March 2, 2022 10:10 PM
Overview
Costs & Margins
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AUD/JPY is the ticker for the Australian dollar against the Japanese yen on the FX market. It tells traders how many yen are needed to buy a single Australian dollar.
The Australian dollar and the yen are among the top ten most-traded currencies. As the pair doesn’t include the US dollar, it’s considered a minor or cross-currency pair.
The pair is highly correlated to price action in the US equities market over both the short- and medium-term. The pair typically rises in low-risk environments and declines when there is a risk-off approach to US equities.
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Margin From5.0 %
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Trading Hours24 hours / day *
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Min Trade Size1000
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Long0.46
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Short-0.93
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Min Stop Distance0.022 points
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Spreads
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Spreads From0.017 Points
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Margins
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0 - 6400 0005.0 %
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6400 000 - 13000 0005.0 %
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13000 000 - 25000 0005.0 %
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25000 000 - 32000 0005.0 %
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32000 000 +20.0 %
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Dealing
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Spreads0.017 Points
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Margins
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0 - 6400 0005.0 %
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6400 000 - 13000 0005.0 %
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13000 000 - 25000 0005.0 %
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25000 000 - 32000 0005.0 %
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32000 000 +20.0 %
Latest Research
November 21, 2021 10:21 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.
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