GBP/AUD

1.76024
0.62%
Daily
  • L. 1.74686
  • H. 1.76278
  • Ch. 0.01097
  • Ch.% 0.62%
Overview
Costs & Margins
  • GBP/AUD is a forex pair that features the Great British pound and the Australian dollar, the world’s fourth and sixth most-traded currencies according to the Bank for International Settlements. As AUD is the quote currency in the pair, it tells you how many Australian dollars it takes to buy one pound at the current exchange rate.

    At one point, GBP/AUD was a popular market among carry traders due to the low interest rates from the Bank of England (BoE) and comparatively high rates from the Reserve Bank of Australia (RBoA). However, in recent years the two rates have become much closer.

  • Margin From
    3.0 %
  • Trading Hours
    24 hours / day *
  • Min Trade Size
    1000
  • Long
    -0.32
  • Short
    -1.89
  • Min Stop Distance
    0.00035 points
  • Spreads
  • Spreads From
    0.00046 Points
  • Margins
  • 0 - 3600 000
    3.0 %
  • 3600 000 - 7200 000
    3.0 %
  • 7200 000 - 14000 000
    3.0 %
  • 14000 000 - 18000 000
    3.0 %
  • 18000 000 +
    20.0 %
  • Dealing
  • Spreads
    0.00046 Points
  • Margins
  • 0 - 3600 000
    3.0 %
  • 3600 000 - 7200 000
    3.0 %
  • 7200 000 - 14000 000
    3.0 %
  • 14000 000 - 18000 000
    3.0 %
  • 18000 000 +
    20.0 %

Pivot points
Dailys
Weekly
Monthly
Pivot point
1.74371
Bid
1.75923
Offer
1.75964
Distance
0
Last Updated: 1/25/2023 10:00:00 PM

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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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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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