EURNZD is the ticker symbol for Euro vs New Zealand Dollar. EURNZD is a Forex CFD. The EUR/NZD currency pairing is a representation of the amount of New Zealand dollars (NZD) that can be bought for every Euro (EUR).
The standard contract size for EURNZD is 100000 with max lots of 1000 tradeable in 0.01 lot increments.
The minimum trade size for EURNZD is 0.01
You analyze the EURNZD 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 EUR as the "anti-NZD", as if the NZD is soft, it generally means that there is a strengthening EUR, 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. Read more here
One Forex point is normally = to 10 unit of base currency. For instance, one Forex point of EURNZD is = to 10 EUR.
The EURNZD pair is one of the most traded currency pairs in the world. It is also one of the most volatile, which makes it an ideal candidate for trading strategies like day trading and scalp trading. We will go over some basic EURNZD trading strategies that beginners can use to get started.
The first strategy we will discuss is day trading. Day trading is a strategy where you take advantage of short-term price movements in the market. To day trade the EURNZD pair, you will need to open a position when the market is moving in your favor and close it before the end of the day. This strategy works best when there is high volatility in the market.
The second strategy we will discuss is scalp trading. Scalp trading is a strategy where you take advantage of small price movements in the market. To scalp trade the EURNZD pair, you will need to open and close your position multiple times throughout the day. This strategy works best when there is low volatility in the market.
These are just two of the many possible EURNZD trading strategies that traders can use to make a profit. If you are new to trading, we recommend starting with a day trading or scalp trading strategy. Both of these strategies have the potential to make you a profit if executed properly.
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 EURNZD with fast speeds and low costs.
Execution From < 1ms
Deep sweepable liquidity
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