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 Gets Temporary Correction from Positive US Data

Mon, 16 Jul 2018 14:23

The euro was in a positive trend against its US counterpart during the most part of the trading session today. Later, the uptrend encountered a minor correction fueled with the better-than-expected macroeconomic indicators released by the US agencies. However, the correction failed to reverse the prevailing trend so far. Retail sales rose 0.5%...

Weekly Forex Technical Analysis (Jul 16 — Jul 20)

Sat, 14 Jul 2018 9:53

EUR/USD

Floor pivot points

3rd Sup2nd Sup1st SupPivot1st Res2nd Res3rd Res
1.1424 1.1518 1.1602 1.1696 1.1780 1.1874 1.1958

Woodie's pivot points

2nd Sup1st SupPivot1st Res2nd Res
1.1516 1.1597 1.1694 1.1775
...

EUR/USD Fails to Enter Downtrend, Ignores US Fundamentals

Fri, 13 Jul 2018 15:52

EUR/USD was falling during the European trading session and rising during the US one today, but did not pay a lot of attention to the macroeconomic indicators. Those were largely negative for the US dollar. US export and import prices demonstrated mixed performance in June. Export prices increased by 0.3% while the import...

Forex News

Canadian Dollar Climbs Higher As Investors Focus on Data

Canadian Dollar Climbs Higher As Investors Focus on Data

Mon, 16 Jul 2018 20:15

The Canadian dollar posted mild gains against its American counterpart on Monday as the loonie climbed above 76 cents for the first time in a week. While the loonie will try to find direction from the US dollar, investors will also concentrate on several key economic events this week.

Euro Rallies on Risk-On Sentiment, Later Declines on US Retail Sales

Euro Rallies on Risk-On Sentiment, Later Declines on US Retail Sales

Mon, 16 Jul 2018 14:26

The euro today rallied higher amid calm global financial markets, which encouraged a risk-on mood among investors boosting the single currency. However, the euro gave up some of its gains against the US dollar following the release of mixed US retail sales data in the early American session.

British Pound Declines Before Trump-May Meeting, Later Rallies Higher

British Pound Declines Before Trump-May Meeting, Later Rallies Higher

Fri, 13 Jul 2018 16:57

The British pound today headed lower in the early European session following comments by Donald Trump ahead of his meeting with the British Prime Minister. However, the pound staged a recovery from the early American session as the US dollar experienced a modest retracement upon which the pound capitalized.

Commodity Blog

Gold Flat on Positive Economic Data, Lower US Dollar

Mon, 16 Jul 2018 14:39

As a plethora of positive economic news comes pouring in and the US dollar tumbles, gold futures are trading flat to kick off the trading week. Can the precious...

Commodities Technical Analysis, July 16th — July 20th

Sun, 15 Jul 2018 10:09

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 July 15th,...

Gold Hovers Around Lowest Settlement Since July 2017

Fri, 13 Jul 2018 15:37

Gold futures are tumbling on Thursday as they are on track for their lowest settlement in a year. As the US dollar climbs, giving the Federal Reserve more ammunition...

Forex Video Zone

What Helps Oil Prices Remain Buoyant?

Mon, 16 Jul 2018 15:42

The start of the new trading week was rather calm and provided no surprises to oil traders. After a sell-off session that was seen last week, oil prices leveled out today, hovering near 2-week lows. However, Brent prices have already retreated from the level of $75 per barrel to $74. Probably, it will continue falling with the target at $70. Today, macroeconomic statistics from China showed...

European Traders Hope for Best

Mon, 16 Jul 2018 13:41

Tensions in the trade conflict between the United States and the European countries, and China eased, so the market sentiment improved. First of all, traders on the EUR/USD pair dared to test the resistance level at 1.17. The most traded currency pair rebounded from the 2-week low at 1.1620 and is trying to maintain the bullish bias. The euro traders hope that the countries will manage to avoid trade wars. At any rate, the European authorities readiness to start a constructive...

Know About MACD Indicator

Mon, 16 Jul 2018 12:27

Moving average convergence divergence is a trend-following momentum indicator that shows the relationship between two moving averages of prices. The MACD is calculated by subtracting the 26-day EMA from the 12-day EMA. A 9-day EMA of the MACD, called the signal line, is then plotted on top of the MACD, functioning as a trigger fro buy and sell signals. There are three common methods used to interpret the MACD.

  1. Crossovers — As shown in the chart above, when
...