US Dollar / Canadian Dollar (USD/CAD)
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US Dollar / Canadian Dollar (USD/CAD) Trading FAQ
While forex pairs can theoretically be traded 24 hours a day, there are optimum times to trade the USD/CAD whenever the currency pair is more volatile. From 08:00 a.m. GMT to 17:00 p.m. GMT., the USD/CAD is usually busy (GMT).
Many factors can affect the USD/CAD market sentiment and spot rates, such as central banks policies, the price of commodities in each country, exports of both countries, economic growth, and political stability.
The USD/CAD currency pair is one of the most traded pairs in the foreign exchange market. It represents a significant quota of daily trade and is popular amongst newcomers and veteran traders alike.
As you may already know, trading via CFDs (contracts for difference) is one of the most popular approaches when dealing with currencies such as USD and CAD. 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.
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