March 12, 2024 11:00 AM
Overview
Costs & Margins
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EUR/USD is the FX ticker for the exchange rate between the US dollar and the euro. It tells traders how many US dollars are needed to buy a single euro.
EUR/USD – called ‘Eurodollar’ by FX traders – is considered a major currency pair. In fact, it’s the most traded pair on the market by volume1 as it represents two of the biggest and most influential economies in the world.
Since the euro was created in 1999, EUR/USD has been one of the most volatile pairs. EUR/USD is primarily impacted by government policies and central bank decisions from both economies.
1BIS Triennial Survey, 2022.
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Margin From2 %
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Trading Hours24 hours / day *
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Min Trade Size1000
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Long-1.38
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Short-0.60
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Min Stop Distance0.00008 Points
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Spreads
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Spreads From0.00012 Points
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Margins
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0 - 24000 0002 %
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24000 000 - 61000 0003 %
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61000 000 +20 %
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Dealing
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Spreads0.00012 Points
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Margins
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0 - 24000 0002 %
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24000 000 - 61000 0003 %
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61000 000 +20 %
Latest Research
May 13, 2022 06:14 AM
Forex explained
Why trade forex
People trade forex for a range of reasons, including the unmatched liquidity of the market, the ability to trade on leverage, the opportunity to take positions in both rising and falling markets, the lack of hidden fees or commissions, and the accessibility of markets being open 25 hours a day, five days a week.
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What is forex?
Forex is the process by which traders can buy one currency and simultaneously sell another, with the goal to profit from the direction price is likely to take in the future. With a daily trading volume of more than £5.1 trillion, the forex market is the most traded in the world, and is open 24 hours a day, 5 days a week for banks, institutions and individuals worldwide.
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How to trade forex
In order to trade forex, there are a few key steps to follow. First, you need to select a currency pair. Many traders choose a major pair such as EUR/USD due to high liquidity. Next, analyzing the market is key to understanding the technical and fundamental drivers that may affect price. Once you understand how to read the quote, it's time to open your position by going long or short.
You'll need to monitor your trade, with many traders using technical indicators to make better sense of price action, and features such as stops and limits to manage risk. Finally, you can close your position when the market hits a price at which you want to exit.
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