Currency Convertor

Risk Warning : CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 62% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Currency Convertor +
Afterprime / Live Spreads / Forex / Trade EURUSD CFD

EURUSD Euro vs United States Dollar

CFD Forex

Forex

Major Forex-Major OTC
Sell EUR
Buy EUR

Why Trade EURUSD?

  • Spreads from 0.0pips
  • Fast Execution < 1ms
  • Full Trade Receipts
  • $0 Fee Deposits
  • TradingView
  • TraderEvolution

What is Euro vs United States Dollar / EURUSD?

EURUSD is the ticker symbol for Euro vs United States Dollar. EURUSD is a Forex CFD. The EUR/USD currency pairing is a representation of the amount of US dollars (USD) that can be bought for every Euro (EUR).

The standard contract size for EURUSD is 100000 with max lots of 1000 tradeable in 0.01 lot increments.

EURUSD Product Specification

Contract Size
100000
Margin Currency
EUR
Profile Currency
USD
Pip Value
10
Asset Class
Sector
Major
Sub-Sector
Forex-Major
Expiry
Perpetual
Max Lots
1000
Minimum Size
0.01
Step
0.01
3-Day Swap
N/A
Product Specs

EURUSD Sessions

Exchange
OTC
Market Hours
24 Hrs
Expiry
Perpetual
Monday
00:01-23:59
Tuesday
00:01-23:59
Wednesday
00:01-23:59
Thursday
00:01-23:59
Friday
00:01-23:57
Saturday
Closed
Sunday
Closed
Time Zone
GMT +2 / GMT +3

EURUSD Platform Access

Price Feed
Desktop
Web
Mobile
FIX API
Scalping / News
Automated Trading
Day Trading

EURUSD Profit Calculator

Account Balance
Trade Size (Lots)
Buy/Sell
Account Leverage
Pip Change +/-
Instrument
EURUSD
Pip $
Margin
Converted Margin
Profit/Loss
Equity
Margin%

EURUSD Trading Strategies for Beginners

The EURUSD pair is one of the most traded currency pairs in the world. As such, it is no surprise that there is a vast amount of information and strategies available for traders looking to potentially profit from this popular pair. However, with so much information available, it can be difficult to know where to start. In this blog post, we will go over some basic EURUSD trading strategies that beginners can use to get started.

Currency Pair Correlations

One important thing to keep in mind when trading any currency pair is how it is correlated with other pairs. The EURUSD pair is positively correlated with the GBPUSD pair and negatively correlated with the USDCHF pair. This means that when the EURUSD pair goes up, the GBPUSD pair will also tend to go up, while the USDCHF pair will tend to go down. Conversely, when the EURUSD pair goes down, the GBPUSD pair will also tend to go down while the USDCHF pair will tend to go up. These relationships can be used to formulate trading strategies. For example, if the EURUSD pair is going up but the GBPUSD pair is going down, a trader might short the GBPUSD pair while simultaneously long the EURUSD pair in order to capitalize on the expected move.

Trading Levels

Another important concept for beginner traders to understand is trading levels. A level is simply a price at which there has been a significant amount of buying or selling activity and therefore where there is expected to be support or resistance. These levels can be used by traders to enter or exit trades. For example, if the EURUSDpair is approaching a major resistance level, a trader might short the pair at that level in expectation of a price decline.

Moving Averages

Moving averages are another commonly used technical indicator that can be used to form trading strategies. A moving average is simply an average of prices over a certain period of time which is used to smooth out price action and help identify trends. There are three main types of moving averages which are widely used by traders: simple moving averages (SMAs), exponential moving averages (EMAs), and weighted moving averages (WMA). Simple moving averages give equal weight to all prices in the period being averaged, while exponential moving averages give more weight to recent prices. Weighted moving averages are similar to exponential moving averages but with even more weight given to recent prices. All three types of moving averages can be used to form trading strategies; however, which one you use will depend on your personal preferences and market conditions.

These are just some basic concepts and strategies that beginner traders can use when trading EURUSD. Of course, there are many other things that need to be taken into consideration such as risk management, position sizing, and execution; however, these are beyond the scope of this blog post. Hopefully, this has given you a better understanding of how to trade this popular currency pair and some ideas on what kinds of strategies you could use.

Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.

Popular EURUSD FAQs

What is the minimum trade size for EURUSD?

The minimum trade size for EURUSD is 0.01

What is the maximum trade size I can open on EURUSD?

1000 lots

How do you analyze EURUSD?

You analyze the EURUSD pair the same as any other market, by a combination of technical analysis, trend analysis, and any pertinent fundamental analysis or information that is available. You should think of the EUR as the "anti-USD", as if the USD is soft, it generally means that there is a strengthening EUR, and vice versa.

What leverage do we offer on Forex?

We offer competitive leverage rates which are determined by the Afterprime entity you register with.

What is the value of one Forex point?

One Forex point is normally = to 10 unit of base currency. For instance, one Forex point of EURUSD is = to 10 EUR.

Is CFD trading risky?

CFD trading is extremely risky. Trading any leveraged product carries significant risk as you have the ability to open positions that are far larger than your account balance.

EURUSD Trading Strategies.

The Afterprime liquidity mix for the forex market has been specially designed to cater for all forex trading styles. Enjoy trading on EURUSD with fast speeds and low costs.

Scalpers

Low Costs

News Traders

STP Execution

HFTs

Execution From < 1ms

Expert Advisers

No restrictions

Swing traders

Low financing

Large Traders

Deep sweepable liquidity

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FAQs

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This website is operated by Afterprime Europe Limited (ex H.C.F.S High Capital Financial Services Limited), a Cyprus Investment Firm ("CIF") that is registered under the laws of the Republic of Cyprus with registration number HE360438, authorized and regulated by the Cyprus Securities and Exchange Commission, ("CySEC") under a CIF License number 368/18.

Afterprime is a tradename of Afterprime Europe Limited.

Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 62% of retail investors' 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. Please refer to our full Risk Disclosure Notice.

This website does not contain, and should not be construed as containing investment advice or an investment recommendation or, an offer or solicitation for any transactions in financial instruments.

This information is not directed or intended for distribution to or use by residents of countries/ jurisdictions outside the European Economic Area (EEA), including but not limited to Belgium and USA, since the Company does not offer its services to any third countries where trading CFDs is prohibited.