Trade EURUSD

EURUSD

Buy

00.000

Sell

00.000

0.0

Change

0.0000

DAILY WEEKLY MONTHLY
0.000 0.000 0.000

Contract Specifications

Type Currency
Digit 5
Max Volume 200
Contract Size 100000
Tick Value 0
Tick Size 0
Category MAJOR
Min trade 0.01
Max trade 100
Step Size 0.01
Notinal Values Per 1 Lot 100000

FAQ

EURUSD is a currency pair: the US Dollar paired with the Euro, the common currency of the Eurozone. USD and EUR are the most traded currencies in the world. These two pairs make up more than half the total trading volume in the currency market.

EURUSD value indicates how many US Dollars you need to purchase one Euro. For example, if EURUSD is at 1.25, it means you need 1.25 USD to buy 1 EUR.

EURUSD is considered the king of currency pairs. In terms of currency trading, EURUSD is one of the ‘major’ pairs. EURUSD can sometimes be abbreviated as EUR/USD.

In this pair, EUR is the base currency while USD is the quote currency. It is the most recommended pair to trade; even to the beginners, because of its vast liquidity.
As is the case with all currency pairs, whatever impacts a single currency also has an effect on its pair. Factors that are most likely to impact the price of EURUSD are as follows:

FED and ECB decisions: The Federal Open Market Committee (FOMC) of the United States Federal Reserve System (FED), meets bi-monthly. They make key monetary policy decisions on interest rates and money supply. Similar to FED, the European Central Bank (ECB) is the major body that influences the value of Euro via monetary policies.

For example, higher interest rates in the US decrease the supply of USD in the market, because investors want to hold on to USD. This usually causes EURUSD to fall. On the other hand, lower interest rates in the US raise the supply of US dollars in the market, because investors are less likely to hold USD for interest purposes. As a result, EURUSD typically rises in value.

Employment Data: On the first Friday of every month, the US Department of Labor's Bureau of Statistics releases employment data for the previous month. The report is widely known as NFP (nonfarm payrolls) or 'US jobs report'. It is an influential statistic on the state of the labor market in America, and it has a direct influence on EURUSD value.

While the Eurozone has no consolidated employment figures, similar reports from the major economies in the zone (Germany, France and Italy) impact the exchange rates of the Euro.

Geopolitical tensions: The political situation between the EU and the US has a major effect on EURUSD price. In times of political uncertainty, investors might shy away from a particular currency or a currency pair. They usually turn to alternatives or to ‘safe havens’ such as gold.
It is often bad advice to name a strategy for any given trading instrument, because CFD markets are notoriously volatile. While the volatility is part of its charm, beginner traders might find it difficult to adjust their trading and to adapt the shifting nature of the markets.

Yet, one must learn how to walk before learning how to run. As the most liquid currency pair in the world, EURUSD has simple yet successful trading strategies available to both newcomers and the experienced traders.

Using support and resistance levels is usually the most basic yet reliable strategy. This approach takes advantage of price levels on charts. Both support and resistance levels can be considered as suitable market entry points. Price can either be expected to pullback (leading to a correction), or to breakout (leading to a new rally higher or sharp drop lower). Traders who can identify these areas for pullbacks and breakouts will soon find this simple strategy to give them great success in trading the EUR/USD. EURUSD might look like a good candidate for scalping but day traders are advised to proceed with caution as the EURUSD price action can be most unexpected.
EURUSD is the most popular instrument in the currency market. You can start trading EURUSD right now with a free Blue Suisse account. Not feeling ready? You can practice trading with a demo account as well.

Follow these easy steps to start trading EURUSD:

Step 1: Register by filling out the form on Blue Suisse website here.
• If you want to try our platforms first, you can start with a demo account instead.

Step 2: Finish your application by confirming your identity. We will ask for a proof of identity and a proof of address.

Step 3: Make your first deposit via secure methods, including credit card, bank transfer or others.

Step 4: Access a trading platform. Either install the software or access TradeMaster’s web version via your browser.

Step 5: Look for EURUSD using the search function and start trading immediately.

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Risk Warning; CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72.35% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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