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

  • Elise Y from Venezuela writes about ForexChief:

    I see that many prefer to use mt4, but I honestly think that the mt5 is better developed with respect to the functionality of the previous version, I have a mt5 with forexchief, it gives me a lot of financial information and news, analysis tools amon...

  • Alex writes about FxPro:

    What I like the most about FxPro is EA trading. Great conditions for algorithmic trading systems without limits on trading strategies. Also, I am very satisfied with different payment systems proposed by the broker.

  • Manager RF writes about RoboForex:

    Dear Phumudzo

    Stop orders, due to their execution mechanics may be executed at prices that are different than the ones set in the order. This is especially true at the times when major news events occur.

    We recognize however that every such si...

  • Abbie Barrn from UK writes about PaxForex:

    Great customer service.

    I have been using Paxforex for around a year, they always provide great customer service and low spreads. I started working with Pax with a stander account and after some time I upgraded to VIP.

Forex Blog

EUR/USD Fails to Keep Intraday Gains, Retreats Below Opening

Wed, 22 May 2019 21:47

Trading was somewhat directionless during the Thursday's trading session. Moves of EUR/USD reflected that as the pair was moving higher intraday but then reversed its direction and went below the opening level. The EUR/USD pair continued to move lower after the release of FOMC minutes, which suggested that the FOMC...

Forex Brokers Update — May 19th, 2019

Sun, 19 May 2019 9:41

It was one more week without new additions of broker listings to our website. The updates included: RoboForex removed Fix-Cent account type. Modified Pro-Cent account type for slightly higher spreads and increased a minimum account size there from $1 to $10. The number of currency pairs available for trading has...

Weekly Forex Technical Analysis (May 20 — May 24, 2019)

Sat, 18 May 2019 9:46


Floor pivot points

3rd Sup2nd Sup1st SupPivot1st Res2nd Res3rd Res
1.1012 1.1083 1.1120 1.1191 1.1228 1.1300 1.1336

Woodie's pivot points

2nd Sup1st SupPivot1st Res2nd Res
1.1074 1.1102 1.1183 1.1211

Forex News

Icelandic Krona Crashes As Wow Air Bankruptcy Triggers Recession

Icelandic Krona Crashes As Wow Air Bankruptcy Triggers Recession

Wed, 22 May 2019 17:54

The Icelandic krona is continuing its slide against a basket of currencies midweek as the bankruptcy of a budget airline has triggered a recession, prompting the central bank to spring into action. The latest financial crisis comes roughly a decade since the island nation was on the brink of insolvency following the collapse of several major banks that contributed to the global catastrophe.

Pound Hits New 4-Month Lows As PM May Is Pressured to Resign

Pound Hits New 4-Month Lows As PM May Is Pressured to Resign

Wed, 22 May 2019 14:41

The British pound today hit new 4-month lows against the US dollar as U.K. leaders criticized Theresa May's new proposed Brexit deal, which she outlined yesterday. The GBP/USD currency pair hit new lows as news reports indicated that multiple factions within the Conservative Party were planning to force the Prime Minister to resign.

Japanese Yen Flat amid Directionless Trading

Japanese Yen Flat amid Directionless Trading

Wed, 22 May 2019 11:06

The Japanese yen was largely flat today as trading was somewhat directionless during the current trading sessions, and markets were in a consolidation mode. Over the longer-term, though, the currency should be well-supported by factors that are negative to the risk sentiment.

Commodity Blog

US Crude Crashes As Data Reveals Unexpected Surge in Supplies

Wed, 22 May 2019 16:59

Crude oil futures are crashing midweek after the US government reported an unexpected increase in domestic inventories. US crude prices are further sliding ...

Video: Charts of Gold as of May 22, 2019

Wed, 22 May 2019 10:28

In the present video, Peter Martin from Trading 212 discusses the recent decline of gold. He starts with explaining how the US dollar prevented the commodity...

Bitcoin Bulls Take Another Run at $8,000

Tue, 21 May 2019 21:10

Even by its own tumultuous standards, Bitcoin has had a turbulent month. Investors were rejoicing a profitable April, with prices at the start...

Forex Video Zone

EUR/USD and GBP/USD Forecast — May 22nd 2019

Wed, 22 May 2019 15:36

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the May 22nd session. EUR/USD — The market looks uncertain in terms of direction and is hovering around the 1.1150 level. The market is in a range bound situation. The market is bearish and looks to continue with the downturn. So you can sell rallies that show signs of exhaustion. A break above 1.12 is seen as bullish. A break below...

Bitcoin Forecast — May 22nd 2019

Wed, 22 May 2019 15:33

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the May 22nd session. Bitcoin/USD — The Tuesday trading session was quiet for bitcoin. The market is pressing for resistance at 8,000. So, the market could remain range bound between 7,000 and 8,000. Also, the 6,000 level below looks supportive. So, you can buy pullbacks that show signs of support like a hammer candlestick on smaller timeframes....

Gold Forecast — May 22nd 2019

Wed, 22 May 2019 15:31

In this video, the Trader Guy looks at the commodity, gold for the May 22nd session. Gold/USD — At the moment, the market is trying to pull back, looking for support at 1,270. A break down below this level is very bearish. So, you can sell rallies at the moment that show signs of exhaustion, near this downtrend line or close to the 1,300 level. The alternate scenario is to expect a break...