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Forex Algorithmic Trading Strategies

what is forex trading

Imagine a trader who expects interest rates to rise in the United States compared to Australia while the exchange rate between the two currencies (AUD/USD) is 0.71 (i.e., it takes $0.71 USD to buy $1.00 AUD). dotbig sign in The trader believes higher U.S. interest rates will increase demand for USD, and the AUD/USD exchange rate therefore will fall because it will require fewer, stronger USDs to buy an AUD. A forward contract is a private agreement between two parties to buy a currency at a future date and at a predetermined price in the OTC markets.