Tuesday, December 27, 2016

How Much You Could Earn Trading USDCAD?

Dear Nasril Nizam

How much you could earn trading a major currency pair USDCAD?

Have you been following forex developments last week? Here is how much you could earn by trading Canadian dollars.

The Canadian dollar has been weakening after the Federal Reserve rate hike decision on December 14.

  • Based on our USDCAD technical analysis released on December 21, you could buy 100,000 USD with 1:100 leverage at the exchange rate USDCAD 1.34036 (by buying short 134,036 Canadian dollars) on December 21, 2016 by investing 1,000 USD.
  • Close the position on December 23 at the exchange rate USDCAD 1.35326.
  • Therefore, by investing just 1,000 USD, you could earn 952.14 USD (net of 7.66 USD swap charge), that is increase the investment by ~95%.

Try your own successful strategy by trading USDCAD.

Trade USDCAD

If you have no real trading account yet, open it now and realize your best trading strategies: the minimum deposit is 1$ !

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If you are a beginner, visit our Education Center first.

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Enjoy your trading with us!

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IFC Markets Corp.
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