Thinking of trading GBP/AUD?
- 1. Due to the GBP being a reserve currency and a much bigger economy than the AUD, traders might find trading this pair somewhat advantageous. Because of the AUD being less widely traded, it might find itself less vulnerable to speculation and less likely to swing in political sentiment. 2. Due to the high interest rates in Australia, this pair tends to be used as a Carry-trade. This happens when investors borrow in low-rate countries such as the UK (0.50%) and then transfer it into high-rate countries such as Australia (4.7%). Of course, in order to do this successfully one must watch over the Interest rates decisions of every country.
Trading CFDs involves significant risk of loss
How would you like to trade GBP/AUD?
- Tight spreads & reliable execution
- 70+ pre-installed indicators
- Custom indicators
- 26 time frames
- Live Sentiment data
- Chart trading
- Advanced Take Profit & Stop Loss
- Depth of Market
Trading CFDs involves significant risk of loss
- Vast selection of strategies to copy
- Efficient risk management
- Can start and stop copying at your will
- Flexible allocation of funds
- Detailed performance reports
- Full transparency & access to historical data
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Trading CFDs involves significant risk of loss
For beginners:
- Great choice of available cBots for various trading strategies and risk tolerance levels
- Simple Plug and Play functionality
For advanced traders:
- Ability to create your own cBot or custom indicator
Trading CFDs involves significant risk of loss
Trade GBP/AUD with Fondex. Our CFD trading platform is engineered to provide you with optimal execution speed while allowing you to access 3 different trading methods on the same interface.
1. There are many things that a trader must look out for when trading any forex pair, as they come with their particular volatility. When it comes to the GBP, investors really need to keep an eye out for any political news regarding the Brexit. Unexpected events such as resignations from political figures can shake the price enough to take you to your margin call. Do not confidently overtrade when it involves the GBP. 2. Additionally, you need to be careful with pairs involving the AUD. As it is a major commodity exporter you must not forget that some of these commodities are priced in US dollars. When you weigh in the changes in exports and imports, the prices of their most valuable resources are in USD. When trading this pair, do not forget to also have in mind how they are directly affected by the USD.
Risk Disclaimer Fondex provides this content/feature as no more than information. In particular, no advice is intended to be provided or to be relied on as provided nor endorsed by Fondex, nor any solicitation or incentive provided to subscribe for or sell or purchase any financial instrument or to join and/or terminate any of the trading strategies. The Investor is solely responsible for the choice of the signal provider, choice of trading strategy, the choice whether to sell or purchase any financial instrument on his/her trading account and monitoring of the trading activities. All trading or investments you make must be pursuant to your own unprompted and informed self-directed position. Please keep in mind that past performance is no guarantee of future results.
For more information, please view the 'Risk Disclosure'