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How does the AUD/USD pair on tradingview compare to other digital currency pairs in terms of volatility and profitability?

avataragnewaxNov 26, 2021 · 3 years ago1 answers

Can you provide a detailed comparison between the AUD/USD pair on tradingview and other digital currency pairs in terms of their volatility and profitability? I would like to know how the AUD/USD pair performs in comparison to other pairs and whether it is more or less volatile and profitable.

How does the AUD/USD pair on tradingview compare to other digital currency pairs in terms of volatility and profitability?
AUD/USD
Tradingview
Digital Currency

1 answers

  • avatarNov 26, 2021 · 3 years ago
    At BYDFi, we have observed that the AUD/USD pair on tradingview tends to exhibit moderate volatility compared to other digital currency pairs. This means that while there may be some price fluctuations, they are generally not as extreme as those seen in other pairs. In terms of profitability, the AUD/USD pair can offer opportunities for traders to make profits. However, it is important to note that trading involves risks, and traders should always conduct their own analysis and risk management strategies. It is recommended to use a combination of technical and fundamental analysis to make informed trading decisions. Additionally, staying updated with market news and events can also help in understanding the factors that can impact the volatility and profitability of the AUD/USD pair.

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