How the AUD/USD Currency Pair Works
If you’re considering trading the AUD/USD currency pair, you should first understand how this particular currency pair works. This pair is a risk-linked currency and will respond to overall market sentiment. It tends to move upward during favourable market conditions, and decline during periods of broad-based market headwinds. The AUD/USD may also respond to price…
Gold and Silver Trading at Forex
The primary difference between trading gold and silver on Forex and the physical market is that the latter is a more stable and predictable investment. Both precious metals are viewed as safe havens during tough economic times and have high economic value. The Vantage MT4 and MT5 trading accounts allow investors to make long and…
How to Trade AUDUSD
The Australian dollar (AUD) is closely tied to its trading relationship with Asia. Changes in commodity demand from Asia affect the strength of the Australian dollar. The interest rate differential also affects the AUDUSD. Higher Australian interest rates are generally considered more attractive. However, an increase in U.S. rates could decrease the value of the…
How to Maximize the Use of Demo Accounts Forex
Forex demo accounts are an excellent way to prepare yourself for trading. They enable new traders to test strategies and determine their risk tolerance. A demo account is an excellent tool for practicing technical and fundamental analysis. A demo account is also useful for educating new traders about the forex market. The following are some…
Demo Account For Beginners
Many people wonder if they need demo accounts to learn how to trade Forex. The answer is no, not in the traditional sense. Demo accounts are essentially virtual versions of real accounts that give new traders a chance to learn the ins and outs of the forex market without exposing their own money. They also…
Gold and Silver Trading at Forex
Forex is an excellent market to trade both gold and silver, and many traders do so. Both precious metals have high intrinsic value, and many investors hold them in bullion or coins. Unfortunately, gold and silver are very expensive and often require storage and insurance. Therefore, the goal of a commodity trader is to purchase…
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,…