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

EUR/USD Jumps After FOMC, Core CPI Miss

Thu, 14 Dec 2017 3:01

EUR/USD rallied on Wednesday and remained at the elevated on Thursday due to news from the United States. Headline US inflation was within expectations, but the core figure missed forecasts. The Federal Open Market Committee hiked the benchmark interest rate as was expected, but there were two dissenters. And market doubt...

EUR/USD Drops as Traders Wait for FOMC, PPI Shows Stable Growth

Tue, 12 Dec 2017 20:46

EUR/USD dropped today as US producer inflation remained stable. Now, traders focus on the meeting of the Federal Open Market Committee. The FOMC started the two-day gathering today and will announce its decision tomorrow. It is widely expected that the Committee will raise interest rates further....

GBP/CAD Reverses to Form Double Bottom on Weekly

Sun, 10 Dec 2017 15:55

Following a failed descending triangle formation, the pound is now clearly trying to reverse its long-term trend versus the Canadian dollar. The impending switch to an uptrend is signaled by the double bottom pattern on the weekly timeframe. You can see the bottoms and the neckline marked by the yellow lines on the chart below. The cyan...

Forex News

EUR/USD Rallies Higher on US CPI Data Ahead of FOMC Decision

EUR/USD Rallies Higher on US CPI Data Ahead of FOMC Decision

Wed, 13 Dec 2017 15:21

The EUR/USD currency pair today rallied to new highs during the early American session after the release of US CPI data by the Bureau of Labor Statistics. The currency pair had earlier dropped to new daily lows after an increase in US Treasury bond yields, which increased demand for the greenback.

Pound Retreats from Daily Highs on Weak UK Labor Market Report

Pound Retreats from Daily Highs on Weak UK Labor Market Report

Wed, 13 Dec 2017 11:06

The British pound today retreated from daily highs set against the US dollar earlier in the European session after the release of the UK labour market report for December.

Rand Gains on Dollar Despite Slowing South African Inflation

Rand Gains on Dollar Despite Slowing South African Inflation

Wed, 13 Dec 2017 10:32

The South African rand gained on the US dollar today even though nation's inflation slowed last month more than was expected by analysts.

Commodity Blog

Oil Prices Drop Despite Decline in US Crude Stockpiles, Lower OPEC Production

Wed, 13 Dec 2017 16:57

Oil futures are trading lower midweek, despite a new US government report showing a decline in US crude stockpiles and Organization of Petroleum Exporting ...

Copper Hovers Just Above $3, Chile Garners Attention from Investors

Tue, 12 Dec 2017 17:36

Copper prices are flat as they are trading just above the crucial $3 threshold. This comes as investors are beginning to comb through reports...

Gold Prices Flat Ahead of Key Federal Reserve Policy Meeting

Mon, 11 Dec 2017 17:21

Gold futures are trading relatively flat to start the trading week as investors prepare for Wednesday’s key Federal Reserve policy meeting. Any losses for the precious...

Forex Video Zone

Crude Traders Opening Buy Deals

Wed, 13 Dec 2017 15:39

Crude prices are rising today. One of the key reasons behind the uptrend in the oil market is the report delivered by the American Petroleum Institute. The data showed a decline of 7 million 382 thousand barrels in the US Crude Oil stockpiles last week. Now, market participants expect the Energy Information Administration to reveal similar statistics later in the day. These expectations support the Texas Light Sweet Crude that...

Forex Candlestick Patterns Explained With Examples

Wed, 13 Dec 2017 13:31

Candlestick charting is widely used by most traders around the world due their ease of use and better representation of what is taking place in the market. Candlesticks are formed using the open, high, low, and close prices of a financial instrument for the chosen time period whether it is 30-min, 4-hour, or 1-day. Candlestick has different components. The wide section of the candlestick is referred to as the real body and it is what represents...

Understanding Japanese Candlesticks Forex Charts

Wed, 13 Dec 2017 13:03

Price evolution in a market could be described and plotted on a chart in different ways. The line chart and the bar chart were used for many years, the preferred methods used to visualize price evolution. The growing complexity of the interactions in many markets have driven the western world into adopting a more sophisticated charting method. It has its origin in Japan, where it was developed and used for many hears before. Japanese candlesticks are...