Euro FX Trading Defined and Explained
Euro FX futures traders can manage the risks associated with currency rate fluctuation and take advantage of profit opportunities stemming from changes in Euro FX rates.
The CME Euro FX contract is based on the euro, the European currency traded by Europe’s largest governments, banks and currency traders. CME offers trading markets for Euro FX futures and options on futures on CME Globex® as well as on its trading floor. CME Euro FX cross-rate futures and options on futures contracts reflect the value of the euro in relation to the Australian dollar, British pound, Canadian dollar, the Japanese yen, Norwegian krone, Swedish krona and the Swiss franc.
Euro FX Rates
The CME Euro FX contract size is 125,000 Euro. The Euro FX moves in $.0001 per Euro increments, equaling $12.50 per contract. Trading may also occur in $.00005 per Euro increments, or $6.25 per contract, for CME Euro FX futures intra-currency spreads executed on the trading floor and electronically.
CME Euro FX futures contracts trade six months in the March quarterly cycle of March, June, September, and December.
Euro FX Trading Software
Having the right tool for the job is critical. Ask any feeder Euro FX trader what trading tools or types of financial analysis he is using and you’re probably going to hear, Fibonacci, MacD, moving averages, etc. Trading software can be used to augment an existing approach by supplying a broadened perspective. The key to a currency trading system is its ability to forecast moving averages! One of the better software products is VantagePoint trading software that will help to “see” what is likely to happen in the market that you are trading before other traders (using only single-market analysis) catch wind of it. Frequently the crossover indicator flashes an “early warning” that the Euro FX market is likely to make a top or bottom – before it actually happens!
Trading Euro FX with VantagePoint Software
Since 1991 VantagePoint Software has been applying Artificial Intelligence to forecast market trends with up to 87.4% accuracy. With more than 25,000 customers in 114 different countries, VantagePoint is the leading AI trading software for Forex.