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, Recovers on US Housing Data

Wed, 18 Jul 2018 14:52

The US dollar had been winning against the single European currency during the late London and early New York trading sessions today before the poor US real estate statistics indicators made euro jump up. EUR/USD has not yet recovered all of its early losses but is...

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%...

Forex News

Bullish Jerome Powell Congressional Testimony Sends Canadian Dollar Lower

Bullish Jerome Powell Congressional Testimony Sends Canadian Dollar Lower

Wed, 18 Jul 2018 16:12

The Canadian dollar is trading lower midweek as the head of the US central bank wrapped up his semi-annual testimony on Capitol Hill on Wednesday and investors eye the latest US economic data.

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.

Commodity Blog

Soybeans Trying to Rebound From 2018 Lows on USDA Crop Ratings

Wed, 18 Jul 2018 15:11

Soybean futures are trading lower for the first time this week as the agricultural commodity tries to continue its rebound from its 2018 lows. Soybean...

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...

Forex Video Zone

Bitcoin Forecast — July 18th 2018

Wed, 18 Jul 2018 14:59

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the June 18th session. Bitcoin/USD — As you can see, this market has broken to the upside, about 9.5% up for the trading session. That is a very positive sign obviously. I had suggested that 6,800 could be resistance. But if we can break above there at the 50-day EMA, then we could go much...

Top Five Best Forex Trading Books

Wed, 18 Jul 2018 14:46

The popularity of the online forex trading community has meant there is a huge market for information on the subject. This means a lot of new blogs, video blogs, and tutorials have been showing up covering forex trading. In fact, there are so many books written on this particular topic that is almost impossible for a trader to find a suitable book to learn from. A good book on forex trading should both provide...

Oil Prices Hit 3-Month Low

Wed, 18 Jul 2018 14:11

Yesterday's news from the United States set the tone of trading across the board today. While the currency market is under the influence of hawkish comments of the Fed Governor, participants of oil market absorbed the data presented by the American Petroleum Institute. The Brent Crude Benchmark declined below the level of $72 per barrel, which was last seen 3 months ago. As we have already mentioned, the API report triggered a sell-off....