Brexit still remains a hurdle for Euroland and until the matter is fully resolved the Euro faces a lack of direction and is ripe for some strong moves in either direction, although some large institutions, such as Goldman Sachs, suggest an uptrend to the 1.

But the bottom line is that, when traded with a little extra caution, while waiting for extra volume induced breakouts, the EURUSD pair is still a market favorite among traders and is probably the most reliable pair to trade via technical analysis. At some stage, it is highly likely that Forex volumes, which have generally been lower in the market this year, will return.

At which point the EURUSD should see a return to volatility. Here at Forex. Academy, we have some great trade sets up explanations for all the Major pairs in our Forex Video library, and they are all freely available for your educational needs.

Save my name, email, and website in this browser for the next time I comment. About Us Advertise With Us Contact Us. Forex Academy. Home Forex Forex Videos Mastering Forex — Trading The Euro US Dollar Pair. RELATED ARTICLES MORE FROM AUTHOR. Beginners — Analysis Feature of MT4 Helps You Fund A Trading Strategy! Beginners How to save a profile in Metatrader MT4! Forex USD Forecast this week! Will It Drop Again? LEAVE A REPLY Cancel reply.

Please enter your comment! Please enter your name here. You have entered an incorrect email address! Popular Articles. Forex Chart Patterns Might Be an Illusion 4 September, The short and sweet answer to that question is yes! But it is a good thing that you checked because forex trading in the US is not like in Europe and other parts of the world.

First off, the rules are quite different in the US and that has led many foreign brokers to simply not allow US traders who use them. While stocks trading tends to be more popular in the USA, did you know that forex trading is actually cheaper for traders?

Forex requires far less start-up cash to get going than stocks and you can be more a lot more specific on the amounts you want to trade. Plus, brokers often take larger fees for trading stocks than forex. Again, making forex a better option to start trading with. On top of that, the New York Stock Exchange is hugely important when it comes to trading forex.

Forex trading is regulated by the NFA National Futures Association and the CFTC Commodity Futures Trading Commission. All brokers in the US need to be part of the NFA and the CFTC is responsible for enforcing regulations. Fines for brokers that break the rules can pretty hefty. But the NFA and CTFC have nothing to do with regulating the forex market. No financial regulator in the world does, the forex market completely unregulated and uncontrolled. The NFA and CTFC can only impact companies that have services related to forex trading, such as brokers.

US regulation on forex trading and other kinds of trading is highly motivated by the idea of preventing another financial crisis , like the one that took place in It aims to prevent forex traders and brokers from taking big risks. US traders should consider themselves lucky that there is strict regulation in place to incentivize brokers not to break the law.

If they do, they can face seriously hefty fines and get in a world of trouble. The first being regulation; it is notoriously difficult to get regulated in the US. If a European broker gets licensed in Germany, for example, they can offer their services to people in all other EU countries - Ireland, France, Italy, Spain, etc. Or that they might simply not be able to afford. Because of these two reasons, many brokers in Europe and other parts of the world do not accept US traders because.

So, it is generally advised that US traders stick to brokers based in the US who are more equipped to deal with them. If you do come across a broker not based in the US, check their FAQs, or send them a message to see if they accept US traders.

Some of the best brokers from abroad take on US traders, but through different branches of their business , or set up a whole new company that mirrors theirs but complies with US laws and is based on US soil.

Even if you move out of the US, you might still have problems with finding a broker who will accept you because you are an American citizen and you may even have to get residency in that country to start trading forex.

US traders need to ideally look for CTFC and NFA regulators if they want to stay safe. If you do use a broker that is not regulated in the USA by the NFA or CFTC, you might not be protected. For example, if a broker goes bankrupt or gets liquidated, they might be unable to protect or compensate you.

And if that happens, you might lose everything you had deposited. You can check the NFA website to see their members. From there, you can search them by firm name or NFA ID. If your chosen broker is there, it means they are regulated and can be trusted. Always check this when signing up to a broker.

Getting caught not paying your taxes in the US will cause you a lot of unnecessary trouble that could end your forex trading career. US traders are not allowed to implement some forex trading strategies.

But this can change, depending on supply and demand. In fact, the EURUSD pair seems to have dried up considerably in recent months. Where a couple of years ago, it would not have been unusual to see the pair ranging over pips per day. More recently, it has been fairly common to see a sideways range of under 20 pips! So what on earth is going on with the Euro?

It is important to consider all of the economies that make up euroland, the most significant of which is the mighty powerhouse of Germany, which largely props up the smaller nations such as Greece and Italy who have been struggling with their economies over recent years. Coupled with this, the uncertainty which has prevailed regarding Brexit, many hedge funds and investment firms, and even central banks will have been reeling over all of the uncertainties that are going on in Euroland and the general decline of global growth.

And so they have been standing on the sidelines or trading other assets. It also has to be said that the economist and former President of the European Central Bank between and , Mario Draghi, had — what the market perceived as — a cautious and somewhat dovish stance towards the Euro area.

However, Christine Lagarde, who takes over the role, has been largely welcomed by the financial markets and where some positive light seems to suggest a slight recovery in the economic fortunes of the Euro area, which have to lead to a stronger Euro in recent days. Brexit still remains a hurdle for Euroland and until the matter is fully resolved the Euro faces a lack of direction and is ripe for some strong moves in either direction, although some large institutions, such as Goldman Sachs, suggest an uptrend to the 1.

But the bottom line is that, when traded with a little extra caution, while waiting for extra volume induced breakouts, the EURUSD pair is still a market favorite among traders and is probably the most reliable pair to trade via technical analysis. At some stage, it is highly likely that Forex volumes, which have generally been lower in the market this year, will return.

At which point the EURUSD should see a return to volatility. Here at Forex. Academy, we have some great trade sets up explanations for all the Major pairs in our Forex Video library, and they are all freely available for your educational needs. Save my name, email, and website in this browser for the next time I comment.

About Us Advertise With Us Contact Us. Forex Academy. Home Forex Forex Videos Mastering Forex — Trading The Euro US Dollar Pair. RELATED ARTICLES MORE FROM AUTHOR. Beginners — Analysis Feature of MT4 Helps You Fund A Trading Strategy!

Beginners How to save a profile in Metatrader MT4! Forex USD Forecast this week! Will It Drop Again? LEAVE A REPLY Cancel reply. Please enter your comment! Please enter your name here. You have entered an incorrect email address! Popular Articles. Forex Chart Patterns Might Be an Illusion 4 September, Advanced Dashboard for Currency Strength and Speed Review 7 May, Trading the Double Top and Double Bottom Patterns Using the Accelerator How to Use Retracements to Analyze Waves — Part 3 13 February, HFT Profit Scalper EA Review 17 May, Academy is a free news and research website, offering educational information to those who are interested in Forex trading.

EVEN MORE NEWS. Understanding the Economics of Cryptocurrencies 13 June, Trading Reversals Using Bullish Reversal Candlestick Patterns 12 June, Using Bollinger Bands to Time the Rectangle Pattern 11 June, POPULAR CATEGORY Forex Market Analysis Forex Brokers Forex Service Review Crypto Market Analysis Forex Signals Forex Cryptocurrencies Academy - ALL RIGHTS RESERVED.

Impact on Forex Trading Historically, euro-dollar parity has had implications for the EU currency and the Eurozone. News flow. Academy is a free news and research website, offering educational information to those who are interested in Forex trading. The US dollar is the most traded and largest reserve currency in the world. Knowledge Learn more and fulfil your quest for knowledge in the world of trading with these free trading articles. Euro Currency Index. Home Forex Forex Videos Mastering Forex — Trading The Euro US Dollar Pair.

Categories:

• Forex Brokers
• Binary Options
• Forex
• Binary Options online
• Forex Bitcoin