Trading the EURUSD at Boss Capital

Best Binary Options Brokers 2020:
  • BINARIUM
    BINARIUM

    Best Binary Broker 2020!
    Perfect for Beginners!
    Free Trading Education! Free Demo Acc!
    Get Your Sign-up Bonus Now:

  • BINOMO
    BINOMO

    Trustful broker.

Trading the EUR/USD at Boss Capital

Previously, I enjoyed trading at 24option until they closed down for United States residents. Then I went with TradeRush for a long while after that. But now that TradeRush is also closed to U.S. customers, I’ve decided to go over to Boss Capital for the moment. It seems to be a popular destination for binary options traders residing in the U.S. at the current time. The industry is very fluid with respect to where U.S. traders can and cannot trade with all the associated trading laws involved and whatnot. So for now, Boss Capital is where I will trade. I’ve also heard good things about Redwood Options. I may look into them, in addition. But for the sake of seeing how withdrawals go first at Boss Capital, I’m simply doing smaller trade amounts. I also haven’t traded for quite a while, but trading really isn’t a skill you lose entirely after a decent layoff, I believe. So long as your emotions are in check as they were before and your general way of going about the markets is similar, your money management is in line, and so forth, you shouldn’t be too concerned with being “rusty.” It’s kind of like driving. After a while it becomes second-nature and it’s not really a skill you would tend to lose after an extended layoff.

Also, I should note that I am slightly altering my trading schedule. Typically, I would trade during the European session and maybe a bit of the European/U.S. market hours crossover (e.g., 3AM-7AM EST). But based on how my schedule is shaping up this summer, trading during the New York morning or afternoon hours might be more amenable.

Today’s market was very unnotable. Not a whole lot of action, in general. It is summer, of course, so you don’t really get the price movements as you might during the fall and after the Christmas/New Year’s holidays are over. In fact, I largely didn’t think I would enter into a trade altogether today. The Euro did fall against the U.S. dollar during an 8:30 news release and retraced back up to approximately 1.3548 on the 9:45 candle. Given that this level represented the ceiling of that retracement, you could consider that as a resistance level. Moreover, being that the market was net down for the day, it could be an adequate area to take put options if something set up at that level in the future.

This didn’t materialize until the early afternoon, but at least I was able to actually get into a trade. Price came back up to the 1.3548 level on the 1:20PM candle and rejected it. For those who are unfamiliar with my general trading strategy, what I like to do is find support and resistance levels in the market that price has been sensitive to in the past. When it approaches these levels in the future, I watch how price acts around these levels. I typically use a five-minute chart when trading short-term binaries, and wait for price to first reject the price level in question by first touching and then closing below it in the case of a resistance level, or wicking back above in the case of a support level. If it re-touches on the next candle or hangs around the general vicinity and re-touches in the near-future, I then enter the trade.

After the rejection from the 1:20 candle, it re-touched 1.3548 on the 1:25 where I got into a put option. This trade was in my favor the entire time and won by 3-4 pips.

Your guide to trading the EUR/USD pair

Trade EUR/USD CFDs, other major currency pairs, indices, shares, cryptocurrencies and commodities through Capital.com’s award-winning platform. No commission. FCA and CySEC regulated. Up to 1:30 leverage. Available on web and mobile. AI technology. Trade now.
Go to market page

Trading EUR/USD

As the two largest and mostly commonly traded currencies in the world, the euro (EUR) and US dollar (USD) represent the highest proportion of trades made in international finance. Euro to USD (EUR/USD) trading occurs constantly and the pairing of the two is extremely popular; it’s actually the most liquid currency pairing in the world.

A large number of companies operate both within Europe and the Unites States, owning offices in both locations. As such, this is one reason why a large amount of exchanges are made using the two currencies every single day.

However, this isn’t the only reason why euro to US dollar trades see such high volumes every day. Other reasons for trading and investing include: the vast amount of economic and financial data available on the EUR/USD exchange rate, the wide range of market participants and the combination of volatility and liquidity in the EUR/USD market – all of which make trading this pair attractive to newcomers and veterans alike.

The history of EUR/USD

Despite being a currency pair that has only existed since the end of the 20th century, EUR/USD has proven itself to be a powerhouse in modern forex trading.

The euro itself was first envisioned towards the beginning of the 20th century. However, it wasn’t fully realised until the end of the century. It first came into being as a purely digital currency, and then as physical notes and coins. This common currency for a large proportion of Europe quickly gained traction and became cemented as a market leader. Euro trading swiftly developed into a new and exciting financial opportunity.

Best Binary Options Brokers 2020:
  • BINARIUM
    BINARIUM

    Best Binary Broker 2020!
    Perfect for Beginners!
    Free Trading Education! Free Demo Acc!
    Get Your Sign-up Bonus Now:

  • BINOMO
    BINOMO

    Trustful broker.

The dollar, of course, is far older, with roots stemming back to 1792 and the creation of the United States Constitution. Since that time, the dollar has grown considerably in strength and, paired with the euro, has become something of a global standard among investors and traders.

The euro rate history, however, has not always been so stellar – some blips have occurred over its short lifespan. Between 2008 and 2020, the euro saw an historic record fall. This followed the fallout from the 2008 financial crisis: while US subprime mortgage crisis increased its strength, the crisis caused a recession in Europe. Over the next few years the EUR/USD experienced large price swings as various economic and political events affected it.

Major factors influencing EUR/USD

In these two subsections, we’re going to take a deeper look at this market and discover the roles of both currencies when it comes to the euro to US dollar trading landscape.

Role of Euro

As interest rates play a major part in the moves of the EUR/USD exchange rate, it will come as no surprise that the European Central Bank (ECB) is one of the major institutions to which investors and traders will pay close attention when making decisions that might affect the future direction of this currency pair.

The ECB releases monthly reports concerning interest rates and economic outlook, which are used by investors and traders as indicators about future policy direction and the effect these may have on the EUR/USD exchange rate.

Wider economic data, such as consolidated employment numbers, can also impact the EUR/USD exchange rate and can be a vital source of information for traders.

Role of USD

As with its counterpart, the US dollar is influenced by its own central bank, the US Federal Reserve – often referred to as the Fed. The institution releases the Federal Funds rate and rate statements eight times a year, which can provide insight into the state of the US economy and impact the currency.

In the US, the Bureau of Labor Statistics release Nonfarm Payroll numbers usually on the first Friday of every month. This is the US unemployment data and can often cause volatility in the EUR/USD pairing. It is closely watched by traders and investors around the world.

How to trade EUR/USD

In the next two subsections, we’re going to explore how euro to USD trading occurs and why it is such a popular markets for traders and investors. We’ll be talking about contracts for difference (CFDs), specifically CFDs on forex – a popular form of derivative trading which enables investors to speculate on the rise and fall of prices across global financial markets.

CFD trading offers great opportunities with a reliable CFD broker. Sign up at Capital.com and access the most popular global markets via our web platform or our ultimate trading app.

Trading CFDs on EUR/USD

For many traders, the most attractive part of using CFDs is being able to trade speculatively on the movement of foreign exchange markets without having to actually own the currencies. Because of the volume and liquidity of EUR/USD, it has always been a popular choice for many when dealing with CFDs on forex.

Торговать Euro / US Dollar CFD

The Largest selection of Forex pairs

Как мы зарабатываем?

Capital.com получает большинство средств от спредов, т.е. разницы между ценой покупки и продажи.

Торгуйте на Forex с использованием кредитного плеча

Валюты доступны для торговли с кредитным плечом 30:1. Начните торговать со $100, чтобы открыть позицию в $3000

CFD на Forex

Широкий выбор валютных пар для торговли 24/5

Торгуйте валютными парами – выигрывайте от изменения цен

Контроль прибыли и убытков

Вы легко можете установить стопы и ограничения, предполагающие закрытие позиций при достижении определенной цены.

British Pound / US Dollar

Euro / British Pound

Canadian dollar / Japanese Yen

British Pound / Japanese Yen

Подробнее о приложении

Начните торговать на международных рынках, создав аккаунт

Торговля CFD – это риск. Вы можете потерять все вложенные средства.

Capital Com (Великобритания) Limited зарегистрирована в Англии и Уэльсе с регистрационным номером 10506220. Уполномочена и регулируется Управлением по финансовому регулированию и контролю (FCA) под регистрационным номером 793714.

Capital Com SV Investments Limited является зарегистрированной на Кипре компанией с регистрационным номером HE 354252. Уполномочена и регулируется Кипрской комиссией по ценным бумагам и биржам (CySEC), лицензия № 319/17.

Информация на этом веб-сайте не применима к жителям США или Бельгии и не должна использоваться или распространяться в любой стране или юрисдикции, если она противоречит внутреннему законодательству и нормативным актам.

Закрытое акционерное общество «Капитал Ком Бел» регулируется Национальным Банком Республики Беларусь. Свидетельство о государственной регистрации № 193225654 от 19.03.2020, выдано Минским горисполкомом. Адрес: 220030, Республика Беларусь, г. Минск, ул. Интернациональная, д. 36/1, офис 823. Свидетельство о включении в реестр форекс-компаний № 16 от 16.04.2020.

Best Binary Options Brokers 2020:
  • BINARIUM
    BINARIUM

    Best Binary Broker 2020!
    Perfect for Beginners!
    Free Trading Education! Free Demo Acc!
    Get Your Sign-up Bonus Now:

  • BINOMO
    BINOMO

    Trustful broker.

Binary Options Trading School
Leave a Reply

;-) :| :x :twisted: :smile: :shock: :sad: :roll: :razz: :oops: :o :mrgreen: :lol: :idea: :grin: :evil: :cry: :cool: :arrow: :???: :?: :!: