Canadian Dollar Weakens on Falling Crude Prices, Mixed Data

Canadian Dollar Weakens on Falling Crude Prices, Mixed Data

Mon, 10 Dec 2018 18:57

The Canadian dollar is weakening against its American counterpart on Monday, driven by falling crude prices and mixed economic data. The loonie was looking to extend the momentum following last week’s upbeat jobs report, but it has since joined other commodity currencies in the decline.

British Pound Crashes Against US Dollar on Delay of Crucial Brexit Vote

British Pound Crashes Against US Dollar on Delay of Crucial Brexit Vote

Mon, 10 Dec 2018 15:50

The Sterling pound today crashed against the US dollar following media reports that the crucial Brexit vote scheduled for tomorrow had been postponed by the Prime Minister. The pound had reacted in a stable fashion earlier in the day following the release of the latest monthly UK GDP estimate, which was in line with expectations.

Canadian Dollar Ends Week Lower on Risk Aversion, Falling Oil Prices

Canadian Dollar Ends Week Lower on Risk Aversion, Falling Oil Prices

Sat, 8 Dec 2018 17:09

The Canadian dollar ended the week lower, joining other commodity currencies in decline. The main theme of the week was risk aversion on the Forex markets, which made safer currencies the strongest, while hurting riskier currencies related to raw materials and growth.

Commodity Blog

Gold Hovers Around Five-Month High Amid Market Rout

Mon, 10 Dec 2018 18:20

Gold futures are down to kick off the trading week, but they are hovering around their best levels in five months. The yellow metal...

Symmetrical Triangle on H4 Chart of Natural Gas

Sun, 9 Dec 2018 16:00

A symmetrical triangle pattern has formed on the 4-hour chart of natural gas. Being a continuation pattern, it suggests that prices will likely continue to go...

Commodities Technical Analysis, December 10th — December 14th

Sun, 9 Dec 2018 10:18

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 9th,...

Forex Video Zone

Pound Plummets after Theresa May Calls Off Vote in Parliament

Tue, 11 Dec 2018 14:19

Market participants who took short positions on the pound gained yesterday. This was due to Theresa May cancelled the decision to decide the draft Brexit deal in the British Parliament by voting. Hence it looks likely that Britain will leave the European Union with a harsh Brexit, no deal at all. Another likely scenario is another referendum on Brexit. So, the pound fell to 18-month low. The outlook for the pound in the near-term looks...

Daily Market Roundup — December 11th 2018

Tue, 11 Dec 2018 12:49

The greenback gained and British pound fell to a new 18-month low. The EUR/USD pair has failed to break the resistance at 1.1445. Support exists below at 1.1350. The resistance levels are 1.1453, 1.1547, and 1.1572. The support levels are 1.1350, 1.1306, and 1.1256. The USD/JPY pair is no longer in a clear channel and is suppressed by a bearish trendline. The resistance levels are 113.23, 114.18, and 114.74. The support levels are 112.19, 111.43, and 111.31. The GBP/USD...

Strategy: Three Black Crows and Three White Soldiers Candlestick Patterns

Mon, 10 Dec 2018 13:53

In this video, you will learn how to identify and trade the three soldiers and the three crows pattern. You will locate the three soldiers pattern after a downtrend. It consists of three bullish candlesticks. The size of the second and third candlesticks should be nearly same. You can enter a long position here with a stop-loss. However, if the third candlestick appears with a slightly smaller body, it also...