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

  • Dan A. from Cameroon writes about Fort Financial Services:

    My first impressions were not great but I gained a lot of respect for FortFS. There was a misunderstanding at first and I lost my bonus but they can admit when they were wrong and solved the issue with my order. The live chat was super helpful. I wil...

  • S.Smith from United States writes about Coinexx:

    This was my first time purchasing bitcoin to fund an account. I got an address from the terminal it took me about an hour to figure everything out. I purchased through Coinbase so it took a long time going through all the confirmations so I just chec...

  • Merry Balti from Finland writes about ForexChief:

    What they offer is exactly what is written in their website. I have noticed the spreads are even lower. There have been a couple of platform freezing when there is important economic news update. Still, my overall experience with the broker is positi...

  • Anna from Ukraine, Lviv writes about IFC Markets:

    As many of us I have traded with several companies and there is something I noticed:

    Info on official website not always represent the facts!!! It just makes me crazy every time.

    And there is why I am writing my first review about any broker:

    Inf...

Forex Blog

Forex Brokers Update — December 16th, 2018

Sun, 16 Dec 2018 12:15

With another week passing empty-handed as of new brokers, we report on some of the listed Forex companies that have been updated: TradeCMX increased its minimum account size dramatically — from $50 to $10,000. Tifia reduced the minimum account size from $100 to $10. The broker has launched cryptocurrency trading...

Weekly Forex Technical Analysis (Dec 17 — Dec 21)

Sat, 15 Dec 2018 9:57

EUR/USD

Floor pivot points

3rd Sup2nd Sup1st SupPivot1st Res2nd Res3rd Res
1.1063 1.1166 1.1236 1.1339 1.1409 1.1512 1.1582

Woodie's pivot points

2nd Sup1st SupPivot1st Res2nd Res
1.1158 1.1219 1.1331 1.1392
...

EUR/USD Tanks, Hurt by Weak Economic Data in Eurozone & China

Fri, 14 Dec 2018 17:25

EUR/USD tanked today after economic reports released in the eurozone and China during the trading session turned out to be worse than market participants anticipated, putting the Forex market into a risk-off mode. Meanwhile, US retail sales were slightly above expectations, helping the dollar a bit,...

Forex News

Japanese Yen Strengthens Despite Growth Risks, Flat Business Sentiment

Japanese Yen Strengthens Despite Growth Risks, Flat Business Sentiment

Mon, 17 Dec 2018 18:49

The Japanese yen is strengthening against its major rivals to start the trading week. Despite a wide array of factors that should send the currency lower, the yen is continuing momentum from the five sessions. With bitter trade discussions on the horizon, can Tokyo prevent further economic declines in the aftermath of the string of natural disasters?

US Dollar Retreats from Friday's Elevated Levels, Economic Data Hurts

US Dollar Retreats from Friday's Elevated Levels, Economic Data Hurts

Mon, 17 Dec 2018 15:20

The US dollar opened at Friday's elevated levels but has declined versus most of its major rivals by now. It looks like uncertainty associated with this week's policy announcement from the Federal Reserve hit the currency after all.

Canadian Dollar Falls, Declining Foreign Securities Purchases Weigh

Canadian Dollar Falls, Declining Foreign Securities Purchases Weigh

Mon, 17 Dec 2018 14:35

The Canadian dollar was falling against its major rivals today, even against the US dollar, which itself was vulnerable. The loonie extended losses after the release of poor macroeconomic data in Canada.

Commodity Blog

Soybean Rises as US Agriculture Poised for Rebound

Mon, 17 Dec 2018 18:21

Soybean futures are rallying to kick off the trading week after the US government reported that China is purchasing domestic agriculture again. This...

Gold Gains at Start of Week as US Dollar Weakens Ahead of Fed

Mon, 17 Dec 2018 15:56

Futures for gold rallied on Monday. Other metals were mixed, with silver and palladium logging gains, while platinum and copper posted losses. The likely reason...

Symmetrical Triangle on Daily Chart of WTI Crude Oil

Sun, 16 Dec 2018 18:44

A symmetrical triangle pattern has formed on the daily chart of West Texas Intermediate crude oil. Such pattern occurs when prices consolidate, often after...

Forex Video Zone

US Dollar as a Risk Barometer

Mon, 17 Dec 2018 14:20

In this video, you will take a look at the greenback as a risk barometer. The US dollar is the reserve currency of the world. That makes it very valuable. However, when it strengthens, it is bad for risk appetite. When the US dollar rises, it is bad for the stock markets. It is negatively correlated with the Crude Oil. Hence, you need to be aware of these correlations in order to successfully...

Using Japanese Candlesticks Technical Analysis on Forex

Mon, 17 Dec 2018 13:38

In this video, you will learn how to trade using candlesticks. It is important to understand who is controlling, bulls or bears, in the market. A big green candle indicates more buying pressure. A big red candle indicates huge selling pressure. Candlesticks have wicks above and below the actual body. They represent highs and lows. A candlestick with long wicks above and below with a small body is...

Countdown for FOMC Meeting Started

Mon, 17 Dec 2018 13:33

Investors are looking forward to know what the Fed has to say regarding its monetary policy. The US dollar index is trading at 97.40. A rate hike by Fed looks likely at the moment. So, the hawkish stance of the Fed could cause bearishness in the greenback. The USD/JPY pair is trading at 113.40. The arrest of two Canadian executives has taken a back seat in the minds of investors. So, the trade ...