Currency pair USDRUB.

This instrument has only recently appeared on brokers' menus, but despite this, USDRUB is gradually gaining popularity.

This is because many traders find it easier to work with a ruble account and avoid the hassle of currency conversion. Furthermore, conducting fundamental analysis in your own currency is much easier than tracking foreign news.

Even a novice trader can profit from the USDRUB pair. The key is to recognize the signal to open a trade in time and analyze the information received.

Description.

Trade volumes are measured in US dollars, so despite the low ruble exchange rate, the cost of one lot is quite high, amounting to $100,000. However, you don't necessarily need to start with such volumes; you can open a trade with 0.1 or even 0.01 lots.

The cost of one pip for the USD/RUB pair is quite low, amounting to just $2.90 with a four-digit quote, or around 100 rubles at the current exchange rate if you use a ruble Forex account .

Due to certain characteristics, the spread for the USD/RUB currency pair is quite high, fluctuating between 4 and 20 pips, but considering the low pip value, this isn't all that much.

If you choose to trade the ruble, keep in mind that not all brokers offer the option to work with this currency pair. Alpari , Roboforex, and EXNESS .

Trading options.

Since you constantly watch Russian news, it's a shame not to use news trading with the USDRUB. You can also get the necessary information online; reputable economic publications often publish forecasts for the ruble exchange rate.

Ruble trading involves two main trading approaches: in the first, you use low leverage and open medium-term trades; in the second, you trade on news impulses.

It's easiest to focus on the Russian ruble, as the trend in the USDRUB currency pair is inversely correlated with the ruble exchange rate, meaning that when the ruble follows the ruble's direction, the currency pair begins to depreciate, and vice versa.

USDRUB is a fairly predictable instrument, so it's best to begin your forex journey with it. However, you shouldn't open trades solely based on fundamental analysis; a couple of forex indicators installed in your trading terminal will also be helpful.