Risk Warning : CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
AUDJPY is the ticker symbol for Australian Dollar vs Japanese Yen. AUDJPY is a Forex CFD. The AUD/JPY currency pairing is a representation of the amount of Japanese Yen (JPY) that can be bought for every Australian dollar (AUD).
The standard contract size for AUDJPY is 100000 with max lots of 1000 tradeable in 0.01 lot increments.
The minimum trade size for AUDJPY is 0.01
1000 lots
You analyze the AUDJPY 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 AUD as the "anti-JPY", as if the JPY is soft, it generally means that there is a strengthening AUD, 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 1000 unit of base currency. For instance, one Forex point of AUDJPY is = to 1000 AUD.
The AUDJPY currency pair is one of the most popular among traders. This is because it is a volatile pair that offers opportunities for profits. We will take a look at some of the most popular AUDJPY trading strategies.
The carry trade strategy is a popular one when trading the AUDJPY currency pair. This is because the interest rates in Australia are higher than in Japan. This means that when you buy the AUD, you will earn more interest than if you had bought the JPY. The carry trade strategy involves holding the currency pair for a long period of time so that you can earn the interest rate differential.
Scalping is a popular trading strategy among day traders. This is because it allows them to take advantage of small price movements. When scalping, traders will open and close positions multiple times throughout the day. They will usually target to make small profits on each trade. The scalping strategy can be used on any timeframe but it is most commonly used on the 5-minute or 15-minute chart.
The momentum trading strategy is another popular one when trading the AUDJPY currency pair. This is because the AUD/JPY pair tends to have strong trends. Momentum traders will look to enter trades in the direction of these trends and ride them for profits. They will usually use technical indicators such as moving averages to identify these trends.
These are just some of the many popular AUDJPY trading strategies that traders use. Each trader will have their own preferences and methods for trading this currency pair. It is important to test out different strategies and find what works best for you. Remember to always risk management and don't over leverage your account.
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 AUDJPY with fast speeds and low costs.
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Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67% of retail investors' accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Please refer to our full Risk Disclosure Notice.
This website does not contain, and should not be construed as containing investment advice or an investment recommendation or, an offer or solicitation for any transactions in financial instruments.
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