Ever wondered how to trade EURGBP? You're in safe hands! We will show you the exact steps we took to identify the technical set-up and trade it both keeping the risk low and ensuring we made the most profit we could.
What many clients soon discover is that we trade all asset classes in exactly the same way, using the universal method of analysing price action and interpreting the story it tells us.
OANDA (www.oanda.com) boasts of a high level of trust and reliability, as evidenced by its impressive Trust Score of 93 out of 99. While OANDA is not a publicly traded company nor does it operate as a bank, it is subject to regulation by seven Tier-1 regulators, signifying a highly trusted status. Additionally, it is supervised by one Tier-4 regulator, which means that users should utilize a cautious approach to risk management. eToro.com is a reputable trading platform, famous in the social trading industry. In 2018, the brand decided to conquer the US market and launched the local brand there. First, the company functioned solely as a crypto trading broker. Yet, later it added other items to its list of tradeable assets. Therefore, now it offers stocks and ETF trading as well. With a history dating back to 2007, eToro has amassed a large user base across more than 140 countries. When cryptocurrency emerged, the brand used a unique chance to enter the American market. One of its key features is CopyTrader, the social trading tool and a proprietary product of the project. It allows novices to repeat trades from top traders with just a few clicks. Thus, the tool offers a fresh approach to this asset class. This guide aims to provide a comprehensive eToro review to help traders make informed decisions. eToro offers trading services across many regions worldwide including the USA A standalone copy-trading ecosystem, providing equities, foreign exchange, commodities and cryptocurrencies markets. Provides a global selection of brokerages.
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OANDA Corporation is regulated by the CFTC/NFA. OANDA is a member Firm of the NFA (Member ID: 0325821). CFDs are not available to residents in the United States.
Not only does our trading only take a few minutes a day, we look out for the exactly same price-action set-ups on the daily and weekly timeframes regardless of what we are trading. We have the same rules for entry, manage the trade and take profit targets in the same manner regardless of what the asset class is. Yes, we like to keep things simple! Don't you?
Our EURGBP sell trade set-up was identified on the 8th June and our orders were then placed with our broker the following day. The trade lasted for 10 trading days before hitting our profit target, netting us a 7.2% gain on our fund.
Imagine a scenario where you can trade just one strategy which you can use on currencies, indices and commodities on just one timeframe?
That's trading price action in the way of The Lazy Trader - keeping things simple and effortless but a big profit potential in mind.
Our How to Trade EURGBP trade example (video above) is just one example of how we can apply the same set of rules in identifying the trade set-up, managing the trade in the same manner (regardless of what the market ends up doing), and knowing precisely when to take profit. Simple.
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