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.
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NZDJPY is the ticker symbol for New Zealand Dollar vs Japanese Yen. NZDJPY is a Forex CFD. The NZD/JPY currency pairing is a representation of the amount of Japanese Yen (JPY) that can be bought for every New Zealand dollar (NZD).
The standard contract size for NZDJPY is 100000 with max lots of 1000 tradeable in 0.01 lot increments.
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The minimum trade size for NZDJPY is 0.01
1000 lots
You analyze the NZDJPY 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-JPY", as if the JPY 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.
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 NZDJPY is = to 1000 NZD.
The New Zealand dollar (NZD) is a highly traded currency, particularly against the Japanese yen (JPY).
One of the most effective NZDJPY trading strategies is trend trading. This involves riding the waves of the market by buying low and selling high. To find trends, you can use trend lines, support and resistance levels, and moving averages. When you identify a trend, you can enter a trade in the direction of the trend and ride it until it reverses. Remember to always use stop losses to protect your capital.
Scalping is a short-term trading strategy that involves taking quick profits on small price movements. For this strategy to be effective, you need to have a good understanding of technical analysis and be able to read charts quickly. To scalp the NZDJPY, you can look for reversals at key support and resistance levels. When you see a potential reversal setup, you can enter a trade and take a small profit as the price reverses course. Once again, stop losses are essential to protect your capital.
Breakout trading is another great strategy for trading the NZDJPY pairs. This strategy involves riding breakout Candlestick patterns such as the Bullish Engulfing pattern or the Morning Star pattern. When you see these patterns forming at key support or resistance levels, it is often a good indication that a breakout is about to occur. You can enter your trade in the direction of the breakout and aim for a quick profit.
These are just three of the many different NZDJPY trading strategies that you can use to trade this popular currency pair. The key is to find a strategy that works well for you and stick with it.
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 NZDJPY 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. 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.
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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