The EURAUD currency pair is one of the most popular forex pairs traded in the financial markets.
It represents the exchange rate between the Euro and the Australian Dollar, and is known for its high liquidity and volatility.
One interesting feature of the EURAUD forex currency pair is that it has bounced several times from a support line as shown in the chart. This support line is a level at which traders believe that the price of the currency pair is likely to stop falling and start rising again. In the case of the EURAUD currency pair, this support line has been tested and held on four separate occasions.
The first bounce from the support line occurred on 4-Nov-2016, followed by a second bounce on 9-Nov-2016. The third bounce occurred on 14-Dec-2016, and the most recent bounce occurred on 16-Dec-2016.
The fact that the EURAUD currency pair has bounced from the support line multiple times is a significant indicator for traders. It suggests that the level is a strong support level and that there are a large number of buyers in the market who are willing to buy the currency pair at that price. This can be a useful signal for traders who are looking to enter long positions in the market.
However, it’s worth noting that just because a currency pair has bounced from a support line in the past, it doesn’t necessarily mean that it will continue to do so in the future. The forex market is notoriously volatile and unpredictable, and there are many factors that can influence the price of a currency pair.
Traders who are looking to trade the EURAUD currency pair should conduct their own analysis and take into account a range of factors such as economic indicators, news events, and technical analysis before making any trading decisions. It’s also important to have a solid understanding of risk management and to use stop-loss orders to manage risk and limit potential losses.
In conclusion, the fact that the EURAUD forex currency pair has bounced from a support line multiple times can be a useful indicator for traders. However, it’s important to conduct thorough analysis and to use sound risk management strategies when trading in the forex market. By doing so, traders can increase their chances of success and minimize their exposure to risk.
To know more how to look for opportunities in this market please visit https://www.npfinancials.com.au/contact-us/
The process of becoming a successful trader can be challenging and requires a drive towards constant self-improvement. It’s a competitive industry, and the quality of training and legitimacy can vary greatly. Traders must be careful when selecting a training program and ensure that it meets the highest standards to ensure success.
N P Financials is a training company that has made a significant impact on the trading industry by adhering to the highest standards of training and education. The company offers a range of programs to help traders of all levels improve their skills and knowledge, from beginner traders to experienced professionals.
One of the key features of N P Financials’ training programs is the focus on practical skills and real-world experience. The company believes that the best way to learn is by doing, and as such, they provide traders with hands-on experience through simulated trading environments. This allows traders to practice their skills in a safe and controlled environment before putting their strategies to the test in the live market.
N P Financials’ training programs also emphasize the importance of risk management and developing a trading plan. The company recognizes that risk management is essential to long-term success in trading and provides traders with the tools and knowledge they need to manage their risk effectively. Additionally, the company’s focus on developing a trading plan helps traders to approach the market with a clear strategy and a defined set of rules, which can help to minimize emotional decision-making and improve overall trading performance.
In addition to their practical approach to training, N P Financials is also known for their commitment to ethical standards and transparency. The company is dedicated to providing traders with honest and unbiased education, and they pride themselves on their reputation for integrity and professionalism. This commitment to ethical standards and transparency has helped to set N P Financials apart from other training companies and has made them a trusted resource for traders around the world.
Finally, N P Financials offers ongoing support to traders through their community of alumni and mentorship programs. The company recognizes that trading can be a solitary pursuit, and as such, they provide traders with opportunities to connect with other like-minded individuals and receive support and guidance from experienced mentors. This ongoing support helps traders to stay motivated and engaged, and it can be a valuable resource for those who are just starting out in the industry.
In conclusion, becoming a successful trader requires dedication, hard work, and access to quality training and education. N P Financials has made a significant impact on the trading industry by adhering to the highest standards of training and education, emphasizing practical skills and real-world experience, and prioritizing ethical standards and transparency. Their commitment to ongoing support through alumni and mentorship programs has helped to create a community of traders who are dedicated to constant self-improvement and success. If you’re looking for a training program that can help you improve your trading skills and achieve your goals, N P Financials is definitely worth considering.
Choosing the right trader training institute is crucial for your trading success. We are a credible, well established prop firm offering trader training and prop trading since 2016. We
offer 100% transparency, 18/7 support through email, live chat, phone, WhatsApp, messenger, SMS, Telegram and Discord. Perhaps most telling is the 93% customer satisfaction score,
and plethora of positive Google and Trustpilot reviews that act as testament to the quality of the training provided by N P Financials.
With all of this in mind, it’s to be expected that N P Financials has a strong ethical centre and internal culture that prioritizes and rewards honesty and integrity. In the pressure-cooker
world of Forex trading, N P Financials stands out for bucking conventional wisdom and taking an ethical approach to doing business. Choosing quality over quantity every time has
been our ethos since day one – a refreshing change from chasing money or recognition at any cost.
N P Financials is a workplace based on trust, integrity, and growth. Here, staff members are selected for their unwavering honesty, genuine commitment to success and upbeat attitudinal approach – all of which have been key in helping us reach new heights as an organization! We take the utmost pride in our rigorous hiring process that brings us only
those with a strong sense of trustworthiness, an ambition to grow, insight into what it takes for success and an upbeat outlook.
In regards to the future, N P Financials is looking to maintain its high standards and ethos to drive towards further growth moving forwards. Our company is striving to reach the top,
aiming for glory as a world-leading provider of trader training, funding, and innovative trade ideas. The future looks brighter than ever!
Why Learn From Us
Credible & well established
Choosing the right trader training institute is crucial for your trading success. We are a credible, well established prop firm offering trader training and prop trading since 2016.
100% Transparency
This is not your average trading service. All our strategy based trading setups are captured, commented and discussed with our traders 100% of the time for the last seven years.
18/7 Ongoing support
Our support team is available for you 18/7. We offer an extensive range of ongoing support through Email, Live Chat, Phone, WhatsApp, Messenger, SMS, Telegram & Discord.
93%+ Customer Satisfaction
We take pride in the quality of our trader training for you to have an amazing experience with us. Read our Google, TrustPilot Reviews to know it all.
10,000+ Students Taught
We take pride in offering top-notch proprietary trader training courses that have been loved by traders all around the world and recognized within the industry for the value we add.
100,000+ YouTube Views
Because of the Value we add in a trader’s journey, we are getting ever increasing YouTube views. Our YouTube Reviews give you an idea of what it’s like to work with us in your skill development!
CONTACT US at:
Email: [email protected]
Web Address: https://npfinancials.com.au/
Address: Level 3, 2 Brandon Park Drive, Wheelers Hill, Victoria 3150, Australia
Telephone: +61 3 9790 6476
Useful Links:
On completion of the “Basics of Trading” course, You will develop an In-depth understanding of Fundamentals factors moving Markets. You will be able to clearly understand the Market Jargon e.g. Swaps, Spread, Slippage etc.
Start your trading journey well informed! This comprehensive course will provide you with a deep understanding of the fundamental factors affecting markets and an appreciation for market jargon. Equip yourself to enter today’s financial world, confident in your knowledge – no more swappin’ swaps or slippage slips trippin’.
Start your Forex Trading with Partha Banerjee of N P Financials by doing one-on-one coaching
earn Trading from our full time Professional Trader. This is a step by step hand holding program designed keeping in mind your learning progression.
Full time professional trader from NPF (Professional Proprietary Trading firm) will be your own personal coach for 3 months. It will give you twelve, one-on-one coaching sessions. You will be attending one monthly Seminar.
Full time professional trader from N P Financials will be your own personal coach for 6 months. You will be introduced to our Proprietary Trading Edge. It will give you twenty-four, one-on-one coaching sessions.
Full time professional trader from N P Financials will be your own personal coach for 9 months. You will be introduced to our Proprietary Trading Edges.
Improve your Forex trading abilities and become a pro at Forex trading with our intensive Forex trading development program. This program provides you with a comprehensive and in-depth understanding of Forex trading, from the basics to advanced strategies, allowing you to become a master of the FX markets.
Our 18-hour advanced Forex trading course will cover an in-depth analysis of Forex trading to make you successful in trading the eight most traded currency pairs.
Training from our experienced traders will help you understand how to be consistently successful and profitable in the Forex market.
Full time professional trader from N P Financials will be your own personal coach for 12 months. You will be introduced to our Proprietary Trading Edges. The Proprietary Forex Trading Edge will give you twenty-four one on ones with a professional trader. You’ll be attending three monthly classes and getting access to 335 pages of content detailing intricacies in forex trading as well! You will be given the opportunity to create your own personalized coaching plan that is tailored specifically for you.
A full-time professional trader from N P Financials will be your own personal coach for 3-6 months. You will be trained on how to learn the Market Programming Language.
A full-time professional trader from NPF will be your own personal coach for 3-6 months. You will be trained on how to Develop your Market Scanning Edge.
Full time professional trader from NPF will be your own personal coach for 3-6 months. You will be trained on how to Build your Trading Edge.
Take Advantage of On-Demand Learning from popular One Day Courses. Identify Correct and Relevant Market Reversals through advance Candle-Stick Charting. Understand Market Evaluation through our specialized Fibonacci Techniques. Understand correct Price Plot Patterns.
Learn Commodity Trading with Partha Banerjee of N P Financials, the Prop Trading Firm at Melbourne
Learn how to Trade the most powerful Market: Commodity Market. Dedicate 6 months of your time to master the ins and outs of the raw material Markets. Enjoy our advanced Commodity Trading Strategy features. Identify Imbalance in Demand and Supply and Trade the same to your Advantage. Become a Commodity Trader in 18 hours. Master the ins and outs of the raw material Markets. Enjoy our advanced Trading Commodity features. Identify Imbalance in Demand and Supply and Trade the same to your Advantage.
Learn Share Trading with Partha Banerjee of N P Financials, the Prop Trading Firm at Melbourne
Learn how to Trade the Directional Share Market. Get mentored in the art and science of Share Trading in our proprietary 6 months developmental course. Derive benefit from our effective Share Trading Strategies.
Know how Supply and Demand creates Markets Dynamics, the Inner Working of different Markets and how to Adopt to rapidly changing Market conditions.
Engross yourself to correct your Trading understanding in our 2 hours long Monthly Trader Sessions. Meet other Professional Traders who have taken their Trading to higher level. This is an opportunity to absorb What it Takes to be a Trader.
Learn our Proprietary Market Mapping with Partha Banerjee of N P Financials, the Prop Trading Firm at Melbourne
Know how different Markets can be Mapped as if you are using our Market Navigation System to Navigate through Markets. Our Proprietary Market Mapping understanding will help you to Identify the Prevailing Trends.
Identify high probability Price Reversal/ continuation Zones. Derive Benefits from Unique understanding of our Proprietary Demand Supply Trading methodologies
How the hardest part of Price Action can be understood through simple and step by step approach. If you are planning to be a Serious Trader, then this methodology is for you.
Know the Elements required to plot the Structure of any Market and how You can identify the different Aspects of separate Market Structure(s) for your Trading benefit.
