Australian Dollar / Singapore Dollar (AUD/SGD)
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Australian Dollar / Singapore Dollar (AUD/SGD) Trading FAQ
The best time to trade AUD/SGD is from 1300 to 1700 GMT. This is the time when both London Market and New York Market are open and trading transactions from both markets means AUD/SGD spreads are normally tightest during this time because there is a lot of market liquidity for online Currency trading transactions.
As for the currency pair itself, it has all the qualities a day trader looks for. It is highly volatile although not the most volatile pair there is, which may expect the relatively low popularity of AUD/SGD.
As you may already know, trading via CFDs (contracts for difference) is one of the most popular approaches when dealing with currencies such as AUD/SGD. While there are numerous Forex brokers out there. Try to find one that suits your needs. Such as FP Markets, a fully-regulated broker that offers all types of platforms and accounts, to suit every need.
