• Trade Now


Written by ForexCult Team
Rate this item
(0 votes)
EUR As you may or may not know when you decide to take place in the world of forex trading, you will be trading currencies. The EUR is just one of the many currencies that you will be trading in the forex market. In the following article, I would like to take the time to tell you a little about the forex market as well as the EUR so that you will be able to know about the currency that you are trading if you are going to be trading the Eur. The Eur is actually the banking code for the euro, and is known to be the official currency of the Euro Zone. The Euro Zone includes the European states that are known as Austria as well as Belgium and also Finland; now let’s not forget France as well as Germany and Greece. There is also Ireland and Italy not to mention Luxemburg and also the Netherlands. You also have Portugal and Slovenia and also Spain. All of these countries rely on the Eur so that they are able to meet their financial needs, in the following couple of paragraphs; I am going to tell you why it is so important that you learn about the EUR. Learning about the EUR The Eur is known to be the one single currency that is used for over three hundred and seventeen million European people which actually includes that areas that are using certain currencies that are now pegged to the actual euro, it is a known fact that the euro now affects a greater amount of over four hundred and eighty million different people worldwide. In the year of nineteen ninety nine, the euro was introduced into the world of the financial markets referred to as an accounting currency and then in the year of two thousand and two, the euro launched physical coins as well as banknotes. You will never know about all the information that is out there about the EUR until you actually take the time to learn about the currency itself. There are many resources that are located on the internet as well as in books that you can check out from your local library about the EUR and it is up to you to make sure that you have the knowledge that you need in order to be able to trade the EUR. The Importance of the EUR Like I have said earlier when you are trading in the forex market it is important that you take the time to learn all the information that is out there about the currencies like the EUR that you will be trading. There are many other currencies that are also traded besides that EUR but in order to be able to know about the trading of the currencies, you are going to need to take the time to learn a little about the history of the currency like the EUR. You will need to know the basic history that is behind the EUR as well as where the EUR originated from and what the EUR is worth when it comes to the markets as well as the exchange rates that are connected to the EUR. It is not hard at all to find information about the EUR; you just have to put forth the time and effort to do so. I know that you may think as a beginner that it is not important to learn about the EUR but as you gain a little more experience you will learn that it is indeed important to learn about the different currencies that are being trading like the EUR. The Eur is only one of the many currencies that are traded on the market so you will need to make sure that you learn about the EUR in relationship to the other currencies that are being traded in the forex market. Take your time when you are learning so that you don’t get mixed up and think that something is related to one currency when it is related to another. I recommend that you take the time to learn about one currency at a time so that you don’t get mixed up. As I have told you earlier there is a lot of information out there that will help you learn about the currencies so it is up to you to make sure that you find a reliable resource. There are reliable resources out there; you just have to look for them.

Add comment

Currency converter


Which is the Best Forex Broker you have traded with?

Interview with Matthew Sheppard

Senior Forex Advisor at XForex

1. What is your name and position?

Hello, my name is Matthew Sheppard and I am a senior forex advisor at XForex.

2. What is your experience and professional background?

In the last 6 years I had filled several positions in financial institutions such as a stock broker, a foreign exchange desk manager, a financial consultant and in my recent role I serve as a senior Forex advisor for XForex which is an online forex company.

3. What type of clients you deal with?

We deal with clients on all levels from the beginning stages to the more advanced trading levels.

4. Does most of your business activity come from the online or offline world?

Because of our high presence on the web, most of our business comes from the online world.

5. Why should a trader pick XForex from all forex brokers?

Aside from all the benefits that XForex offer like commission-free trading, 24/7 online support, high leverage (200:1), XForex offers educational and learning trading experience that you won’t find anywhere else..

Our team of experts and financial trainers provide personal assistance and guide clients to financial success. We provide daily analysis and market reviews to our clients giving them a better understanding of the market and helping them trade profitably.

6. From your experience, what advice would you give a person who wants to enter the forex world?

My advice to the beginning trader entering the Forex world is as follows:
  • Learn the market and understand what you’re getting into.
  • Research and find the broker that suits your needs and wants. Look for a good offering but more importantly customer service, don’t go for the low rates offer without being certain they have a good customer service department. From my extensive experience in the Forex world your key to success will be your client-broker relationship. I can honestly say that at XForex they put an emphasis on servicing clients, which is so important.
  • Invest smartly and calculate your risks.
  • Always know when to get out of a trade.

Broker of the Month

5_small_logoUFXBank provide up-to-date charts and news feeds, coupled with an easily navigated trading platform. UFXBank traders can access the biggest market in the world 24 hours a day with ease.

By keeping their platform, site and deposit process simple, safe and secure, UFXBank have become the web’s premier online forex trader.