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.
NZDUSD is the ticker symbol for New Zealand Dollar vs United States Dollar. NZDUSD is a Forex CFD. The NZD/USD currency pairing is a representation of the amount of US dollars (USD) that can be bought for every New Zealand dollar (NZD).
The standard contract size for NZDUSD is 100000 with max lots of 1000 tradeable in 0.01 lot increments.
The NZDUSD currency pair is one of the most traded pairs in the world. It is also one of the most volatile. As a result, many traders are drawn to this pair in the hopes of making quick and easy profits. However, before diving into this pair, it is important to have a solid understanding of the basic trading strategies that can be used when trading NZDUSD.
The first strategy that any trader should employ when trading NZDUSD is to use a stop-loss order. A stop-loss order is an order that is placed with a broker that instructs the broker to automatically sell a security when it reaches a certain price. This price is typically below the current market price. The purpose of a stop-loss order is to limit losses in case the market moves against the trader.
The second strategy that can be used when trading NZDUSD is to trade with the trend. The trend is your friend, as they say. When the market is trending higher, traders will look to buy NZDUSD on pullbacks. Conversely, when the market is trending lower, traders will look to sell NZDUSD on rallies. By following the trend, traders can avoid getting caught up in false moves and can better time their entries and exits.
The last strategy that we will discuss here is called scalping. Scalping is a short-term trading strategy that involves taking small profits on a frequent basis. When scalping NZDUSD, traders will look to take advantage of small changes in exchange rates. Typically, traders will hold their positions for only a few minutes or even seconds before exiting for a small profit.
While there are many different trading strategies that can be used when trading NZDUSD, these three are some of the most basic and essential strategies that every trader should know about. By using stop-loss orders, following the trend, and scalping, traders can increase their chances of success when trading this volatile currency pair.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
The minimum trade size for NZDUSD is 0.01
1000 lots
You analyze the NZDUSD 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-USD", as if the USD is soft, it generally means that there is a strengthening NZD, and vice versa.
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 NZDUSD is = to 10 NZD.
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 Afterprime liquidity mix for the forex market has been specially designed to cater for all forex trading styles. Enjoy trading on NZDUSD 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.
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