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
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.
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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.
Execution From < 1ms
Deep sweepable liquidity
Trading CFDs and FX is high risk and not suitable for all investors. Losses can exceed your initial investment. Any Information or advice contained on this website is general in nature and has been prepared without taking into account your objectives, financial situation, or needs. Our Risk Disclosures and Legal documents should be considered before deciding to enter into any derivative transactions.
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