EUR/GBP Trading Positions
This is one of the most traded currency pairs. The EUR/GBP pair tells the trader how many British Pounds (the quote currency) are needed to purchase one Euro (the base currency).
Important assets for EUR/GBP
- Currencies: USD and YEN.
- Commodities: Oil and Gold.
- Bonds: Gilt (debt securities issued by the Bank of England) and Bund (the German word for "bond", a debt security issued by Germany's federal government).
- Indices: FTSE 100 (share index of the 100 companies listed on the London Stock Exchange with the highest market capitalization), ESTX50 (ESTX50 (Euro Stoxx 50, a stock index of Eurozone stocks designed by STOXX, an index provider owned by Deutsche Börse Group) and DAX (Deutscher Aktienindex, German stock index consisting of the 30 major German companies trading on the Frankfurt Stock Exchange).
Related Trading Position Post
In normal market conditions, placing a 2 lot position is fine when you are looking to make about 50-100 pips. During a more volatile time, when the potential loss is 100-200 pips, it stops being an effective risk to reward ratio. To compensate, traders should look to taking on smaller trading positions, in this case only one lot as opposed to the average 2 lot position.
Perception is almost everything in trading for Mark Whistler: price, value, news, technicals,... are manmade perceptions. The key for the trade is then to “understands price relativity, and being able to align or separate his perspective with/from the unmanageable expectations of other market participants.”
Reading is a key factor for being a well-informed trader. I do usually read trading books every other night before going to bed. I do also read news and financial journals during the day. Reading has become an integral part of my journey of self-discovery as a trader. I have come to realise that reading might not make you a successful trader, but at least it will shape you as one. Here, I will walk you through some of the truths about trading.
It’s time to cast our eyes over some strategies for scaling into a position, a common FX trading technique.
There are two main scaling in techniques when dealing with Pin Bars. We’re going to look at the advantages of both strategies and how you can make them work for you.
Currency Trading Positions
The purpose of the Trading Positions table is to provide a glance of EUR/GBP as to where our dedicated contributors are currently positioned. You can access the original analysis reports by clicking on each position.