Risk Warning : CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 62% 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.
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NZDCAD is the ticker symbol for New Zealand Dollar vs Canadian Dollar. NZDCAD is a Forex CFD. The NZD/CAD currency pairing is a representation of the amount of Canadian dollars (CAD) that can be bought for every New Zealand dollar (NZD).
The standard contract size for NZDCAD is 100000 with max lots of 1000 tradeable in 0.01 lot increments.
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The minimum trade size for NZDCAD is 0.01
1000 lots
You analyze the NZDCAD 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 NZD as the "anti-CAD", as if the CAD is soft, it generally means that there is a strengthening NZD, 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.
The maximum leverage that the Company offers to retail clients for major currency pairs is 1:30 and for non-major currency pairs is 1:20.
One Forex point is normally = to 10 unit of base currency. For instance, one Forex point of NZDCAD is = to 10 NZD.
The NZDCAD is a currency pair that represents the value of the New Zealand dollar against the Canadian dollar. This currency pair is not as widely traded as some of the others, but it can still offer opportunities for traders who know what to look for.
The first thing to understand about any currency pair is that it is affected by global events. This means that you need to have a firm understanding of the economic calendar and how different events can impact the currency markets. For example, if there is a major event happening in Canada, it is likely that the CAD will strengthen against other currencies. On the other hand, if there is a major event happening in New Zealand, it is likely that the NZD will weaken against other currencies. Therefore, you need to be aware of these global events when planning your NZDCAD trading strategy.
One common NZDCAD trading strategy is known as "buying on dips." This strategy involves looking for times when the NZD has weakened against the CAD and then buying NZD at those lower prices in order to take advantage of the expected rebound. This strategy can be used on both long-term and short-term timeframes. Another common strategy is known as "selling on rallies." This strategy involves looking for times when the NZD has strengthened against the CAD and then selling NZD at those higher prices in order to take advantage of the expected pullback. Again, this strategy can be used on both long-term and short-term timeframes.
These are just two examples of potential NZDCAD trading strategies. As with any currency pair, it is important to do your own research and develop a strategy that fits your risk tolerance and trading style. If you are new to trading, it may be a good idea to practice with a demo account before risking any real capital.
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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The Afterprime liquidity mix for the forex market has been specially designed to cater for all forex trading styles. Enjoy trading on NZDCAD with fast speeds and low costs.
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This website is operated by Afterprime Europe Limited (ex H.C.F.S High Capital Financial Services Limited), a Cyprus Investment Firm ("CIF") that is registered under the laws of the Republic of Cyprus with registration number HE360438, authorized and regulated by the Cyprus Securities and Exchange Commission, ("CySEC") under a CIF License number 368/18.
Afterprime is a tradename of Afterprime Europe Limited.
Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 62% 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.
This information is not directed or intended for distribution to or use by residents of countries/ jurisdictions outside the European Economic Area (EEA), including but not limited to Belgium and USA, since the Company does not offer its services to any third countries where trading CFDs is prohibited.
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