USDCHF

Written by Nadav Zelver

Reviewed by Mike Druttman

Introduction

The US Dollar (USD) and Swiss Franc (CHF) pairing, commonly referred to as the "Swissie," is a magnet for experienced traders. Switzerland's consistent economic and political stability contributes to this allure. Bridging two of the world's economic powerhouses, the USD/CHF is a heavyweight in the forex market, accounting for about 5% of annual forex transactions.

This currency pair is favored for its role as a safe haven, maintaining high liquidity even in turbulent economic times. Its sensitivity to economic and geopolitical events lends it a degree of predictability, appealing to traders. An added bonus is its availability on eToro's forex trading platform. For detailed insights and personal experiences with this pair, be sure to consult my comprehensive guide.

Trading USD/CHF via CFDs

It's important to recognize that trading USD/CHF on platforms like eToro involves Contract for Differences (CFDs), not a physical exchange of currencies. CFD trading fascinates me due to its ability to speculate on forex market movements without needing to own the actual currencies. Crypto CFDs/ Leverage trading is restricted for users under FCA.  

Why I Prefer Trading USD/CHF on eToro

Having traded USD/CHF on eToro multiple times, I've identified several key benefits:

• User-Friendly Interface: eToro's platform is intuitive and accessible.
• Flexible Trading Schedule: Trade on your own terms and timeline.
• Leverage Opportunities: Leverage allows for larger position openings with smaller capital commitments.

The USD/CHF Asset Page on eToro

Navigating to the USD/CHF asset page on eToro, you'll land on the Overview section by default, which encompasses several key elements:

• Graph: Displays the asset's performance over time.
• About: Provides a brief overview of the asset.
• Latest News: Curated news relevant to the pair, sourced from CityFALCON.
• People Also Bought: Highlights other popular currency pairs among traders.
• Copy Investors: Features top traders investing in this pair. Click the "Copy" button beside a trader to access their copy trading window.
• Discussions: Engage in conversations with fellow traders. You can filter to see top or all discussions and interact by liking, commenting, or sharing posts.

Tools for Trading USD/CHF

What I appreciate about eToro's platform are its integrated tools, which enhance the trading experience:

• Chart: Offers live tracking of the asset with customizable time gaps, ranging from 1 minute to 1 week.
• News: Stay updated with the latest on USD/CHF, including mood indicators from CityFALCON. The Sentiment Trends section below quantifies news sentiment, showing a 30-day average along with daily sentiment scores and top stories.

Trading USD/CHF on eToro

To trade this currency pair:

1. Search for the USD/CHF asset.
2. Choose "BUY" or "SELL".
3. Enter your investment amount.
4. Set your trading preferences.
5. Execute the trade.

Conclusion

That sums up the essentials for trading the USD/CHF pair on eToro, whether using the web-based platform or mobile app. Remember these tips and apply them wisely in your eToro forex trading journey.