EUR/USD

Buy Sell

EURO / US DOLLAR PAIR

This is the most popular currency pair in the world, representing the world’s two largest economies.

The Euro was created to facilitate cross-border trade of European trading partners. Since its inception in 1999, the pair has faced considerable volatility as the world has faced multiple events of volatility such as the tech boom becoming the tech bust, the real estate bubble, and the European Debt Crisis which still has yet to find long-term resolution.

In this example, the Euro is the base currency and thus the “basis” for the buy/sell. If you believe that the US economy will continue to weaken and this will hurt the US dollar, you would execute a BUY EUR/USD order.

By doing so you have bought euros in the expectation that they will appreciate versus the US dollar. If you believe that the US economy is strong and the euro will weaken against the US dollar you would execute a SELL EUR/USD order. By doing so you have sold euros in the expectation that they will depreciate versus the US dollar.

EUR/USD is the most tradable currency pair in the forex market. The base currency is the EUR, while the USD is considered to be a quote. You might hear some analysts call this cross “Fiber”.

Why is it called “Fiber,” you ask? 

The GBP/USD is also known as “Cable” because GBP and USD are the world’s oldest currencies.

When the EUR emerged, the cross EUR/USD was given the nickname “Fiber”, as it was considered to be an updated version of the GBP/USD. It was derived from the network’s name, whereby the fiber optic cable is a newer version of the cable network. 

What Is the Spread of the EUR/USD?

Generally, the spread for the EUR/USD ranges from 0 to 3 pips, but this depends on the broker you deal with. The lower the better, as it is less costly to trade the EUR/USD.

For example, if you open a one lot position on EUR/USD with one pip as a spread, you will pay a $10 fee. However, if the spread is 3 pips, it will cost you $30 instead of $10 for one lot of EUR/USD. 

Which Types of Market News and Events Significantly Impact the EUR/USD

The Federal Reserve or European Central Bank decisions impacting rates can significantly impact EUR/USD price volatility.

You will see huge spikes on EUR/USD charts, as traders and institutions adjust their positions according to the news. 

What Is the Minimum Lot Requirement Needed to Trade This Pair?

Nano is the smallest lot that can be used to open a trade for the EUR/USD pair. If you use the MT4 platform, you should be able to input 0.0001 to open a nano position that is worth 100 currency units.

EUR/USD 

EUR/USD is the most tradable pair in the forex market. The base currency is the EUR, while the USD is considered to be a quote. You might hear some analysts call this cross “Fiber”.

Why is it called “Fiber,” you ask? 

The GBP/USD is also known as “Cable” because GBP and USD are the world’s oldest currencies.

When the EUR emerged, the cross EUR/USD was given the nickname “Fiber”, as it was considered to be an updated version of the GBP/USD. It was derived from the network’s name, whereby the fiber optic cable is a newer version of the cable network. 

What Is the Spread of the EUR/USD?

Generally, the spread for the EUR/USD ranges from 0 to 3 pips, but this depends on the broker you deal with. The lower the better, as it is less costly to trade the EUR/USD.

For example, if you open a one lot position on EUR/USD with one pip as a spread, you will pay a $10 fee. However, if the spread is 3 pips, it will cost you $30 instead of $10 for one lot of EUR/USD. 

Which Types of Market News and Events Significantly Impact the EUR/USD?

The Federal Reserve or European Central Bank decisions impacting rates can significantly impact EUR/USD price volatility.

You will see huge spikes on EUR/USD charts, as traders and institutions adjust their positions according to the news. 

What Is the Minimum Lot Requirement Needed to Trade This Pair?

Nano is the smallest lot that can be used to open a trade for the EUR/USD pair. If you use the MT4 platform, you should be able to input 0.0001 to open a nano position that is worth 100 currency units.

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