Who trades forex in Australia?
Individuals and businesses both trade Forex in Australia. For businesses, Forex trading can be a way to hedge against currency risk. For individuals, Forex trading is usually done as speculative investment, with the goal of making money from changes in currency prices.
What is the Australian dollar worth?
The value of the Australian dollar (AUD) has been fairly stable in recent years. As of early 2020, one AUD was worth around 0.68 USD. This means that if you trade $100 AUD to USD, you would get around $68 USD.
When should you trade FOREX in Australia?
The best time to trade Forex will depend on your individual circumstances and goals. If you're looking to seek a chance to make quick profits, then you'll need to start learning and trading.
Prospero Forex trading team continuously provides CFD updates, insights, as well as investment resources and educational materials to our investors, helping our CFD investors get better insight in the investment market and making wise investment decisions.
Prospero Markets has given investors access to global Forex trading (FX), indices, share CFDs, commodities, and more.
Risk warning:
Trading Contracts-For-Difference (CFD) carries significant risk of losing money rapidly due to leverage. You do not own or have any rights to underlying assets. The past performance is not indicative of future performance. It may not be suitable for all investors. Before deciding to trade the products offered by us, you should carefully consider your objectives, financial situation, needs, and level of experience. We recommend that you seek independent professional financial advice and ensure you fully understand the risks involved before trading.