Forex

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…

A recipe for printing money or an impossible market to trade?

FX trading can seem like a recipe for printing money, but does anyone really know what they’re doing when trading the biggest and most explosive market in the world? Hedge fund manager George Soros must have known a thing or two about currency markets when he made over USD 1 billion in a couple of…

Forex markets attract headlines & traders

To use an American gangster analogy, recent trading in the Aussie dollar has been somewhat akin to the infamous Saint Valentine’s Day massacre in Chicago in the winter of 1929. Certainly there are always (financial) victims when a currency falls nearly six cents over two trading days – that’s how hard the dollar crashed in…

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…

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