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

  • Carlos from Spain writes about IFC Markets:

    I've been trading Forex for more than 6 or 7 years with IFC Markets and I've never had any problem.

    I use their own trading platform and seems to work reasonably well. I can't say anything negative about this company, which I think is a good sign....

  • Amir Leon from Noord-Holland writes about Profiforex:

    My wife mentioned Profiforex and convinced me to open an account using our company profile. From my experience, Profiforex was worth the effort. The platform performs fast. There was a time I had a bitcoin deposit delay, it was taking too long to con...

  • iqbal from pakistan writes about AAAFx:

    Not recommend to anyone, Deposit fee $8 lot commission 0.01 = $0.20 and when you will withdraw its $25 fee.

    Keep away `from this broker.

  • Lucas Nilsson from Sweden writes about Admiral Markets:

    Admiral Markets are great in their attempt to broaden the knowledge of their traders. The ultimate website and platform to polish your trading skills.

Forex Blog

EUR/USD Down During Quiet Trading as Dollar Recovers

Tue, 22 Aug 2017 14:52

The US dollar was rebounding against its rivals today. That led to the drop of EUR/USD currency pair, which basically erased yesterday's gains. The disappointing eurozone economic sentiment was not helping the matter either. Meanwhile, US manufacturing was surprisingly robust this month, bolstering the greenback further. Overall,...

GBP/NZD Consolidates in a Symmetrical Triangle After a Fall

Sun, 20 Aug 2017 12:00

The pound had experienced a rather strong rally against the New Zealand dollar from the beginning of 2017 through the middle of May. It then entered a similarly rapid downtrend, which stalled near the end of June. Since then, the currency pair entered a consolidation phase, which has now took a form of a symmetrical...

Forex Brokers Update — August 20th, 2017

Sun, 20 Aug 2017 11:43

One new broker has been added to the list of FX companies on our website this week: Global Prime — a regulated Australian broker with MT4 platform and $500 minimum account size. It offers very low fixed spreads but charges commission for trading. The maximum leverage is 1:200....

Forex News

New Zealand Dollar Lower on Economic Forecast

New Zealand Dollar Lower on Economic Forecast

Wed, 23 Aug 2017 11:40

The New Zealand dollar fell today after the country's government released its budget projections for the year.

USD/JPY Lower After Trump's Comments, Japan's Manufacturing PMI

USD/JPY Lower After Trump's Comments, Japan's Manufacturing PMI

Wed, 23 Aug 2017 11:24

US President Donald Trump riled markets by his comments yet again. The resulting bid for haven allowed the Japanese yen to gain on the US dollar and some other currencies, like the Great Britain pound. Japan's macroeconomic data helped the Japanese currency as well.

Canadian Dollar Touches Highest Level in Three Weeks on Strong Retail Sales

Canadian Dollar Touches Highest Level in Three Weeks on Strong Retail Sales

Tue, 22 Aug 2017 16:05

The Canadian dollar rose against its US counterpart on Tuesday to touch the highest level in three weeks. The loonie also had broad gains against other major peers as Canadian core retail sales posted a strong increase in June, according to fresh data released today.

Commodity Blog

New Bitcoin Low Today, Possible Reversal and Weekly Technical Analysis

Tue, 22 Aug 2017 16:45

Bitcoin has had a very impressive month, characterized by a slew of broken all-time highs, but the latest sweeping correction, has confirmed the end of this bull-run...

Copper Hits Highest Level Since November 2014, Touches $3 Mark

Tue, 22 Aug 2017 16:40

Copper futures surged to their highest levels in nearly three years on Monday as the industrial metal topped the $3 mark. The red metal has climbed more...

US Political Turmoil, Renewed North Korean Tensions Push Gold Closer to $1,300

Mon, 21 Aug 2017 16:53

Gold futures are inching closer to the important $1,300 threshold. With investors losing confidence in President Donald Trump and his ability to enact a pro-business...

Forex Video Zone

How to Add Fibonacci Tool on MT4 Platform

Wed, 23 Aug 2017 11:32

Chris from elite currency, in this video shows you how to place the fibonacci tool. So, it is a simple video to show you how to insert it on your chart. After you open your MT4 platform, look for the Fibonacci tool, then choose Fibonacci, Retracement and click on it. Now, choose a swing low, click your left mouse button, drag it, find your swing high and then...

NZD/USD Remains Under Pressure — Forecast — August 23rd 2017

Wed, 23 Aug 2017 10:44

In this video, the Trading Central looks at the currency pair USD/JPY for the August 23rd session. NZD/USD — Looking at the intraday 30-min chart, the pair has indeed broken below the strong horizontal support at 0.7270 and this level should now behave like resistance. The pair remains capped by the declining 50-period Moving Average. Further weakness is also expected below the strong resistance of 0.7270. The first target is set at horizontal...

Daily Forex News and Analysis — August 23rd 2017

Wed, 23 Aug 2017 10:26

US stocks were higher after the close on Tuesday, as gains in Technology, Industrials, and Basic Materials lifted the market. The Dow Jones rose by 0.90%, the S&P 500 rose by 0.99%, and the NASDAQ added 1.36% to its value. The US dollar traded higher against a basket of global currencies on Tuesday as traders looked ahead to speeches by European Central Bank President Mario Draghi and Federal Reserve Chair Janet Yellen due later...