Currency Trading

To be able to make a profit when trading, you need to predict where the market is going. Currencies are moved and influenced by a slew of factors, among them interest rates, politics and economic growth and decline. Economic movements depend on the country's commodity prices. The Australian dollar and the New Zealand dollar, for example, are top currencies with very close ties to commodities like oil and gold prices.

The Australian dollar has been particularly active against the US dollar as of late. So what are the main forces behind the volatility in the Aussie dollar?

I trade both stocks and forex. I trade forex for profit, more more importantly to execrise my risk management discipline and keep my and technical analysis skills sharp - as the forex markets are mostly traded on a technical (besides the economic fundamentals that do affect these markets). So, when I was bored last night, I went to try out some forex trading using the CMC Marketmaker platform that CMC markets uses.