investing in EUR/USD

#1

07:52 11/02/2024

Anonymous32005543

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Posts: 0

Hi guys, I have been thinking about investing in EUR/USD for a long time. I want to start with something simple, but it seems like this pair is a good choice. I've read that many people make decent money with this pair, especially when the markets start to fluctuate a lot. The only thing that makes me hesitate is that our economic situation is constantly changing. Maybe someone here has already experienced this? What is the best place to start so as not to take too many risks? And how would I hedge against sudden changes in the exchange rate?
Edited by Anonymous32005543 on 11/02/2024 07:52

#2

11/03/2024

Edvard213

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Posts: 1

Hi, I also started with EUR/USD, which is a good option to start with. Of course, the volatility is higher there, but this is also a plus - there is a chance to make a more significant profit. I advise you to read current forecasts and analytics before you start. https://roboforex.com/beginners/analytics/forex-forecast/currencies/eurusd-forecast-and-prediction/ there is a useful forecast of the EUR/USD rate for the near future, which may come in handy. As for my experience, I started with a small amount and closely followed the market movements. I advise you to enter gradually and pay attention to news from Europe and the United States, which often have a strong impact on the rate.

#3

11/03/2024

Lilly378

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Posts: 1

I stumbled upon your conversation by accident. It's interesting that many people are now interested in forex, but they don't always start by studying the currency pair itself. It always surprises me how people try to delve into the details right away, not paying attention to the basics. I believe that before following complicated forecasts, you should simply understand how the currency market works in general. The main thing is to go step by step, and then everything will become clearer.