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Forex Sites
Looking for great Forex sites with information on trading, analysis and brokers? Many people love to trade in the Forex markets and they are constantly on the look out for great Forex sites. Here are some tips on finding great Forex sites.
There are thousands of Forex sites, while many of them are junk, there are a few that truly offer a great resource for trading Forex. Forex stands for foreign exchange market, which happens to be the world’s largest market with close to 2 trillion dollars in trades each day. Many people love Forex, because there is no central market location, so Forex can be traded 24 hours each day from any location in the world.
Most people that trade Forex, sign up with a broker and use their broker’s sites for trading, analysis and certain resources, but just because you use a certain broker, shouldn’t limit you to the amount of Forex sites that you visit.
There are many great Forex forums that you can visit daily for great opinions, new trends and to ask questions Forex forums are one of the leading Forex sites visited. For people that are interested in crunching data and analysis, there are plenty of Forex sites that host huge reservoirs of data for your number crunching needs.
You can also visit Forex sites that have many tutorials on trading Forex and using certain trading tools. There are even tutorials on learning how to analyze data and how to read charts. So if you are into Forex trading, check out the above categories of Forex sites that can help you be a better trader.
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Recent Forex News
Forex Technical Analysis Reports (ActionForex.com)
Technical analysis reports from selected analysts around the world on forex market. Available in ActionForex.com
Chart Of The Day: EUR/USD
On the first day of the first full week of 2009, price action on the EUR/USD pair, a daily chart of which is shown, has made a bold statement regarding the remarkably rapid uptrend that was in place during the month of December. It is indicating that the uptrend could...
Dollar Outlook (Short Term) Mixed to Begin 2009
First, let's review what has occurred over the past several months. The decline from the July 2008 high (1.6040) can be counted as a 5 wave drop (wave 5 is truncated). 5 waves down at this degree of trend indicate that the long term trend has changed and that a...
Restored Liquidity Leads To Volatility And Breakouts For The Forex Market
After two weeks of depressed liquidity, currency traders have decided to make their return to the market a memorable one. Breakouts have been marked across a number of the majors and equally charging moves were developed through many of the crosses. Where will the market go from here and what...
Elliott Wave - Gold, Oil, Dollar Index
The Index is still trading below the significant 100 SMA area which could be strong enough to instigate short dollars and long euro's in the next few days. However, any break or move above the 100 SMA, and the black trend line will completely change the situation. After the euro...
Daily Forex Outlook: EUR/USD
The chart shows the movement started from 1.4718 (18 December). I think it is corrective in nature and is in the position of wave B or wave 2 of one higher degree. In both cases I will expect a new high above 1.4718 later. Currently the big question is how...
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Forex Fundamental Analysis Reports (ActionForex.com)
Fundamental analysis reports from selected analysts around the world on forex market. Available in ActionForex.com
Volatility Returns to the Currency Markets
The resonance of the New Year is starting to show its true colors at the start of the first full trading-week this year. The Dow finished a volatile day lower, in some ways ruining the sense of stability that pervaded in last week's market. Volatility in equity prices was complemented...
Stocks Decline On Monday/Dollar Mixed
U.S. equity markets declined on Monday, but the loss was relatively contained after automakers reported dismal sales numbers for December. Profit taking was also a possible culprit after the S&P completed a 25% run off the Nov.21 low to last Friday's close.
Euro Plummets vs Dollar and Pound to Start the Week
Turning to our market highlights for the day, we see a very sharp drop in the Euro-Dollar pair, amounting to more than 400 pips from high to low. The main theme today that fueled Dollar strength was speculation that President-elect Barack Obama's fiscal stimulus plan will help the US recover...
New York Session Recap
The buck was lower against most of the majors in NY trading as poor economic data, lower stocks and some big technical breaks saw the greenback sink. The S&P 500 fell about -0.5% and this was helped by a weak US November construction spending report and horrid motor vehicle sales...
Currency Pair Overview
The market moved towards the safety of the dollar in the European session after a similar move was tried in the Asian session. The market was led lower by the euro, which is more likely a victim of collateral damage right now. First, the Israeli incursion into the Gaza strip...
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