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

  • Ludwick from Turkey writes about AccentForex:

    Each broker has its pros and cons. But for me the main thing is earnings and output. Because trade is my main earnings. In terms of output the accent is good. I always withdraw money for a max of two days. At the moment I see the company is changing....

  • dyna park from Belgium writes about Coinexx:

    Just started using them. Its going good so far. Opened my live account, was able to transfer BTC instantly to my ac. The process was smooth.. so decided to test the withdrawal. I made a quick withdrawal as soon as I made sum bucks to test and yaa it...

  • Jack from Toulouse writes about IFC Markets:

    Perhaps IFC is the best broker I have worked with. It is not easy to find a negative feature of the company. A wide choice of instruments, good platforms to choose from and decent conditions – that is all you need for trading.

  • A.Levine from Munich writes about Trade Fintech:

    Excellent service, withdrawal was easy, trading was great, no errors with server, 5*

Forex Blog

Weekly Forex Technical Analysis (Aug 13 — Aug 17)

Sat, 11 Aug 2018 9:51


Floor pivot points

3rd Sup2nd Sup1st SupPivot1st Res2nd Res3rd Res
1.1083 1.1236 1.1323 1.1476 1.1563 1.1716 1.1803

Woodie's pivot points

2nd Sup1st SupPivot1st Res2nd Res
1.1219 1.1291 1.1459 1.1531

US Sanctions on Turkey Drive EUR/USD Down

Fri, 10 Aug 2018 18:27

EUR/USD dropped to the lowest level in a year today on concerns that the negative impact of US sanctions against Turkey can spill over to the European banking system, which has strong exposure to Turkish assets. Positive US inflation data also weighed on the currency pair. US CPI rose 0.2% in July...

EUR/USD Falls Despite US PPI Missing Forecasts

Thu, 9 Aug 2018 14:53

EUR/USD declined today even as US producer inflation missed expectations. Consumer inflation data will be released tomorrow, and if it fails to meet expectations as well, that would bode ill for the US currency. PPI showed no change in July, whereas experts had predicted an increase by 0.2%. The index...

Forex News

Canadian Dollar Strengthens on Booming Real Estate, Higher Energy Prices

Canadian Dollar Strengthens on Booming Real Estate, Higher Energy Prices

Tue, 14 Aug 2018 15:00

The Canadian dollar strengthened on Tuesday thanks to positive real estate market numbers and higher energy prices. The loonie also bounced back against its US counterpart on the threat of an economic collapse in Turkey that could seep into other emerging markets.

Euro Struggles to Rally on Upbeat Eurozone Data Amid Turkish Crisis

Euro Struggles to Rally on Upbeat Eurozone Data Amid Turkish Crisis

Tue, 14 Aug 2018 12:54

The euro today struggled to rally higher despite the release of upbeat data from across the Eurozone such as the German GDP report. The EUR/USD currency pair was largely weighed down by the ongoing currency crisis in Turkey, which has negatively affected the global financial markets.

British Pound Rallies Then Drops on Mixed UK Jobs Data

British Pound Rallies Then Drops on Mixed UK Jobs Data

Tue, 14 Aug 2018 11:36

The British pound today rallied briefly following the release of the UK labour market report for August, where the unemployment rate hit a new record low. The GBP/USD currency pair was weighed down by the higher than expected claimant count rate, which saw it drop from session highs back to its opening levels.

Commodity Blog

Copper Slides 1% on Disappointing Chinese Economic Data

Tue, 14 Aug 2018 14:04

Copper futures are sliding more than 1% on Tuesday after disappointing Chinese economic data suggested that demand for the industrial metal will decline....

Crude Oil Declines amid Turkish Crisis Concerns, Other Negative Fundamentals

Mon, 13 Aug 2018 18:05

Futures for crude oil attempted to hold ground today but failed and are now trading far below the opening levels. The reason for that was concerns...

Gold Plunges to 17-Month Low As Dollar Boosted by Turkish Crisis

Mon, 13 Aug 2018 16:32

Gold futures are plummeting to their lowest levels in about 17 months to kick off the trading week. The yellow metal is flirting with $1,200...

Forex Video Zone

EUR and GBP Likely to Trade Lower for Long

Tue, 14 Aug 2018 16:54

In the European session, the US dollar is still trading at a 13-month high against the basket of major currencies. The EUR/USD pair is consolidating at around 1.14. Traders are in no hurry to buy the single European currency even despite upbeat macroeconomic data from the Eurozone. According to the preliminary data from Eurostat, the Eurozone''s GDP eased less than estimated to 2.2% in the second quarter on a yearly basis from 2.5% growth a quarter ago....

Oil and Ruble Trading with Same Bias

Tue, 14 Aug 2018 16:26

By the end of the trading day on Monday, oil prices surged amid the news about a decline in the oil output in Saudi Arabia. Yesterday, the monthly OPEC report showed that the oil cartel revised downwards, its outlook for the demand. It triggered a massive selloff in oil futures. However, the subsequent news about a decrease in production in Saudi Arabia of 200,000 barrels per day offset the negative impact of the previous news. The Brent Crude Benchmark rose...

Trump Sets New Goals

Tue, 14 Aug 2018 11:36

The US dollar is trading with higher volatility against its rival currencies amid political jitters, sparked off by the protectionist rhetoric of Donald Trump. In the Wall Street session, the US dollar index again showed a downward gap of almost 110 pips. However, the index closed the North American session at about 96.21. On Monday, the US President approved a massive defense policy bill of 2019. It authorizes a budget...