Forex Trading

Have you noticed a the current trend with interest rates? US interest rates are tumbling fast, while the Australian interest rates have been inching up. How can you profit from this trend? Below is a prospective strategy using currency warrants from Macquarie Research:

Alright, here's the release of my first ebook. I hope it is the the first ebook of many. Did I mention that it is free? Anyway, it is a short one - the ebook is a record of my trading which just details my trial forex trade during the last week - the time where I extracted 28 pips without really trying. And yes it was a fluke. And trust me, I'm not always lucky. In fact, trading is nothing about luck.

The Aussie was slightly lower as a result of the US Dollar rallying from the release of positive non-farm payrolls data. At 7am this morning the Aussie was trading at US74.88¢ which is down from Friday's close of US75.32¢. Over the weekend it reached a low of US74.77¢ and a high of US75.34¢. Another figure that helped the US dollar along was the falling unemployment rate - which fell to a four and a half year low of 4.7 per cent and a revised 193,000 jobs were added to non-farm payrolls. This result lends itself to last weeks expectations for further US interest rate hikes in the future.

This is MyShareTrading.com - Why in the world am I talking about Foreign Exchange? There is a good reason why I'm blogging about trading the foreign exchange currency markets mostly instead of the Australian Share Market. There is nothing special happening in that market at the moment - its going about its normal business.

Trading the forex markets can be daunting for beginners and novices. Be prepared for an interesting ride of profits and losses: I haven't been participating in the market for about 6 months. Other circumstances pulled me away from the markets that I love. So my skills are a bit scratchy - you can call me a forex novice for the time being. I tried playing the fluctations in the recent movements in AUD/USD in the forex markets and I made 8 percent of $500 so thats $40 in one day.