Currency Converter - Exchange Rate Calculator for Trading
How much is 1 Dollar to your currency and vice versa? This currency converter automatically counts the exchange rate based on the current rate in the market. Just put the value you need to convert from one currency to another and get the result.
What are the best technical indicators to trade volatile currency pairs?
- Bollinger Bands: It is a technical indicator that can measure market volatility. The bands widen when volatility increases and narrow when volatility decreases. Traders can use Bollinger Bands to identify periods of high and low volatility, overbought and oversold conditions, trend reversals, and support and resistance levels.
- Average True Range (ATR). The ATR is a technical indicator that measures the average range of a security's price over a specified period. The higher the ATR, the more volatile the market is.
Continue Reading at How to Trade Volatile Currency Pairs
Why is EUR/USD an important currency pair?
US Dollar, the United States of America's currency, by itself, is the most traded currency in the world. Of course, the USD is the world's reserve currency, so it is very influential. Meanwhile, the Euro is used by the European Union and serves as the national currency in 19 of 28 EU countries, making it the second biggest currency in the world after USD.
EUR/USD has been the most traded currency pairs in the world for several years and is one of the favorites among forex traders. The main reason for the latter is because it is an actively traded pair with moderate volatility which makes it compatible for either scalping or day trading. There are always enough movements to take daily profits, especially at times around the release of fundamental news.
Continue Reading at EUR/USD Fundamentals and Trading Tips
How do different currencies correlate to each other?
Currencies can have both positive and negative correlations with each other. Positive correlation means they tend to move in the same direction, while negative correlation means they move in opposite directions.
Continue Reading at Lost Before Trading: Three Reasons Why Novice Accounts Collapsed
What are volatile currency pairs?
Volatile currency pairs are those that experience large swings in price over a short period of time. This can make them attractive to traders looking to profit from large price movements. But volatile currency pairs can also be risky as they can quickly move against your position.
Continue Reading at How to Trade Volatile Currency Pairs
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