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:

There are forex eBooks and there are forex e-books. But there is only one forex ebook that would introduce you to the world of forex trading in a concise yet comprehensive manner. In this PDF you can learn all about the FX markets, the basics of how and why they operate and how you too can profit from fluctuations in global currency prices. Enjoy reading your forex ebook and I wish you every success in the markets!

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.