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

  • Dan A. from Cameroon writes about Fort Financial Services:

    My first impressions were not great but I gained a lot of respect for FortFS. There was a misunderstanding at first and I lost my bonus but they can admit when they were wrong and solved the issue with my order. The live chat was super helpful. I wil...

  • S.Smith from United States writes about Coinexx:

    This was my first time purchasing bitcoin to fund an account. I got an address from the terminal it took me about an hour to figure everything out. I purchased through Coinbase so it took a long time going through all the confirmations so I just chec...

  • Merry Balti from Finland writes about ForexChief:

    What they offer is exactly what is written in their website. I have noticed the spreads are even lower. There have been a couple of platform freezing when there is important economic news update. Still, my overall experience with the broker is positi...

  • Anna from Ukraine, Lviv writes about IFC Markets:

    As many of us I have traded with several companies and there is something I noticed:

    Info on official website not always represent the facts!!! It just makes me crazy every time.

    And there is why I am writing my first review about any broker:

    Inf...

Forex Blog

Forex Brokers Update — December 16th, 2018

Sun, 16 Dec 2018 12:15

With another week passing empty-handed as of new brokers, we report on some of the listed Forex companies that have been updated: TradeCMX increased its minimum account size dramatically — from $50 to $10,000. Tifia reduced the minimum account size from $100 to $10. The broker has launched cryptocurrency trading...

Weekly Forex Technical Analysis (Dec 17 — Dec 21)

Sat, 15 Dec 2018 9:57

EUR/USD

Floor pivot points

3rd Sup2nd Sup1st SupPivot1st Res2nd Res3rd Res
1.1063 1.1166 1.1236 1.1339 1.1409 1.1512 1.1582

Woodie's pivot points

2nd Sup1st SupPivot1st Res2nd Res
1.1158 1.1219 1.1331 1.1392
...

EUR/USD Tanks, Hurt by Weak Economic Data in Eurozone & China

Fri, 14 Dec 2018 17:25

EUR/USD tanked today after economic reports released in the eurozone and China during the trading session turned out to be worse than market participants anticipated, putting the Forex market into a risk-off mode. Meanwhile, US retail sales were slightly above expectations, helping the dollar a bit,...

Forex News

Canadian Dollar Falls, Declining Foreign Securities Purchases Weigh

Canadian Dollar Falls, Declining Foreign Securities Purchases Weigh

Mon, 17 Dec 2018 14:35

The Canadian dollar was falling against its major rivals today, even against the US dollar, which itself was vulnerable. The loonie extended losses after the release of poor macroeconomic data in Canada.

Last Week Before Holidays Can Be Crucial for US Dollar

Last Week Before Holidays Can Be Crucial for US Dollar

Mon, 17 Dec 2018 12:00

The last week before holidays has potential to become crucial in determining the dollar's performance in the near future. The policy meeting of the Federal Reserve will be the highlight of the week, but important economic reports scheduled for release on Friday can also affect the currency.

Pound Ends Week as Weakest Currency due to Brexit Worries

Pound Ends Week as Weakest Currency due to Brexit Worries

Sat, 15 Dec 2018 15:11

The Great Britain pound ended the week as the weakest currency on the Forex market as the Brexit and associated uncertainties were in the center of the traders' attention. The US dollar, on the other hand, ended the week strongest due to risk aversion.

Commodity Blog

Symmetrical Triangle on Daily Chart of WTI Crude Oil

Sun, 16 Dec 2018 18:44

A symmetrical triangle pattern has formed on the daily chart of West Texas Intermediate crude oil. Such pattern occurs when prices consolidate, often after...

Commodities Technical Analysis, December 17th — December 21st

Sun, 16 Dec 2018 10:24

The technical analysis, that includes the indicators’ data and major pivot points for WTI Oil, Gold, Silver, Copper, and Natural Gas in continous charts as of December 16th,...

Crude Oil Falls Further Even as US Drillers Reduce Number of Oil Rigs

Fri, 14 Dec 2018 20:50

Crude oil extended its previous losses today, heading to end the session with more than 2% decline. Prices continued to sink even as US...

Forex Video Zone

US Dollar as a Risk Barometer

Mon, 17 Dec 2018 14:20

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Using Japanese Candlesticks Technical Analysis on Forex

Mon, 17 Dec 2018 13:38

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Countdown for FOMC Meeting Started

Mon, 17 Dec 2018 13:33

Investors are looking forward to know what the Fed has to say regarding its monetary policy. The US dollar index is trading at 97.40. A rate hike by Fed looks likely at the moment. So, the hawkish stance of the Fed could cause bearishness in the greenback. The USD/JPY pair is trading at 113.40. The arrest of two Canadian executives has taken a back seat in the minds of investors. So, the trade negotiations between the US and China is...