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General Information

EURUSD

The EURUSD currency pair is the most often used one on the foreign exchange market. It represents the exchange rate between the US dollar and the euro. While 19 of the EU’s 27 members utilize the euro, the US dollar is the country’s official reserve currency.

The EURUSD is important in the trading community due to its stability and liquidity. One of the most well-liked currency pairs, the EURUSD, gives traders a selection of alternatives for buying and selling currencies. Also, because the US dollar and the euro are stable, traders who want to reduce their risk exposure typically use this currency pair.

Glossary

Leverage

It is the financial leverage provided by the broker to increase the purchasing power of the trader by giving him the possibility of depositing a small amount of money and trading in larger volumes. Leverage is expressed in the form of a percentage, where if it is 1:100, for example, the purchasing power of the trader is increased 100 times.

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