There are so many tools and software that help you get Forex info and training out there that it is sometimes difficult to choose the best one. For those of you who are just starting out or maybe are thinking about how to make money with forex, the best place to start is by reading Forex blogs and getting as much free information as possible.

What is Forex, some of you may wonder? According to Wikipedia, the foreign exchange market exists wherever one currency is traded for another.  This is the largest financial market in the world, and includes trading between large banks, central banks, currency speculators, multinational corporations, governments, and other financial markets and institutions. The average daily trade in the global forex and related markets currently is over US$ 3 trillion.

Forex brokers in the US are most likely very active at this time especially now since the USD has fallen below EU and other stong currencies.  One of the daily tools they use is a pivot point calculator.  Some of these support floor, Woodies, Camarilla and Fibonacci pivots, and Tom DeMark levels. You can enter the Open, High, Low and Close figures, select the number of decimal places to display the results to and press the calculate button.

It is amazing the kind of information, tools, help and training you can get for free only from simply reading forex blogs. So go and make some money!