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EURAUD is the ticker symbol for Euro vs Australian Dollar. EURAUD is a Forex CFD. The EUR/AUD currency pairing is a representation of the amount of Australian dollars (AUD) that can be bought for every Euro (EUR).
The standard contract size for EURAUD is 100000 with max lots of 1000 tradeable in 0.01 lot increments.
The minimum trade size for EURAUD is 0.01
1000 lots
You analyze the EURAUD forex pair the same as any other market, by a combination of technical analysis, trend analysis, and any pertinent fundamental analysis or information that is available. You should think of the EUR as the "anti-AUD", as if the AUD is soft, it generally means that there is a strengthening EUR, and vice versa.
CFD trading is extremely risky. Trading any leveraged product carries significant risk as you have the ability to open positions that are far larger than your account balance.
We offer competitive leverage rates which are determined by the Afterprime entity you register with.
One Forex point is normally = to 10 unit of base currency. For instance, one Forex point of EURAUD is = to 10 EUR.
The EURAUD currency pair is one of the most traded in the world and offers a lot of potential for profits. However, it can also be a volatile pair which makes it risky for beginner traders. We will go over 3 EURAUD trading strategies that beginners can use to get started.
The first strategy is to trade with the trend. This means that you should buy when the currency pair is in an uptrend and sell when it is in a downtrend. You can identify the trend by looking at the moving averages. If the price is above the moving average, then it is in an uptrend. If the price is below the moving average, then it is in a downtrend.
The second strategy is to trade support and resistance levels. This means that you should buy when the price reaches a support level and sell when it reaches a resistance level. A support level is a level where the price has trouble falling below. A resistance level is a level where the price has trouble rising above. You can identify support and resistance levels by looking at past price action.
The third strategy is to trade news releases. This means that you should pay attention to economic news releases that have an impact on the EUR or AUD currencies. For example, if there is positive economic news from the European Union, then this could cause the EUR to rise against the AUD. On the other hand, if there is negative economic news from Australia, then this could cause the AUD to fall against the EUR. You can stay up-to-date on economic news by following financial news websites or subscribing to economic calendars.
These are just 3 of many possible EURAUD trading strategies that beginners can use to get started. remember that trading carries risk and you should never risk more than you can afford to lose. When choosing a strategy, make sure to test it out on a demo account first before using it with real money.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
The Afterprime liquidity mix for the forex market has been specially designed to cater for all forex trading styles. Enjoy trading on EURAUD with fast speeds and low costs.
Low Costs
STP Execution
Execution From < 1ms
No restrictions
Low financing
Deep sweepable liquidity
Test our platforms for free and jump into our Discord to see the magic unfold.
We look forward
to supporting you on your trading journey.
Trading CFDs and FX is high risk and not suitable for all investors. Losses can exceed your initial investment. Any Information or advice contained on this website is general in nature and has been prepared without taking into account your objectives, financial situation, or needs. Our Risk Disclosures and Legal documents should be considered before deciding to enter into any derivative transactions.
The information on this site is not directed at residents of the following countries: Australia, United States, China, New Zealand, Japan, and is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
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