FOREX IN DETAIL
AUD/USD CURRENCY PAIR
A heavily traded currency on the FOREX market, the US dollar has a percentage of trade when paired against the Australian Dollar representing approximately 20% of the total. Australia has a prosperous economy which is partly due to its rich natural recourses. Major exports of agricultural products, minerals & energy make up almost 60% of total exports The relation between the AUD & USD is affected by the interest rates between the Reserve Bank of Australia (RBA) and the Federal Reserve. The strength and weaknesses of other currencies also influence AUD/USD performance. The name "Aussie" is given to the AUD/USD currency pair.
COMPANY NEWSs
SPREAD BETTING ON THE FOREX MARKETS
Spread betting on FOREX currency pairs has been gaining more and more popularity amongst online traders. It offers a lot of flexibility and is thus a preferred way of trading for many people.
Instead of opening a position for a certain transaction value, you choose a stake which represents the value for each pip by which the price moves. You also choose a stop-loss, by which you set how much you are willing to lose. This is your margin deposit. As with futures and spot trading, you can also benefit from falling markets by going short or long. Your profit or loss is equal to your stake multiplied by the number of points by which the price has moved.



