Some trading updates

Non of my orders were triggered yesterday. I am still looking at long side of Aussie dollar. (well, I am still thinking parity is coming :-) ).

I have been looking around for Australian brokers for Forex and CFD. I feel more comfortable dealing with broker that operates here. This should be settled within this week. Something that caught my attention is the launching of ASX CFDs. Basically it is a exchange-traded CFD (in Sydney Futures Exchange), and it is regulated by ASX. I see this as a positive move in CFD industry. Let's see how it works out. I am looking forward to trade ASX/200 index CFD and some FX CFDs. :-D

A CFD (Contract for Difference) is an agreement between a buyer and a seller to exchange the difference in value of a contract between when the contract is opened and when it is closed. The difference is determined by reference to an 'underlying' instrument - a share, index, FX rate or commodity and reflected in the transparent ASX CFD order book.

ASX CFDs are fundamentally different to the current Over-the-Counter (OTC) CFD because they are the only CFDs traded on ASX. They also offer price transparency, exchange independence and greater investor protection.

ASX CFDs include:

• The top 50 stocks listed on ASX
• Key global equity indices
• A range of major foreign currency exchange rates
• Selected commodities

ASX CFDs listed on the market operated by the Sydney Futures Exchange (SFE). Access to this market is possible through a large network of both full service and discount brokers.