Hello all, I am new to Forex Trading and I got burnt several times, I sincerely seek advise on how to trade AUD/USD.
I was told that AUD/USD should drop prior/after interest rate cut, however I saw a jump to 0.64 when the news was out, why is that? What is the best entry price now? I only have very little fund and using igmarkets, my stop loss is tight. I have experienced a few times the money is wiped out when my stop loss is too narrow.
Please help, urgently need your advice.
AUD
australian dollar
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