Trade EURJPY.

Most traders prefer to trade the Yen with the US dollar, but there is a category to choose a currency pair EURJPY.

The main reason why it is preferred EURJPY is trading hours, trading in the European session forex you can get more profit it is for this tool.

The EURJPY is krossvalyutnoy, this aspect makes some difficulties in its trade, but does not stop most traders love it because of the low spread and good driving dynamics.



Characteristic.

EURJPY trading you buy or sell euros for Japanese yen, so the main currencies (the base) stands euros and quoted Jena. Trading volumes, respectively, measured in euro, 1 lot is 100 000 euros.

The pair has a direct correlation with the euro exchange rate and the reverse with the Japanese yen.

The amount of commission in this case varies from 1 to 4, it is on this tool can be used even when you open the short-term transactions on scalping strategy. Cost of 1 point for a volume in a standard lot about 9.9 dollars.

It should be noted the positive swap in case of opening long positions.

Particularly forex trading.

Couple quite capricious, often it changes direction, so you should not rely on a stable trend.

EURJPY trading strategy mainly involves the opening of short-term transactions, immediately after the start of a new movement, a movement is usually possible to make a couple of dozen items.

In this case, be careful when changing the trading sessions at this moment sharp reversals can occur.

We should not forget about all your favorite interventions of the Bank of Japan, they usually occur when an excessive strengthening of the Japanese currency. Therefore, no harm will be to assess the level at which at the moment is the price before the transaction.