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.
GBPAUD is the ticker symbol for British Pound vs Australian Dollar. GBPAUD is a Forex CFD. The GBP/AUD currency pairing is a representation of the amount of Australian dollars (AUD) that can be bought for every British pound (GBP).
The standard contract size for GBPAUD is 100000 with max lots of 1000 tradeable in 0.01 lot increments.
The minimum trade size for GBPAUD is 0.01
1000 lots
You analyze the GBPAUD 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 GBP as the "anti-AUD", as if the AUD is soft, it generally means that there is a strengthening GBP, 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 GBPAUD is = to 10 GBP.
GBPAUD is a currency pair that represents the British Pound (GBP) and the Australian Dollar (AUD). The GBPAUD pair is heavily influenced by the interest rate differential between the Bank of England (BoE) and the Reserve Bank of Australia (RBA). We will outline a few GBPAUD trading strategies that traders can use to profit from this currency pair.
The first GBPAUD trading strategy that we will discuss is called the carry trade. The carry trade is a popular trading strategy that involves buying a currency with a high interest rate and selling a currency with a low interest rate. For example, if the interest rate on the GBP is 2% and the interest rate on the AUD is 0.5%, then a trader could buy GBPAUD and earn the 2% interest on the long GBP position. This strategy is often used by long-term traders who are looking to capture the interest rate differential between two currencies.
Another popular GBPAUD trading strategy is called trend following. Trend following is a technical trading strategy that involves buying currencies that are in an uptrend and selling currencies that are in a downtrend. Traders who use this strategy will often use technical indicators such as moving averages to identify trending markets. Once a trader has identified a trending market, they will then look for entry and exit points using technical analysis.
The last GBPAUD trading strategy that we will discuss is called fundamental analysis. Fundamental analysis is a approach to trading that focuses on economic data releases. Traders who use fundamental analysis will try to decipher how economic data releases will impact currency prices. For example, if the RBA raises interest rates, then traders would expect the AUD to appreciate against other currencies. Conversely, if the BoE lowers interest rates, then traders would expect the GBP to depreciate against other currencies.
These are just a few of the many different GBPAUD trading strategies that traders can use to profit from this currency pair. While no one strategy is guaranteed to work all of the time, each of these strategies has proven to be successful over long periods of time. As always, it is important to test any new trading strategy on a demo account before risking real money.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
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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.
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