USD/CLP – How to Trade the U.S. Dollar vs the Chilean Peso
ForexBoat | Forex Trading Education Academy Blog
by Muhammad Awais
3y ago
Exotic currencies are not mainstream in the forex market. Because they come from smaller markets, they are usually riskier to trade and more susceptible to very high volatility. But where there’s a bit more risk, there are often some of the best trading opportunities, as is the case with USD/CLP. To trade USD/CLP: Study the pair and the factors that influence its movement Choose a broker and get an account Select a trading and charting platform Analyze USD/CLP and develop a robust trading plan Devise a trading strategy complete with risk management rules Enter a trade, monitor your position ..read more
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GBP/NZD – How to Trade the British Pound vs the New Zealand Dollar
ForexBoat | Forex Trading Education Academy Blog
by Muhammad Awais
3y ago
As one of the most volatile GBP pairs with sizeable market movements, GBP/NZD offers the opportunity to potentially make high profits in a short period. Besides providing huge potential for speculation, GBP/NZD is also a great alternative for traders who want to diversify their trading of big pairs such as EUR/USD, GBP/USD, EUR/GBP, and USD/JPY. To trade GBP/NZD: Learn about trading GBP/NZD and analyzing the market Select a broker and open a trading account Get a trading platform Devise a trading plan and risk management strategy Make a trade by opening, monitoring, and closing a position GB ..read more
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GBP/CHF – How to Trade the British Pound vs the Swiss Franc
ForexBoat | Forex Trading Education Academy Blog
by Muhammad Awais
3y ago
GBP/CHF features two highly sought and traded currencies in the world. It is characterized by a stability that is strengthened by the economic and geographic proximity of Britain and Switzerland. The pair’s lower volatility is very popular among traders looking to steadily grow their profits without taking on undue risk. To trade GBP/CHF: Learn the fundamentals of trading GBP/CHF Open an online forex brokerage Account Find a trading and charting platform Analyze GBP/CHF Create a plan and strategy for trading the pair Place your order Monitor the order and close your position Because the Swis ..read more
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EUR/AUD – How to Trade the Euro vs the Australian Dollar
ForexBoat | Forex Trading Education Academy Blog
by Muhammad Awais
3y ago
EUR/AUD may not be a major currency pair, but it’s still in demand among traders. The pair is influenced by factors that can create unique market conditions and favorable trading circumstances for market participants.  To trade EUR/AUD: Learn the fundamentals of trading EUR/AUD Research potential forex brokers and select one Choose a forex trading platform Analyze the pair Create a comprehensive trading plan that includes a sound trading strategy Place your order, monitor your position, and close the trade EUR/AUD has a high degree of predictability and decent market swings that make th ..read more
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CAD/JPY – How to Trade the Canadian Dollar Trade vs the Japanese Yen
ForexBoat | Forex Trading Education Academy Blog
by Muhammad Awais
3y ago
Although a less-known pair compared to the majors, CAD/JPY can give you an advantage in the forex market. The pair provides a substantial amount of liquidity and it’s often seen as an ideal substitute for USD/JPY and AUD/JPY. To trade CAD/JPY: Study how trading CAD/JPY works. Search for a forex broker and open an account. Choose a trading platform. Analyze CAD/JPY and formulate a plan for trading the pair. The plan should include a trading strategy. Enter into a trade. Although some traders consider CAD/JPY quite difficult to trade, the pair’s strong trends and volatility can increase the po ..read more
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EUR/CAD – How to Trade the Euro vs the Canadian Dollar
ForexBoat | Forex Trading Education Academy Blog
by Muhammad Awais
3y ago
As the seventh-most-traded cross currency pair, EUR/CAD represents a significant share of daily forex trading. Although this pair is not quite a classic trading instrument, it does offer an opportunity to trade the economics of the European Union.  To trade EUR/CAD: Study the EUR/CAD pair and what influences its movement. Find a reliable forex broker. Select a trading and charting platform that will suit your trading needs. Analyze EUR/CAD and create a trading strategy complete with risk management rules. Open a position and monitor it. Complete the trade. The EUR/CAD pair allows trader ..read more
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AUD/CAD – How to Trade the Australian Dollar vs the Canadian Dollar
ForexBoat | Forex Trading Education Academy Blog
by Muhammad Awais
3y ago
AUD/CAD is one of the popular crosses, especially among traders who focus on the impact of commodities on forex pairs. The volatility of the pair can be quite confusing to some traders, but with careful research and a keen eye for fundamental data, it’s possible to build a winning trading strategy. To trade AUD/CAD: Educate yourself on how the pair works Research forex brokerages and choose one Open an account with the broker and choose a platform to trade forex Analyze AUD/CAD and build a strategy for trading Open your position Watch your profit or loss then close the trade AUD/CAD provides ..read more
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GBP/CAD Potential Uptrend – October 6th 2020
ForexBoat | Forex Trading Education Academy Blog
by Muhammad Awais
3y ago
The GBP/CAD has started to produce higher highs and higher lows suggesting the validity of an uptrend…  Analysis Details: GBP/CAD symbol on the MT4 platform Type: Bullish Key support levels: 1.7162 Key resistance levels: 1.7246, 1.7277, 1.7424 On September 28th, the price broke above 200 Simple and Exponential Moving Average, showing strong bullish intentions by the pair. The corrective move down followed, with was stopped by a lower trendline of the ascending channel, which was rejected cleanly and the price went up once again. Since September 2nd, the GBP/CAD has ..read more
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EUR/RMB – How to Trade the Euro vs Chinese Yuan
ForexBoat | Forex Trading Education Academy Blog
by Muhammad Awais
3y ago
As the Chinese economy continues to grow, interest in the EUR/RMB is increasing despite the risk associated with the pair. After all, with all the risk, there is potentially more to be made. To trade EUR/RMB or EUR/CNY: Find a forex broker and open a trading account Choose a trading platform Analyze the EUR/RMB or EUR/CNY pair and create a trading strategy Decide to sell or buy Open your trade and add orders to manage your risk Observe and close the position With enough liquidity and volatility to make trading worthwhile, many traders are jumping onto the EUR/RMB trading bandwagon. Let’s loo ..read more
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EURNZD – How to Trade the Euro vs the New Zealand Dollar
ForexBoat | Forex Trading Education Academy Blog
by Muhammad Awais
3y ago
EURNZD is often underestimated and associated with high risk. But with the right knowledge and trading strategy, this pair is a noteworthy trade vehicle with high-profit potential. To trade EURNZD: Learn how the EURNZD pair works Choose a broker and open an account Analyze EURNZD Build your trading plan and select a trading platform Open and monitor your EURNZD position Close the trade The EURNZD pair can make wide swings each day. What’s more, the pair’s volatility can exceed that of the more popular currency pairs, providing more opportunities to potentially make more significant profits ..read more
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