Ruble trading on Forex.

Recently, the Russian ruble has become increasingly popular as a currency in foreign exchange trading.

The ruble is used in forex trading alongside the US dollar or euro; these two currency pairs offer significant profits, despite the rather large spread.

The main advantages of trading the ruble include the availability of fundamental data (economic and financial news, analyst reviews), high volatility, and the ease of forecasting the exchange rate.

High volatility allows traders to ignore the spread, which typically fluctuates between 5 and 15 pips. With the right trade direction and a favorable trend, the exchange rate easily extends the spread and begins to generate profits for the trader. To increase profitability, it is recommended to use brokers with floating spreads.

The main currency pairs used for ruble trading are USD/RUB and EUR/RUB.

USD/RUB is the leading currency pair in terms of turnover on the Russian currency market, resulting in a much smaller spread than EUR/RUB. Trading is easier based on news about the Russian currency. Buying occurs after the ruble has sharply strengthened and then begins to decline following unfavorable news. Selling occurs during positive trends for the Russian currency and unfavorable trends for the US dollar.

EUR/RUB trading is similar to the previous currency pair, but now we focus on news from the eurozone.

If you carefully study the historical movements of ruble currency pairs, you'll see a clear dynamic. The ruble moves within a certain price channel , so it's advisable to buy at the ruble's lowest exchange rate and sell at its peak. However, this applies more to long- and medium-term trades; when trading intraday, you're playing on daily volatility.