Currency pair USDRUB.

This instrument appeared on the menu of brokers not so long ago, but despite this, USDRUB is gradually gaining more and more popularity.

This is due to the fact that many traders find it easier to work with a ruble account and do not bother with currency conversion; in addition, conducting fundamental analysis on their native currency is much easier than tracking foreign news.

The USDRUB pair allows even a novice trader to make money; the main thing is to recognize the signal to open a transaction in time and be able to analyze the information received.

Characteristic.

Transaction volumes are measured in US dollars, so despite the low ruble exchange rate, the cost of one lot is quite high and amounts to 100,000 US dollars.

At the same time, it is not at all necessary to start with such volumes; you can open a deal of 0.1 or even 0.01 lots. As for the cost of one point for the USDRUB pair, it is quite small and amounts to only 2.9 dollars with a four-digit quote, or around 100 rubles at the current rate if you use a ruble account on Forex .

Due to some features, the spread on the USDRUB currency pair is quite high and ranges from 4 to 20 points, but taking into account the low cost of a point, this is not so much.

If you choose to trade the ruble, you should take into account the fact that not all brokers provide the opportunity to work with this currency pair; Alpari , Roboforex and EXNESS .

Trading options.

Since you constantly watch Russian news, it would be a sin not to use news trading in relation to USDRUB; you can get the necessary information on the Internet; reputable economic publications very often publish forecasts regarding the ruble exchange rate.

Trading the ruble involves two main trading options: in the first case, you use a small leverage and open medium-term transactions, in the second case, you trade on the impulses that news gives.

When working, it is easiest to focus on the Russian ruble; the trend for the USDRUB currency pair has an inverse relationship with the ruble exchange rate, that is, when imitating the latter, the currency pair begins to fall in price and vice versa.

USDRUB is a fairly predictable instrument, so it is better to start getting acquainted with Forex with it, but you should not open transactions only on the basis of fundamental analysis; a couple of Forex indicators installed in the trader’s terminal will also not be superfluous.