Why is the AUDUSD Currency Pair Strong?
The AUDUSD currency pair is highly influenced by Australia-US trade relations. These two countries are important trading partners and share a close economic relationship. Since 2005, the US has invested more than $1 billion in Australia’s economy. US exports to Australia have increased by 91%. Australia is a major exporter of commodities such as iron-ore…
How to Use a Demo Account for Forex Traders
Trading with a demo account is an excellent way to learn how to trade forex without risking real money. The trading platform simulates the real trading market, and a demo account is like riding a bike with training wheels. It offers a safe environment and allows traders to experiment without fear of losing money or…
How to Profit From Gold and Silver Trading at Forex
If you want to profit from Gold and silver trading on the Forex market, it is imperative that you understand how the prices behave. Traditionally, gold and silver are quoted in U.S. Dollars, though some brokers offer their prices in other currencies as well. Most of the world, however, watches these metals in relation to…
How the AUDUSD Currency Pair Is Influenced by Trade Relations
The AUDUSD currency pair is influenced by trade relations between the two countries. Australia and the US have a close economic relationship and are trusted trade partners. Currently, the Australian economy receives US investments worth 860.9 billion dollars, and exports to the US have increased by nearly twofold since the AUFTA came into effect. Furthermore,…
How to Use a Demo Forex Account For Beginners
Almost all forex brokers offer free demo accounts so that you can practice trading without the risk of losing your money. Many new traders rush into trading without having the necessary training. This is a mistake that many of them make and pay the price for. Using a demo account first lets you test out…
Gold and Silver Trading at Forex
For those who are looking for a way to diversify their portfolio, considering gold and silver trading at the Forex market is a great option. Gold has historically been a safe haven for investors and is a popular hedge against inflation. Gold has received significant attention from traders and governments during large market-moving events, such…
How to Get Started With a Demo Forex Account
Whether you are a beginner or intermediate trader, demo accounts are a great way to test a broker’s platform and strategies without risking your own money. Since the forex market is a massive industry, you should choose your broker wisely. Look for a good history, strong regulation, and reliability. There are several ways to get…
Gold and Silver Trading at Forex
While trading in precious metals at Forex requires you to have a large amount of money, it can be a lucrative investment for many investors. These metals have proven value, which is why they are ideal for investors worried about deflation, currency replacement, and war. Moreover, the trade in gold and silver doesn’t affect the…
How to Trade the AUDUSD Currency Pair
The AUDUSD currency pair is traded on major global financial exchanges, and the market is typically busier during working hours. Traders should avoid trading during tight range-bound market conditions, especially during periods of rising volatility. While forex trading is open 24 hours a day, certain time periods have higher volatility and volume than others. Typically,…
Demo Account For Beginners
A demo account for forex trading is a great way to test your skills before investing real money. It allows you to practice trading without the risk of losing real money, which is an important factor when deciding if you want to pursue this profession. Forex demo accounts are free to open and are available…