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

Forex Blog

EUR/USD Declines Ignoring Mixed US Reports

Tue, 17 Jul 2018 20:30

The euro was falling against the US dollar during the bigger part of both the European and the American trading sessions. It ignored the US fundamentals but came to a halt after 16:00 GMT, entering a consolidation phase. Industrial production and capacity utilization both increased in May. Industrial production added 0.6% after declining...

EUR/USD Gets Temporary Correction from Positive US Data

Mon, 16 Jul 2018 14:23

The euro was in a positive trend against its US counterpart during the most part of the trading session today. Later, the uptrend encountered a minor correction fueled with the better-than-expected macroeconomic indicators released by the US agencies. However, the correction failed to reverse the prevailing trend so far. Retail sales rose 0.5%...

Weekly Forex Technical Analysis (Jul 16 — Jul 20)

Sat, 14 Jul 2018 9:53

EUR/USD

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
...

Forex News

Euro Edges Lower on Jerome Powell Testimony, Rallying US Dollar

Euro Edges Lower on Jerome Powell Testimony, Rallying US Dollar

Tue, 17 Jul 2018 17:50

The euro slumped on Tuesday during Federal Reserve Chair Jerome Powell’s semi-annual testimony on Capitol Hill. As Powell told the US Senate Banking Committee that continued, gradual increases to interest rates will be the desired monetary policy moving forward, the euro fell against the US dollar, adding to its steep year-to-date losses.

British Pound Crashes as PM May Faces Rebellion in Parliament

British Pound Crashes as PM May Faces Rebellion in Parliament

Tue, 17 Jul 2018 15:23

The British pound today rallied slightly higher in the early European session following the release of positive UK jobs data. The pound later witnessed a massive drop following Brexit headlines indicating that some Tory MPs were planning to sabotage PM May's Brexit negotiating plan.

Canadian Dollar Climbs Higher As Investors Focus on Data

Canadian Dollar Climbs Higher As Investors Focus on Data

Mon, 16 Jul 2018 20:15

The Canadian dollar posted mild gains against its American counterpart on Monday as the loonie climbed above 76 cents for the first time in a week. While the loonie will try to find direction from the US dollar, investors will also concentrate on several key economic events this week.

Commodity Blog

Copper Adds to Losses Amid Slowing Chinese Growth

Tue, 17 Jul 2018 16:10

Copper futures are adding to their losses on Tuesday after disappointing second quarter economic data from China. Despite low inventories and technical support,...

Gold Flat on Positive Economic Data, Lower US Dollar

Mon, 16 Jul 2018 14:39

As a plethora of positive economic news comes pouring in and the US dollar tumbles, gold futures are trading flat to kick off the trading week. Can the precious...

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,...

Forex Video Zone

Bitcoin Forecast — July 17th 2018

Tue, 17 Jul 2018 16:03

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the June 17th session. Bitcoin/USD — As you can see, we had a little bit of a good news once again, about 4.4% as I record this, the 50-day EMA is just above. I think really what we are paying attention to is the 6,800. If we can clear that, then the market could make a run towards this...

Forex Factory Economic Calendar as the Best Tool for News Trading

Tue, 17 Jul 2018 15:57

Every forex trader must consider using an economic calendar when trading Forex. The Forex factory economic calendar shows the news releases in different countries. The calendar indicates the exact time of each news release and its influence on the market. This is a great indicator for a fundamental analysis and news trading strategy. If you trade on the news, then the economic calendar will be your great help....

European Traders on Sidelines of Powell Testimony

Tue, 17 Jul 2018 15:11

The wait and see mood is setting the tone on the market. The early European session did not change dynamics of popular trading instruments. So, the EUR/USD pair remains above the psychological level of 1.17. Today, the pair is likely to resume the downward trajectory because of a notable difference between monetary policy of the ECB and the US Federal Reserve. Experts believe that US Fed Chair Jerome Powell will present the optimistic...