• L. 4.72198
  • H. 4.74266
  • Ch. 0.00769
  • Ch.% 0.16%
Costs & Margins
  • AUD/CNH is an exotic forex pair representing the exchange rate of Australian dollars to Chinese renminbi. The value of AUD/CNH measures how many renminbi equal one dollar.

    China is a major trading partner of Australia. AUD is a commodity currency driven by the country’s exports of iron ore, coal, gold, petroleum, and other natural resources. These commodities are primarily exported to China and other nearby Asian countries.

    China’s economy is also driven in part by its exports of technology machinery and related parts such as integrated circuits. Disruptions to Chinese trade by geopolitical conflict or supply chain issues can influence the value of CNH.

  • Margin From
    5.0 %
  • Trading Hours
    24 hours / day *
  • Min Trade Size
  • Long
  • Short
  • Min Stop Distance
    0.001 Points
  • Spreads
  • Spreads From
    0.00139 Points
  • Margins
  • 0 - 22000 000
    5.0 %
  • 22000 000 - 37000 000
    10.0 %
  • 37000 000 +
    20.0 %
  • Dealing
  • Spreads
    0.00139 Points
  • Margins
  • 0 - 22000 000
    5.0 %
  • 22000 000 - 37000 000
    10.0 %
  • 37000 000 +
    20.0 %
Economic Calendar

Pivot points
Pivot point
Last Updated: 11/29/2023 10:00:00 PM

Forex explained

What is forex?

Forex is the process by which traders can buy one currency and simultaneously sell another, with the goal to profit from the direction price is likely to take in the future. With a daily trading volume of more than $6.5 trillion, the forex market is the most traded in the world, and is open 24 hours a day, 5 days a week for banks, institutions and individuals worldwide.

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Why trade forex

People trade forex for a range of reasons, including the unmatched liquidity of the market, the ability to trade on leverage, the opportunity to take positions in both rising and falling markets, the lack of hidden fees or commissions, and the accessibility of markets being open 25 hours a day, five days a week.

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How to trade forex

In order to trade forex, there are a few key steps to follow. First, you need to select a currency pair. Many traders choose a major pair such as EUR/USD due to high liquidity. Next, analyzing the market is key to understanding the technical and fundamental drivers that may affect price. Once you understand how to read the quote, it's time to open your position by going long or short.

You'll need to monitor your trade, with many traders using technical indicators to make better sense of price action, and features such as stops and limits to manage risk. Finally, you can close your position when the market hits a price at which you want to exit.

Read more about how to trade forex.

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