Forex

The most important thing for forex traders to get right

When starting out trading forex there’s much to take in. You have to work out which currency pair you wish to trade, the direction you intend to trade in and the amount of money that you’re willing to put on the line. But there’s another factor that’s equally important but is often overlooked by novice…

Trading in volatility – how to protect your downside without missing out on easy gains

You have probably been reading in the press recently about the high levels of volatility on the stock market. It is because of this and the ASIC ban on short selling, that many traders are looking for other markets to trade. But where do you look? Everything is volatile. In reality you’ve got two choices….

Trader profile – up 300%, but down $70,000 in a night

At face value, foreign exchange (forex) and share trading have lots in common. Whether it’s shares or currency, the aim is to buy when it weakens in the hope of selling when it goes up in value. But as trader Steve Matthews discovered that’s where the similarities end. What Matthews learnt about forex trading was…

Parity no certainty for retail FX traders

fter a roller-coaster ride against the US$ for the last 25 years, can the A$ finally achieve parity? The seemingly inexorable rise of the Australian dollar to parity (US$1) with its US counterpart received a major boost last Wednesday, when market reaction to the higher-than-expected March quarter Consumer Price Index (CPI) figure galvanised the Aussie…

You don’t need a million dollars to trade the foreign exchange markets

Foreign exchange trading occurs in one of the world’s biggest and most dynamic markets, constantly moving in response to the latest news. The market has transformed over the past few years with internet-based trading and private traders can now get started with a deposit of only a few hundred dollars. Australia is one of the…

Ways to play the currency market

Desk jockeys at major banks used to be the only ones to enjoy the thrills and spills of trading the foreign exchange market, but no longer. Retail traders are taking up the sport in droves using a range of different products to punt on the direction of currencies – as we outline below. Margin Forex…

As share investors head for the exit, forex trading is booming

Trading the foreign exchange market is a tough gig, but those who learn the art of trading the biggest and most unruly market in the world can reap big rewards. However be warned – the volatility and leverage involved in trading foreign exchange can make for a wild ride. Kunal Sharma, managing director of Melbourne-based…