Trading time (UK time) 10:00 PM Sunday - 10:00 PM Friday
* Only if Margin Level > 100%
The spreads provided are a reflection of the time-weighted average from 09:00AM - 21:00 PM (GMT) for the period of 01/8/2019 – 25/8/2019. Though TNXTrade attempts to provide competitive spreads during all trading hours, clients should note that these may vary and are susceptible to underlying market conditions. The above is provided for indicative purposes only. Clients are advised to check important news announcements on our Economic Calendar, which may result in the widening of spreads, amongst other instances.
The above spreads are applicable under normal forex trading conditions. TNXTrade has the right to amend the above spreads according to market conditions as per the 'Terms and Conditions of Business'.
The EUR/SEK currency pair is heavily influenced by the relationships of two major European economies: Sweden and the Eurozone, with close political, commercial and financial ties. The Krona often shadows the movements of the Euro, and the value of the two in relation to one another is rarely difficult to predict. Ideal for investors looking to diversify their portfolios away from the four majors, this currency pair is usually relatively stable.
The EUR/SEK pair is most active during the European sessions on Thursdays and have the lowest volatility on Mondays.
For a successful trading tool such as the Euro against the Swedish Krona, it is desirable to have a sufficient deposit amount. This is especially important when it comes to long-term retention of the open positions, for example, in the case of trading with the carry-trade strategy, when the course dynamics may change for the several times in the short term.
If you are interested in trading the EUR/SEK, contact TNXTrade today to open trading account in several minutes and test your strategy.
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