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The Australian Dollar against the US Dollar (AUDUSD) is a highly volatile Forex pair when measured on a daily basis.

• AUDUSD accounts for 6.5% of the total Foreign Exchange market volume
• AUDUSD has had an 80% positive correlation to the price of gold and a 90% positive correlation to the New Zealand dollar
• During the past two decades, the correlation between copper and Aussie is more than 70%

■ AUDUSD TRADING INFO

• Best Time to Trade: between 19:00 GMT and 04:30 (GMT).

• Best Months to go Long:  APRIL | JUNE

• Best Months to go Short:  MAY | AUGUST

• Correlations: EURUSD | NZDUSD | XAUUSD

  Read more: The Australian Dollar against the US Dollar (AUDUSD)

The New Zeeland Dollar against the US Dollar (NZDUSD) is a highly-volatile Forex pair on a day-to-day basis.

• New Zealand is a major exporter of raw materials, and NZD is a commodity currency
• The New Zealand Dollar is the official currency of New Zealand, Tokelau, Cook Islands, Pitcairn Islands, and Niue
• NZDUSD accounts of about 1.9% of the toal Forex market volume

■ NZDUSD TRADING INFO

• Best Time to Trade: during the Asian session {between 24:00 to 02:00 GMT & 06:00 to 08:00 GMT}

• Best Months to go Long:  APRIL | DECEMBER | JUNE

• Best Months to go Short:  AUGUST | MAY

• Positive Correlations: EURUSD | AUDUSD

  Read more: The New Zeeland Dollar against the US Dollar (NZDUSD)

Starting with Forex Trading

There are a lot of things you need to know before starting to trade in the Foreign Exchange market. It is recommended to learn all the necessary skills and then practice with a free demo account, before trading with real money. A demo account can help you gain experience without any risk of losing your funds. When you are ready to trade for real money, it is better to start by opening a micro-lot account and depositing only a small amount. The Forex market offers opportunities that you can exploit by risking only a limited amount of money.

CurrenciesFx includes a lot of useful educational resources and techniques on how to successfully trade the world's currencies: » There is also CurrenciesFx Lessons section

Learning about the Forex Majors

The Forex Majors refer to the most active and liquid currency pairs and account for about 85% of the total Foreign Exchange market activity. 

» Learn about the Forex Majors

These are some basic questions/answers regarding what matters the most when opening a new Forex trading account.

1) How do I start trading Forex?

It is highly recommended to start trading Forex by opening a free demo account. A demo account can help you gain experience without any risk of losing your funds. Every respectful Forex broker will provide you with a free demo account. After gaining some experience, you can trade for real money. When starting to trade for real money note that a micro-lot account is more suitable for beginners.

• Demo/Practice accounts offer an excellent chance to gain experience and evaluate the conditions of every Forex Broker without any cost
• A micro-lot account is the best option for beginners and semi-advanced Forex Traders as it allows trading in smaller order sizes