Trading EUR/USD (Forex)
If you've ever traded forex, you've probably traded EUR/USD. There's no denying: EUR/USD is the big hitter in the forex market. The pair consistently ranks as the world's most traded pair, often accounting for a quarter of global FX volume (more than $5 trillion in daily average turnover). The sheer size of the two regions involved in this pair accounts for much of this. The United States and the eurozone have two of the largest economies, so even new traders with the most elementary knowledge of global economics can trade an opinion of the direction either economy could take.
Trade with an Industry Leader.
Commission free with fast, efficient execution.
Test your strategy on a practice account. Sign up now.
Big events in the eurozone have been one of the main drivers of interest in trading EUR/USD. Over the last several years, we've seen turmoil in the area drawing interest from global investors. The Greek debt crisis, for example, not only caused turmoil within Greece, but also with currency traders, as they rode a wave of volatility with each announced austerity measure, bailout and other economic policies. As traders saw impending doom in announcements, they sold EUR/USD, judging that the value of the euro would drop when compared to the US dollar. Others saw stabilizing features in the Greek government's policies, and bought EUR/USD, believing the euro would rise again.
Brexit, as well, offered a fascinating trade opportunity for EUR/USD. As Britons' vote to leave the EU approached, traders took their opinion to the market, using the steadiness of the US dollar to speculate on the impact a yes or no vote would take on the volatility of EUR/USD.
One of the more interesting aspects is the relationship between the two currencies, the euro and the US dollar. The US dollar is one of the oldest currencies still in operation, launched in 1792 as the official currency of the United States, while the euro is one of the newest, introduced in 1999 as the official currency of 19 eurozone countries. The US dollar is used more prevalently than any other currency, followed closely by the euro.
So what's your opinion of these two global economies? Do you think the US dollar will rise in value against the euro, or that the European economy will right itself against the contention of recent years?
EUR/USD Trading Chart.
EURUSD Chart by TradingView.
Past Performance: Past Performance is not an indicator of future results.
MARKET HOURS.
You can trade forex 24/5, from Sunday 17.00 GMT to Friday 16.55 GMT.
ALL-IN-ONE PLATFORM.
Trade currencies alongside other CFDs on Trading Station, providing you with convenient, intuitive, one-click trading plus an advanced charting package.
TRADE FROM ANYWHERE.
Access Trading Station on desktop, tablet and mobile to stay connected and informed on the go.
Order Execution Only.
Order Execution Only.
The relationship between Friedberg Direct and FXCM was formed with the purpose to allow Canadian residents access to FXCM's suite of products, while maintaining their accounts with a regulated Canadian firm. All accounts are opened by and held with Friedberg Direct, a division of Friedberg Mercantile Group Ltd., a member of the Investment Industry Regulatory Organization of Canada (IIROC). Friedberg customer accounts are protected by the Canadian Investor Protection Fund within specified limits. A brochure describing the nature and limits of coverage is available upon request or at www.cipf.ca.
Popular Platforms.
Download.
Launch Software.
Accounts.
More Resources.
Customer Service.
Trading Station Mobile.
High Risk Investment Warning: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss in excess of your deposit and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts. Please read our full risk warning.
Friedberg Direct is a division of Friedberg Mercantile Group Ltd. , a member of the Investment Industry Regulatory Organization of Canada (IIROC), the Canadian Investor Protection Fund (CIPF), and all Canadian Exchanges. Friedberg Mercantile Group Ltd. is headquartered at Friedberg Direct, 220 Bay Street, Suite 600, Toronto, Ontario, M5J 2W4, Canada.
Accounts are opened with and are held by Friedberg Direct which clears trades through a subsidiary within the FXCM group of companies (collectively, the "FXCM Group"). Customers of Friedberg Direct may, in part, be serviced through subsidiaries within the FXCM Group. The FXCM Group does not own or control any part of Friedberg Direct and is headquartered at 20 Gresham Street, 4th Floor, London EC2V 7JE, United Kingdom.
Derivatives offered to Quebec residents are authorized by the Quebec AMF.
Please note the information on this website is primarily intended for retail customers.
220 Bay Street, Suite 600, Toronto, Ontario, M5J 2W4, Canada.
$ 52/wk Range $
Please note you are now leaving the main Friedberg Direct website and you are about to be redirected to a third-party website.
Friedberg Mercantile Group Ltd. ("Friedberg Direct") is an independent legal entity and does not own, control or operate this third-party website. Therefore, Friedberg Direct does NOT endorse or make any warranties regarding any product or service offered on the website of the third-party, nor has reviewed or verified any information that might be presented and/or described on it. The link is provided for your convenience only.
Do you want to continue?