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 (as of April 2016). 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. Everyone can participate in foreign exchange trading via the Forex brokers.

You can start learning to trade by going through our free Forex course. You can also join a friendly community of traders at the Forex forum.

Latest in Forex

Forex Blog

Forex Brokers Update — January 21st, 2018

Sun, 21 Jan 2018 16:49

Just a few updates to report on this week: eToro no longer accepts deposits via SOFORT. Now, the broker offers only one account type, simplifying the matter for prospective traders. NordFX revamped its system of account types reducing their number from six to three. Alfa-Forex no longer keeps...

Weekly Forex Technical Analysis (Jan 22 — Jan 26)

Sat, 20 Jan 2018 10:07

EUR/USD

Floor pivot points

3rd Sup2nd Sup1st SupPivot1st Res2nd Res3rd Res
1.1993 1.2079 1.2151 1.2237 1.2309 1.2395 1.2467

Woodie's pivot points

2nd Sup1st SupPivot1st Res2nd Res
1.2075 1.2143 1.2233 1.2301
...

US Fundamentals Support Short-Lived EUR/USD Rally

Thu, 18 Jan 2018 16:54

The US dollar had been falling against the euro throughout today's trading session, but it had stopped its descent just before the New York trading session began. The rally in the EUR/USD currency pair was reignited by the release of the scheduled US macroeconomic statistics. US housing starts and building permits...

Forex News

Pound Declines Against US Dollar on Weak UK Retail Sales Data

Pound Declines Against US Dollar on Weak UK Retail Sales Data

Fri, 19 Jan 2018 14:13

The British pound today declined against the US dollar after the release of weak UK retail sales data for December. The pound initially fell after the retail sales report before rallying higher to new post-Brexit highs after which a downtrend ensued.

Euro Consolidates Gains Against US Dollar on Mixed US Data

Euro Consolidates Gains Against US Dollar on Mixed US Data

Thu, 18 Jan 2018 15:13

The euro today consolidated gains made against the US dollar after the release of mixed data from the US docket in the early North American session. The euro declined against the greenback during the Asian session but reversed this trend in the early European session to rally higher.

Euro Trades Lower on ECB Jawboning and Positive Eurozone Data

Euro Trades Lower on ECB Jawboning and Positive Eurozone Data

Wed, 17 Jan 2018 14:39

The euro today traded at new lows against the US dollar after members of European Central Bank issued warnings regarding the euro's exchange rate. The single currency largely ignored the positive Eurozone inflation data released in the early European session.

Commodity Blog

Gold Prices Lower on Reports of End to US Government Shutdown

Mon, 22 Jan 2018 17:39

Gold futures are trading lower to start the trading week as reports suggest the US government shutdown may be on the verge of coming to an end. The news helped...

Palladium Consolidates in Symmetrical Triangle on H4 Timeframe

Sun, 21 Jan 2018 19:35

Palladium is trading in an unstoppable long-term uptrend for two years now. Its recent price action on the 4-hour chart suggests a consolidation in a symmetrical triangle, which...

Commodities Technical Analysis, January 22nd — January 26th

Sun, 21 Jan 2018 19:23

The technical analysis, that includes the indicators’ data and major pivot points for WTI Oil, Gold, Silver and Copper as traded on spot market as of January 21st, 2018:...

Forex Video Zone

Forex Trading — Technical Analysis — Bollinger Bands

Mon, 22 Jan 2018 17:41

Bollinger Bands can help you in many ways and are a central element to most technical setups. We would encourage you to keep the Bollinger Bands on top of your charts at all time, because they give you a very good idea of how the market usually behaves. They are mostly derived from 20-period SMA. An important thing to know about Bollinger Bands is that they are a good indicator...

Forex Trading: Trading Psychology Explained

Mon, 22 Jan 2018 16:20

It is often debated whether trading psychology is really important or just overrated. Trading psychology is the number one thing that separates the winners from the losers. I believe that a person's ability to handle and overcome stressful situations like experiencing a losing position and managing greed plays a central role in determining a trader's success. If you are not psychologically prepared to handle the stress that comes with trading,...

European Assets Keep Gains Against USD

Mon, 22 Jan 2018 15:14

This week, the euro will come under spot light. On Thursday, the ECB will hold the monetary policy meeting where it will decide on the interest rate path and the quantitative easing. Markets are waiting for the ECB monetary policy meeting and have great hopes for it. However, it seems that nobody wants to risk, so the euro lacks upward momentum. It is highly...