EUR/USD EURUSD

EUR/USD is the currency pair of the United States dollar vs the euro, the shared currency of the Eurozone. USD and EUR are the most heavily-traded currencies in the world, covering more than half of the total trading volume in the Forex market.
The currency pair indicates how many US dollars are needed to purchase one euro. For example, if the pair is trading at 1.35, it means you need 1.35 USD to buy 1 EUR.

In CFD trading, your profit (or loss) is determined by reference to the price movement of the currency pair. You are not buying or selling the underlying asset.

When you trade CFDs on EUR/USD with the Plus500 platform you enjoy a number of advantages compared to trading EUR/USD directly in the foreign exchange market. These include:

• Leverage of up to 1:100
• Tight spreads
• Zero trading commissions
• Intuitive mobile app with charts and technical indicators
• Round-the-clock customer support in your language

In order to trade CFDs on EUR/USD, simply follow these steps:

1. If you don’t already have a Plus500 account, you can create a Trading Account Here.
2. Complete registration and make a deposit.
3. Search for EUR/USD under ‘Majors’ or type ‘EUR/USD’ in the search bar.
   * You can add EUR/USD to your Favourites, by clicking the Favourites star in the instrument’s info screen.
4. Consider setting stop orders that can help you control your risk.
5. Check for events affecting the price of EUR/USD like FOMC, ECB, NFP meetings and reports on the Economic Calendar.
6. Open a position according to the direction you think EUR/USD will move.