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

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  • Pollo from Litva writes about NewForex:

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  • Owen from Egypt writes about AccentForex:

    I have been trading for over a year with different brokers. And still I prefer accent forex. As for me, it is a good broker. When register I chose stp account. It has small commission and the spread was not crazy. Orders are opened quickly, literally...

Forex Blog

EUR/USD Little Changed During Thursday's Trading

Thu, 23 Mar 2017 19:22

EUR/USD was little changed during Thursday's trading session as economic data from the United States was mixed and markets were waiting for the vote for the Trumpcare. Initial jobless claims were at the seasonally adjusted level of 258k last week, an increase from the previous week's revised level of 243k. It...

EUR/USD Bounces After US Existing Home Sales Miss Expectations

Wed, 22 Mar 2017 15:45

EUR/USD was down intraday but has bounced to trade above the opening level as of now. One of reasons for that were US existing home sales that failed to meet market expectations. The US currency was also under pressure from concerns that US President Donald Trump may not...

How Can High Nonfarm Payrolls Hurt USD?

Mon, 20 Mar 2017 18:27

Nonfarm payrolls is a macroeconomic employment report released monthly by the US Bureau of Labor Statistics (or BLS for short). The number represents the quantity of new jobs added by the non-agriculture private sector during the month. Forex traders consider it as an invariably important report in respect of its effect on the US dollar. They also...

Forex News

US Dollar Maintains Losses Ahead of GOP Healthcare Plan Vote

US Dollar Maintains Losses Ahead of GOP Healthcare Plan Vote

Thu, 23 Mar 2017 18:03

The US dollar maintained most of the recent losses it had against major counterparts on Thursday, as investors held their positions in anticipation for a vote that decides the future of the GOP Healthcare plan.

GBP/USD Rallies After Release of Strong UK Sales Data by the ONS

GBP/USD Rallies After Release of Strong UK Sales Data by the ONS

Thu, 23 Mar 2017 17:13

The GBP/USD currency pair rallied higher today after the release of strong UK retail sales data for the month of February by the Office for National Statistics. The British pound rallied higher boosted by the positive retail sales data as opposed to the weaker US dollar as investors exercised caution towards the greenback ahead of crucial House vote.

EUR/USD Rallies After Release of the Eurozone's Current Account Balance

EUR/USD Rallies After Release of the Eurozone's Current Account Balance

Wed, 22 Mar 2017 17:57

The EUR/USD currency pair rallied briefly earlier today after the release of the Eurozone's current account balance, which recorded a minimal surplus, by the European Central Bank.

Commodity Blog

Oil Prices Hit by Swelling US Stockpiles

Thu, 23 Mar 2017 15:01

Oil prices are being impacted on Thursday by bloated US stockpiles. As US crude stocks surge to a record high, oil futures are retreating, erasing...

Wheat Futures Slump as Rain Could Improve US Crops

Wed, 22 Mar 2017 15:15

Wheat futures suffered their third consecutive loss on Wednesday as recent weather reports suggest rain could improve US crops. Wheat prices plummeted...

Copper Plunges 2% as Chile, Indonesia Supply Concerns Fade

Tue, 21 Mar 2017 17:06

Copper futures are plummeting on Tuesday as supply concerns in Chile and Indonesia are fading away. With an Indonesian mine restarting production and efforts to resolve a strike...

Forex Video Zone

Basics of Trading & Investing (1/3) — Market Basics

Thu, 23 Mar 2017 16:46

When you work a job, you are basically exchanging time for money. The more hours you work, the more money you make. It's a good way to get by, but a bad way to build wealth, eventually you will simply run out of hours. That's why you want to grow wealth quickly you need to make your money work for you. How, by investing and trading in the financial markets. So,...

News from Russia Draws Traders’ Attention

Thu, 23 Mar 2017 15:54

Apart from news from the United States, the upcoming policy meeting of the Bank of Russia also sparks the interest of traders. Tomorrow, the Russian central bank is scheduled to announce its rate decision. Some economists think that the regulatory body will cut the rate by 25 or 50 basis points, but most analysts expect the bank to leave its policy unchanged. Still, the ruble attracts the attention of the traders. While other central...

USD/CAD Remains Under Pressure — Forecast — March 23rd 2017

Thu, 23 Mar 2017 13:41

In this video, the Trading Central looks at the currency pair USD/CAD for the March 23rd session. USD/CAD — Looking at the intraday 30-min chart, the pair remains under pressure below the strong horizontal resistance at 1.3360. It remains also capped by the declining 50-period Moving Average which is turning down. Further weakness is also expected below the overhead resistance. The first target is set at 1.3285 and the next target at 1.3260, which...