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

  • Marko from Romania writes about IFC Markets:

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  • Mohammad Al Jasser from Saudi Arabia writes about One Global Market:

    no issue in withdrawal/deposit of my money with OGM.

    It makes me feel secure as I myself is an experienced pamm investor and I always prioritize on a broker reputation and service/support before investing.

  • John Kimmel from United Kingdom writes about One Global Market:

    Honestly this has to be the best broker I have worked with. Never had a problem with the platform or the broker in general. Their support team is always available and so supportive. What makes them the best to me is that they are 100% genuine and my ...

  • Andriy Boiko from Bulgaria writes about Coinexx:

    Signed up with coinexx few months back for the sake of testing a new broker. but after trading with them, decided to keep them as well as one of my brokers. Fast forward 4 months, the broker has been consistently delivering on good conditions sply sp...

Forex Blog

EUR/USD Declines for Fourth Day in Five

Wed, 16 Jan 2019 23:06

EUR/USD declined today, falling for the fourth session in five. Some market analysts explained the gains of the dollar against the euro by rising Treasury yields, while others pointed at the pessimistic outlook for the eurozone economy as the reason for the decline of the currency pair. Both import and export prices fell in December. Import prices declined 1.0% following...

EUR/USD Crashes as German Economy Slows, Brexit Vote Starts

Tue, 15 Jan 2019 19:31

EUR/USD crashed today. There were a couple of likely causes of the crash: slowing growth of the German economy and the Brexit vote in the British parliament. The currency pair tumbled even as US macroeconomic data was disappointing. Talking about US data, there will be fewer releases than usual in the near future due...

Weekly Forex Technical Analysis (Jan 14 — Jan 18)

Sun, 13 Jan 2019 12:41

EUR/USD

Floor pivot points

3rd Sup2nd Sup1st SupPivot1st Res2nd Res3rd Res
1.1207 1.1301 1.1382 1.1476 1.1557 1.1650 1.1731

Woodie's pivot points

2nd Sup1st SupPivot1st Res2nd Res
1.1298 1.1375 1.1473 1.1550
...

Forex News

Sterling Range Bound on Mixed UK Data Before Leadership Vote

Sterling Range Bound on Mixed UK Data Before Leadership Vote

Wed, 16 Jan 2019 16:09

The Sterling pound today traded in a range as investors recovered from yesterday's crazy swings following the historic Brexit vote. The GBP/USD currency pair was largely immune to most of the data released from the UK docket as investors remained cautious ahead of a Parliamentary no-confidence vote against Theresa May.

Canadian Dollar Rises on Soft US Inflation, Crude Supply Contraction

Canadian Dollar Rises on Soft US Inflation, Crude Supply Contraction

Wed, 16 Jan 2019 15:32

The Canadian dollar is rising midweek after the US government reported soft inflation levels. The loonie is also getting a lift on market expectations that US crude oil inventories will record a contraction. This comes as market sentiment pertaining to the short-term health of the currency is split.

Pound Jumps After May Suffers Resounding Defeat in Brexit Vote

Pound Jumps After May Suffers Resounding Defeat in Brexit Vote

Tue, 15 Jan 2019 21:05

As was expected UK Prime Minister Theresa May suffered a defeat in the crucial Brexit vote. Yet apparently, traders used "sell the rumor, buy the fact" approach for the Great Britain pound as the currency jumped on the news.

Commodity Blog

US Crude Prices Fall on Surging Fuel Stockpiles

Wed, 16 Jan 2019 16:15

US crude oil futures are tumbling midweek after the US government reported a bigger-than-expected decline in domestic inventories. But falling oil prices...

Copper Pares Early Gains on 'Little Progress' in US-China Trade Talks

Tue, 15 Jan 2019 16:11

Copper futures are paring their early gains on Tuesday after it was reported that negotiators saw "little progress" in US-China trade...

Crude Oil Prices Down More than 1% on China's Data

Mon, 14 Jan 2019 20:13

Prices for crude oil dropped more than 1% today after disappointing trade data released in China. While the Chinese trade balance surplus...

Forex Video Zone

EUR/USD and GBP/USD Forecast — January 16th 2019

Wed, 16 Jan 2019 17:50

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the January 16th session. EUR/USD — The outcome of the Brexit deal vote has caused bearshness in the euro. The 200-day EMA is offering resistance. As the lows are getting higher, the markets are still attempting to form a rounded bottom pattern. Though there is a lot of noise above, it looks like the markets could recover soon....

Gold Forecast — January 16th 2019

Wed, 16 Jan 2019 17:48

In this video, the Trader Guy looks at the commodity, gold for the January 16th session. Gold/USD — Gold markets are seeing a sideways action at the moment. It looks likely that it could remain in consolidation for a while. The 1,300 level looks important. A break above this level is seen as bullish and the target is 1,400, which is the top of the long-term consolidation zone. The markets are at the top of the ascending ...

Bitcoin Forecast — January 16th 2019

Wed, 16 Jan 2019 14:51

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the January 16th session. Bitcoin/USD — Once again the markets fell, about $30 for the session on Tuesday. This downtrend line looks significant at the moment. Any rally towards the 4,000 level, that show signs of exhaustion is seen as a selling opportunity. You can also short based on a break below the 3,500 level. You can take advatage of the 50-period...