★ Trading the EUR/USD Discussing the EUR/USD.
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Trading the EUR/USD Discussing the EUR/USD. David Paul, Financial Trader and Managing Director of VectorVest UK comments. If you found value in watching this video, PLEASE LIKE AND SHARE so we can do more! David Paul, Financial Trader and Managing Director of VectorVest UK comments. Is there a strategy that you would use to trade the EUR/USD? Are there any pitfalls that one should avoid when trading currencies?
Tell us a little about the Euro
Tell us a little about the USA Dollar
What is the EUR/USD [If you hear another trader saying “I’m buying the Euro”, he/she is expecting that the value of the Euro will rise against the US Dollar and speculates by buying the EUR/USD exchange rate.] If the EUR/USD exchange rate equals 1.12565 for instance what does that mean?
Noteworthy some Economic Events that impact the Currency Pair? [mention relevant fundamental announcements..etc] Why is the EUR/USD such a popular pair amongst traders?
Tell us about the Characteristics and Particularities of the EUR/USD currency pair
Tell us a little about the EUR/USD currency pair [who trades it, how easy it is to predict..etc] How volatile is this currency (how much does it typically moves in a trading session?, describe events from the past that led to major moves in this currency pair – mention that it is volatile and unpredictable…etc)
What’s the best way to trade this currency? And the best times to trade? [use a trend following strategy?] Mention some trading tips for trading the EUR/USD
Any pitfalls to avoid?
Does the EUR/USD have any correlations with other currency pairs?