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

  • anabele from united kingdom writes about Coinexx:

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  • Eric from Netherlands writes about IFC Markets:

    I’ve been trading with IFC Markets for more than 3 years as I like DMA brokers. This company has never manipulated the prices.

  • Anna Zlankovich from Romania writes about PaxForex:

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Forex Blog

Weekly Forex Technical Analysis (Jul 16 — Jul 20)

Sat, 14 Jul 2018 9:53


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...

EUR/USD Recovers on Mixed US Data

Thu, 12 Jul 2018 18:42

The euro had fallen against the US dollar during the first half of the European trading session before the US macroeconomic data was released. Following the release of the inflation and employment indicators, the EUR/USD currency pair has recovered its losses. US CPI was reported to have risen 0.1% in June on a seasonally adjusted...

Forex News

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.

Euro Drops on Mixed ECB Minutes, Later Rallies on US Inflation Data

Euro Drops on Mixed ECB Minutes, Later Rallies on US Inflation Data

Thu, 12 Jul 2018 16:10

Earlier today, the euro dropped to new weekly lows following the release of the minutes of the European Central Bank's latest Governing Council meeting. The single currency headed lower despite the release of positive German inflation data, but rallied higher in the American session following the release of US CPI data.

Canadian Dollar Rallies on Hawkish BoC Rate Hike, Later Trims Gains

Canadian Dollar Rallies on Hawkish BoC Rate Hike, Later Trims Gains

Wed, 11 Jul 2018 16:32

The Canadian dollar today appreciated against its American counterpart after the Bank of Canada's interest rate decision, which was widely anticipated. The loonie's rally served to drive the USD/CAD currency pair to fresh 2-day lows even as the BoC hinted at a hawkish stance on future monetary policy decisions.

Commodity Blog

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...

Natural Gas Prices Dip As EIA Reports Increase in Domestic Inventories

Thu, 12 Jul 2018 15:53

Natural gas futures are tumbling on Thursday after the US government reported a lower-than-expected increase in domestic supplies. Natural gas, continuing its month-long...

Forex Video Zone

Know About RSI Indicator

Sun, 15 Jul 2018 15:03

The relative strength index (RSI) is a technical momentum indicator that compares the magnitude of recent gains to recent losses in an attempt to determine overbought and oversold conditions of an asset. It is calculated using the following formula: RSI = 100 — 100 (1+RS*) *Where RS = Average of x days' up closes / Average of x days' down closes. At the bottom of the chart below, the RSI, on a scale of 0–100, indicates that the overbought...

Know About Bollinger Band

Sun, 15 Jul 2018 14:16

A Bollinger Band is a band plotted with two standard deviations away from a simple moving average, developed by famous technical trader John Bollinger. Bollinger Bands consists of a middle band with two outer bands. The middle band is a simple moving average that is usually set at 20 periods. A simple moving average is used because the standard deviation formula also uses a simple moving average....

Wild Week for Oil Raises Questions

Fri, 13 Jul 2018 15:26

Commodity experts present controversial forecasts for a further dynamic of Crude Oil prices. While Brent Crude Benchmark grade is consolidating at around a 2.5-week low, markets are digesting big swings in oil prices earlier in the week. Many experts foresee a change in trading sentiment and share the viewpoint there is a good chance of a price bounce to previous highs. Making this optimistic forecast, analysts take into account the terms of the deal...