The EUR/USD belongs to the major currency pair group and is one of the most popular assets in the financial markets today.
In fact...
it is the most liquid as most traders are changing hands on this pair on a daily basis.
The two major currencies comprising of this pair also reflects the aggregated economic size of the US and Eurozone, the most powerful trading blocs in the world today so volatility at all times is natural.
This offers great trading opportunities for investors and if you want to take advantage of this opportunity then trading contracts for difference or CFDs is a good choice.
When you trade CFDs, you can trade regardless if the market is rising and falling. And since this is a derivative, it means that you are not entitled to any sort of actual ownership so if you’re trading the EUR/USD, you’re not actually owning any euros but merely speculating of the euro’s value will rise or fall against US dollar and this is where your profit or loss will be based on. Let’s say you’re expecting the euro strengthen in value relative to the US dollar. This means the logical action to take is to buy euros and sell US dollars and if the euro’s value indeed strengthens then you will be able to buy back more US dollars than you had before which means you were able to make a profit.
A number of brokerages are available online offering a selection of platforms but if you want the most rewarding trading experience then you need to choose a company that is well-established and is fully regulated for your protection. Determining which ones are the best can be an arduous task especially if you are new in this field which is why we have already prepared this table of the most reputable investment firms where you can trade the EUR/USD pair and other popular assets via CFDS. These brokerages have been comprehensively tested by our experts so you’re guaranteed to experience top notch services from well-regarded trading companies.
