Recently, Russian traders have been increasingly used in their strategies with the ruble currency pairs, in this regard appear as new brokers to trade ruble, and other well-known brokers expand the list of trading tools, adding to them and USDRUB EURRUB. What caused this change in the popularity of trading in the Russian ruble? For a start it should be noted the relative ease in predicting changes in the ruble exchange rate. In comparison with other currency pairs to predict the price movement which is hard enough, the Russian trader has access to fundamental data in relation to the ruble. Each day, read the latest economic news and learning reviews leading analysts, we can make a long-term forecast of the future price movements of the Russian ruble.
If we also add still high volatility of the ruble currency pairs, it will be finally clear what caused such an interest in this currency traders. Even the large size of the spread of currency pairs and USDRUB EURRUB, which brokers to trade ruble forced to offer its customers not deterred traders because of high volatility, due to which the price of long-distance runs per day, providing ample opportunities for quick money. Currency pairs USDRUB EURRUB and because of the large quantities spreads are not suitable for scalping, so they are best used for trading on the daily charts.
These currency pairs are very sensitive to the output of the various economic and political news. Since the pair USDRUB has a smaller spread than EURRUB, then it is possible to trade on the news. In case of adverse news on the Russian economy, it is recommended to buy USDRUB, and with the appearance of positive information for the Russian currency, and negative for the US dollar, it is recommended to enter the sale.