Definition:
Currency Name: Australian Dollar
Currency Country: Australia
Currency Symbol: AUD
Exchange: Interbank
Quote Style: AUD/USD 0.7988
Correlations: The Australian Dollar and the New Zealand Dollar are fairly correlated. You can trade the difference between them by trading the AUD/NZD currency pair.
Best Trading Times: There are very few news announcements that cause big waves in this pair that originate from Australian [...]
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Forex scams can take many forms. Some scams can be compelling or seem to be very legitimate. They take advantage of traders seeking the magic answer to winning in the forex markets. Unfortunately, there are no easy answers. Here is a quick list of some popular general forex scams.
1. Signal Sellers
It seems like a new [...]
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When getting started in forex trading, there are common mistakes to be avoided. This is a list of common forex trading mistakes.
1. Using Too Much Leverage
One of the biggest advantages of forex trading is the ability to use leverage or trading on margin. One of the most common mistakes that forex traders make is using [...]
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The forex markets are great because they are open almost all of the time and there are a wide range of currencies to choose from. This brings up an important question.
What are the most active hours for forex trading?
Generally speaking, the most active hours all around are between the London markets opening around 8:00 GMT [...]
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Before you can get started with forex trading, there are so many questions to answer. How do I choose a broker? Should I use a demo account? What do I need to know before making my first trade?
Let’s answer these questions one at a time, in order of importance.
1. Choose a broker
Making a decision [...]
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Forex Trading is the act of trading currencies from different countries against each other. Forex is acronym of Foreign Exchange.
For example, in Europe the currency in circulation is called the Euro (EUR) and in the United States the currency in circulation is called the US Dollar (USD). An example of a forex trade [...]
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It’s commonly known that most forex traders fail. In fact, it’s estimated that 96 percent of forex traders lose money and end up quitting. To help you to be in that elusive 4 percent of winning traders, I have compiled a list of the most common reasons why forex traders lose money.
1. Low start up [...]
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Question: What is Event Risk?
Answer: Event risk refers to the risk of the market moving due to an upcoming news release. Many traders prefer not to take positions ahead of important news releases due to the risk of not knowing the outcome.
Source:forextrading.about.com
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