If you've been following this share trading blog for a while you may be aware that I dabble in a little forex (foreign exchange) trading on the side. Today, the Reserve Bank of Australia raised rates by a quarter (0.25) percent to 6 percent. I wrote a blog entry entitled "Nerves of Steel" in my other blog TradingCritic (which focuses on trader psychology) about my trade on the AUD/USD currency pair. Forex gives traders the opportunity to trade various news releases, economic data and interest rate moves. It is also said that FX is also great for technical chartists. Good Luck!