Introducing the EUR/NOK at ForexYard

June 19th, 2009 Posted in Currencies, ForexYard Info

Name: Yan Petters

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Hello all,

I am pleased to tell you all that inline with public demand ForexYard decided to provide its traders the ability to trade the EUR/NOK pair in addition to the wide variety of currency pairs and commodities it currently offers.

I would like to take this opportunity and recommend some of you to consider trading this pair.

First let’s look at it from a technical perspective. Don’t be lazy. Simply go to ForexYard’s trading platform and load the EUR/NOK chart. You can adjust the time frame as you please, because the main idea remains the same – the volatility of this pair is incredible! This leads us to two main conclusions:

1. If you are a speculator that enjoys the rush of intra-day trading and wishes to make high profits in relatively short time-frames, this pair could be exactly what you’re looking for as it derives its volatility from Norway’s economy (a relatively small economy), but also has an amount of stability as it is crossed with the EUR.
2. If you are an investor that prefers to keep its positions open for months or years in the attempt to predict the general trend, then maybe this pair isn’t the right choice for you.

And now from a fundamental point of view, there is very little info published from the Norwegian economy in the English language, and thus all Scandinavian traders have a huge advantage when trading this pair as they have access to info coming from Norway, and as you know perfectly well, information means power, and in our case, trading power!

Now let’s see you start making profits from trading this pair, have a great weekend!