I’ve come to learn that a large majority of you don’t actually “trade” foreign exchange, but do have considerable interest in the subject. We’ve seen here over the past several weeks how tracking correlations in currency markets can be of significant benefit to your equities trading as well.
I’ll plan to start adding the currency ETF’s in more of my analysis and commentary with hopes that perhaps a few of you can still take advantage of in the information provided here – without having set up and actual forex account.
Interestingly – many of the currency ETF’s appear to have unique characteristics of their own , and don’t track ” exactly” as I would normally be used to seeing within my straight up currency trading platform – but we can easily work around that.
For today, I would encourage having a quick look at both “FXC” as well “FXA” being the etf’s for the Canadian Dollar as well the Australian Dollar, looking for reasonable signs of bottoming.
Trading currency etf’s can be a viable option.Comments »