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

  • Timur from Russia writes about FxPro:

    I’m completely satisfied with FxPro. It is the first broker where I have no serious problems. The platform is very easy to use. Also, they provide a wide range of trading tools.

  • Oswald Becker from Germany writes about AAFX Trading:

    Basically I am a scalper and to the scalpers, broker is one of the facts because there are still many brokers who create problems to scalpers. But AAFX is a good choice to the scalpers because they allow traders with all advanced technologies and all...

  • Ray Bill from Croatia writes about Coinexx:

    After analyzing and testing them for a year and a half all I can say is, they are what all other traders are claiming them to be- the Best Broker to choose for trading today. Mostly all the brokers I have traded with have created drama in one way or ...

  • Vives Shan from Hong Kong writes about AAFX Trading:

    I started trading with AAFX when I came to the US for my higher education. Before I was trading with another broker, but that company is not eligible to provide their services on the US territory. As I opened my account back at home, I could try trad...

Forex Blog

EUR/USD Declines Despite Poor US Macroeconomic Data

Tue, 25 Jun 2019 21:05

EUR/USD declined today, though trimmed losses by the end of the trading session. The currency pair fell even as most US macroeconomic indicators released on Tuesday were disappointing. S&P/Case-Shiller home price index rose 2.5% in April, year-over-year, in line with expectations. The index was up 2.6% the month before....

Weekly Forex Technical Analysis (Jun 24 — Jun 28, 2019)

Sat, 22 Jun 2019 9:50

EUR/USD

Floor pivot points

3rd Sup2nd Sup1st SupPivot1st Res2nd Res3rd Res
1.1045 1.1113 1.1241 1.1309 1.1438 1.1506 1.1634

Woodie's pivot points

2nd Sup1st SupPivot1st Res2nd Res
1.1128 1.1272 1.1325 1.1468
...

EUR/USD Rallies on Markit PMIs

Fri, 21 Jun 2019 15:31

EUR/USD rallied today, rising for the third consecutive trading session. While the dovishness of the Federal Reserve continued to support the currency pair, PMIs released by Markit today were also helping. Most indicators for the eurozone exceeded expectations, while the US indicators missed forecasts. The better-than-expected US housing data halted...

Forex News

Pound Rallies on USD Weakness, Falls on Boris Johnson’s Remarks

Pound Rallies on USD Weakness, Falls on Boris Johnson’s Remarks

Tue, 25 Jun 2019 15:50

The British pound today rallied to its daily highs early in the session driven largely by US dollar weakness as investors expect the Fed to announce its rate cut plans. However, the GBP/USD currency pair quickly dropped following comments by Boris Johnson regarding the October 31st Brexit deadline.

Japanese Yen Strengthens on Leading Economic Index, Easing Signals

Japanese Yen Strengthens on Leading Economic Index, Easing Signals

Tue, 25 Jun 2019 14:41

The Japanese yen is strengthening on Tuesday after new economic indexes climbed in April. This comes soon after the central bank signaled that it is willing to ease monetary policy if the economy warrants stimulus.

NZ Dollar Rallies as Exports Reach Record Levels

NZ Dollar Rallies as Exports Reach Record Levels

Tue, 25 Jun 2019 13:16

The New Zealand dollar rallied against other most-traded currencies today after nation's trade data showed extremely positive results.

Commodity Blog

Bitcoin Breaches $11,500 Resistance to Post More Gains

Tue, 25 Jun 2019 23:16

Bitcoin's unfaltering recovery has continued unabated this week, with prices breaking through historical resistance at $11,500. The digital currency traded as high...

Soybean Jumps As Crop Planting Expected to Be Higher

Tue, 25 Jun 2019 13:02

Soybean futures climbed higher on Tuesday as a major weather service predicted a substantial jump in soybean planting this week. This comes as US soybean export...

Crude Oil Loses Gains on Supply Concerns

Mon, 24 Jun 2019 16:07

Crude oil rallied earlier today, bolstered by the conflict between the United States and Iran. Yet by now, the commodity has lost its gains, trading...

Forex Video Zone

Bitcoin Forecast — June 25th 2019

Tue, 25 Jun 2019 7:50

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the June 25th session. Bitcoin/USD — The Monday session was very strongly bullish for bitcoin, as it is now trading above the $11,000 level. This is seen as an important move, as the market has broken above the $10,000 level, which is psychologically important level as resistance. To the upside, the target is $12,000. The market has been parabolic and looks very...

Gold Forecast — June 25th 2019

Tue, 25 Jun 2019 7:43

In this video, the Trader Guy looks at the commodity, gold for the June 25th session. Gold/USD — The market is now trading above the $1,400 level. The market opened on Monday session gapping higher. Do not expect to sell this market. But look for pullbacks and utilize them as buying opportunities. The dovish FOMC statement by the Fed from last week has weakened the greenback and strengthened gold. So, this...

Daily Market News — June 25th 2019

Tue, 25 Jun 2019 7:29

In commodities, gold is looking bullish. Also, the safe haven currencies such as the yen and the franc are looking strong. The greenback remains bearish, caused by the dovish FOMC statement by the Fed from last week. The EUR/USD pair is looking bullish at the moment and has made a new 3-month highs. The resistance levels are 1.1477, 1.1540, and 1.1572. The support levels are 1.1375, 1.1312, and 1.1271. The USD/JPY pair is...