Do you know this?

The Australian dollar is a commodity-based currency and is currently the sixth most traded currency in the world currency market (behind the US dollar, the euro, the yen, the British pound and the Swiss franc).
It accounts for approximately 5% of the total volume of foreign exchange transactions (approximately 1.9 trillion dollars a day). Its popularity is due to the fact that there is little government intervention in the currency and a general view that Australia has a stable economy and government.


Forex Tips

Trading Forex is certainly not easy, otherwise everybody will be millionaires. In fact, 90% of Forex traders are actually making losses.
Forex market is too complex and there are too many factors that are giving huge impact to the daily fluctuation. The pure technical analysis or the fundamental analysis can never forecast the Forex market trend accurately.
Invest more time to really understand how Forex market work, especially study the trend behaviour characteristic in specific time frame before committing with your hard earn money.

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