After the recent unrest related to the referendum in Italy, Forex market turned its attention to decisions of banks of leading countries on the future of monetary policy. Today, the attention of Forex traders will be focused on the Bank of Canada meeting, its decisions and their impact on the Canadian dollar.

Forex is a market in which there is a trade in currency units and various stocks. Forex traders buy a cheap currency and sell when the price goes up, or vice versa. Every year, this area is becoming more and more popular. Internet is full of lots of useful information but it is also full of myths.

EUR prices down almost to $1.05 level at the beginning of the new trading week after the publication of the first results of the referendum in Italy on the issue of constitutional reform of the country. The last time the European single currency was so cheap in the spring of 2015.

The dollar and U.S. bond yields fell on Monday as investors reversed a "Trumpflation" trade that has gripped markets since the U.S. elections, after oil prices slid on fears that producer countries meeting this week could fail to agree an output cut.

Success in the foreign exchange market can only be attained if one is to take into consideration all the forces that influence the behavior of the currency market. As such, every forex traders should take heed of oil and its immense influence over the foreign exchange market as a whole.

One of the most common situations, with which constantly has to deal any Forex trader is an unexpected and unpredictable movement of currencies prices that trigger market volatility.

The two main concepts, the features of which must know each Forex trader, are the long and short positions. They are used to describe the process of buying and selling, on which basis is carried out all operations on the Forex market.

Last month of this fall looks like the best time for the US currency over the past couple of years. USD gained more than 3 percent against the EUR, and more than 5% against the Japanese yen. There are two main reasons for such a serious strengthening of USD, and both are related to the fact that the US economy is showing excellent results and is likely to continue to strengthen them in the future.

After the presidential election in the United States, USD had the most powerful rally, and the same asset-haven gold, where investors urged to invest in the case of victory of Donald Trump, has fallen by more than 5% and reached almost half-year lows.

Emotional risks on the Forex market have another name - risk behaviors. Like any other asset markets, Forex is very sensitive to the output of financial and political news, as well as to manipulation of the major players in the market. But it also happens that the cause of the excitement in the market can be just unsubstantiated false rumors.

Automated Forex trading is becoming increasingly popular every year. Many novice traders are unwilling to go into the analytical features of the exchange process and turning to automated trading advisors.

As Wall Street grapples with the election of Donald Trump as the next US president, it appears the order of the day is uncertainty. Among the myriad uncertain consequences of Trump's election is the real possibility of a major shake-up at the Federal Reserve. Some economists say that in terms of possible problems for the economy going forward the main risk is monetary policy uncertainty.

Despite the long-term development of the Forex market and its popularity, many new traders intuitively believe that in trade is sufficient to rely on luck and intuition, and thus are making a huge mistake.

Today in the US, will be released the October data of Nonfarm Payrolls but there are just little reasons to expect much positive from that report.

Stochastic Oscillator is essentially a momentum indicator that measures the strength of currencies. The use of this oscillator is particularly useful when it comes to forex trading.

Where investments are typically held for a period of years or even decades, trading involves the frequent buying and selling of stocks, commodities, currency pairs and various other securities with the intention of generating returns that outperform a buy-and-hold strategy. Position trading encompasses the longest trading time frame in which trades span a period of months to years.

You've probably heard about the famous Dow Jones and S&P 500. But have you heard about the US dollar index? As well as the aforementioned stock indices, it is used to measure the strength or weakness of the US dollar (USD) against a basket of main currencies.

What affects the price of currencies in the Forex market? With fundamental analysis traders try to predict the effect, which will have social, economic and political events in foreign exchange quotations.

The tools used to predict the Forex market fluctuations, include a variety of economic models, technical indicators, decisions taken by the central banks, fluctuations in oil prices, and others. But trader should also take into account the impact of global cataclysms, ranging from natural disasters to wars and economic crises.

Strategy, discipline, and attitude with which you approach the realization of trading deals on the Forex, determines your final profit or loss in the long term. You can not control the ups and downs of price movements in the currency market. In this regard, many people believe that success or failure in forex trading is only a matter of luck or whim of fate.

Fibonacci levels can be considered as a very strong price indicators in the forex market. A trader can successfully use this tool alone or in combination with other indicators.

Forex beginners often hear that they should trade in line with trends in the market. And it makes sense. But what if the market is not trending? Sometimes the movement may be in a certain range within a few months. How to make money then?

Once you trade in the Forex market, you probably heard about the oscillators. Combining oscillators and price action, you get a powerful combination of tools that can be very profitable. And there is another important point related to the divergence that many traders overlook.

If you want to achieve success as a forex trader, you have to keep your finger on the pulse of the world news. Knowing what is happening not only in your own country but in all the major economic powers, will help you to protect and enhance investments.

The RSI (Relative Strength Index) is used to show you when a Forex currency pair is in an overbought or oversold position. And this, in turn, means that the upward or downward trend fizzles, and that may soon happen a trend reversal. RSI is a great first mate, which tells you when the market is going to turn around. How to use RSI in Forex trading?

Today early in the morning, during the Asian trading session, GBP fell by more than 6% in just two minutes against the US dollar, reaching the level of 1985 and shocking even experienced traders. “Initially I have doubts about what I saw on my computer screen,” commented Kenji Yoshii, a foreign exchange strategist at Mizuho Securities.

After presenting to a narrow audience of a new product by Apple - iPhone 7, which goes on mass sale on September, 16, PaxForex conducted a pretty impressive work in respect of Apple Inc. shares forecast and came to the conclusion that the release of the new smartphone can significantly increase the size of portfolio of our traders. We believe that the shares of the giant will rise to a target of $125.

Many successful traders attribute their success to their ability to skillfully predict forex market movements. Forex is one of the most volatile markets that presents a number of exciting investment opportunities for traders. Having a solid understanding of market mechanics is essential in helping you as a trader to fine-tune your entry and exit points as well as your stop loss levels.

Dear Traders, Our company wants to inform you that it will be lowering the maximum leverage available for currency pairs that will be likely affected the most due to forex market volatility before, during and just after the EU referendum in the United Kingdom. On Thursday 23, June 2016 the United Kingdom will vote either to leave or remain in the EU. The new margin rules will be activated after the financial markets close on June 17, 2016, and will be ended after trading closing on June 24, 2016.​

Forex markets are among the most active trading markets in the world, with participants ranging from large banks, to multinational corporations, to governments, to speculators and even to a small fraction of individual professional traders. The instability foreign currency prices can result in heavy losses for an investor. However, this is not the only risk that investors have to consider.

Foreign currency exchange trading is a fast growing business industry worldwide. The currency exchange takes place on a very large scale and this market has a global presence as currency exchange market participants are from all around the globe. There are various participating entities taking part in forex trading.

When a currency trader enters into a trade with the intent of protecting an existing or anticipated position from an unwanted move in the foreign currency exchange rates, they can be said to have entered into a forex hedge. In simplest terms, a trader who is long on a particular currency pair can hedge to protect against downside risk exposure.

Trend following is an investment strategy based on the technical analysis of market prices, rather than on the fundamental strengths of the companies. In financial markets, traders and investors using a trend following strategy believe that prices tend to move upwards or downwards over time.

Backtesting is the process of testing a trading strategy on prior time periods. Instead of applying a strategy for the time period forward, which could take years, a trader can do a simulation of his or her trading strategy on relevant past data in order to gauge the its effectiveness. When you backtest a theory, the results achieved are highly dependent on the movements of the tested period.

There are certain things that happen to all forex traders regardless of their experience level. One of these things is losing money on a trade. There are a number of ways that traders deal with this, from assessing their trading plan to taking some time from the market, to revenge trading. Out of all the options available revenge trading is the worst thing a forex trader can do.

You may have noticed that the value of currencies goes up and down every day. What most people don't realize is that there is a foreign exchange market - or 'Forex' for short - where you can potentially profit from the movement of these currencies. As technologies have improved, the forex market has become more accessible resulting in an unprecedented growth in online trading.

This week will be very important for the US dollar. The speech by Fed chief Janet Yellen today and Nonfarm Payrolls data release on Friday can greatly affect the investors' expectations from the meeting of the Federal Reserve in June.

Last month, the US Nonfarm Payrolls report was a big disappointment for the most analysts and traders, showing a modest figure of 151K, instead of the forecasted 190-200K and above. This Friday's release will be especially interesting as traders again expect Nonfarm Payroll's growth though their forecasts are much modest this time.

Forex market has a huge potential to deliver good profits. The only condition is to invest with a right and well-researched strategy. Nor every trader has time to watch the market 24/7 and neither every trader has necessary skills to interpret the market information. Here comes the role of forex signals that are an important investment tool that helps traders in making wise investment decisions.

So far the monthly reports on employment in the US Nonfarm Payrolls (NFP) are becoming more and more interesting. Last month, the figures exceeded even the wildest analytical predictions, showing a great numbers of one of the most important indicator of the US economy: 190K. So, what to wait this Friday?

Having a solid forex trading education is the starting point for any successful trader. No matter where you want to be or what you want to do with your forex trading, you need a solid education that will serve as the foundation for your trading career. Almost all literature on self-improvement or wealth creation shares one common theme: the power of education.

In the forex market rollover is the process of extending the settlement date of an open position. In most currency trades, a trader is required to take delivery of the currency two days after the transaction date.

The first report this year on the number of people employed in the non-agricultural sector of the US (Nonfarm Payrolls) as always promises to be a major fundamental economic event of the week. Although in the light of the recent shock on the world commodity markets, caused by the fall in the index on the Shanghai Stock Exchange, this fact is not so obvious.

The global forex market boasts around $5 trillion in average daily trading volume, making it the largest financial market in the world. Forex’s popularity entices traders of all levels, from greenhorns just learning about the financial markets to well-seasoned professionals.