GBPUSD is the ticker symbol for British Pound vs United States Dollar. GBPUSD is a Forex CFD. The GBP/USD currency pairing is a representation of the amount of US dollars (USD) that can be bought for every British pound (GBP).
The standard contract size for GBPUSD is 100000 with max lots of 1000 tradeable in 0.01 lot increments.
The GBPUSD pair is one of the most popular currency pairs to trade. It is also one of the most volatile, which can make it a tricky pair to trade. In this blog post, we will go over some GBPUSD trading strategies that will help you make the most out of this pair.
The first thing you need to know about trading the GBPUSD pair is that it is highly volatile. This means that it can move a lot in a short amount of time. This can be both good and bad for traders. On the one hand, you have the potential to make a lot of money if you are on the right side of a move. On the other hand, you also have the potential to lose a lot of money if you are on the wrong side of a move. This is why it is important to have a solid trading strategy in place before you trade this pair.
One GBPUSD trading strategy that we like is buying on pullbacks. This strategy takes advantage of the fact that this pair tends to move in strong trends. When the price starts to pullback, this presents an opportunity to buy at a discount. The key with this strategy is to wait for confirmation before entering a trade. You can get confirmation by waiting for the price to break above resistance or by using other technical indicators.
Another GBPUSD trading strategy that you may want to consider is trend following. This strategy involves buying the currency pair when it is in an uptrend and selling it when it is in a downtrend. The key with this strategy is to wait for confirmation before entering a trade. You can get confirmation by waiting for the price to break above resistance or by using other technical indicators. You may also want to consider using stop-loss orders with this strategy to limit your downside risk.
These are just two examples of GBPUSD trading strategies that you may want to consider using. There are many other strategies out there as well. The important thing is that you find one or two that work well for you and stick with them. Remember, it is important to have a solid trading strategy in place before you trade 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 GBPUSD is 0.01
You analyze the GBPUSD 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-USD", as if the USD is soft, it generally means that there is a strengthening GBP, and vice versa.
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One Forex point is normally = to 10 unit of base currency. For instance, one Forex point of GBPUSD is = to 10 GBP.
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 GBPUSD with fast speeds and low costs.
Execution From < 1ms
Deep sweepable liquidity
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