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Major Forex Currency Pairs and Can You Profit From Them?

You can be sure you have the best liquidity by sticking to the most popular Forex pairs (called the MAJORS).

PAIR

CURRENCIES (NICKNAME).

EUR/USD

Euro / US Dollar (Fiber)

USD/JPY

US Dollar / Japanese Yen (Gopher)

GBP/USD

UK Sterling / US Dollar (Cable)

USD/CHF

US Dollar / Swiss Franc (Swizzy)

USD/CAD

US Dollar / Canadian Dollar (Loonie)

USD/AUD

Australian Dollar / US Dollar (Aussie)

NZD/USD

New Zealand Dollar / US dollar (Kiwi).

Some currency pairs are more volatile that others. These currencies are more volatile than others, making them easier to trade as they trend. These currencies are known as ” G7“, and are the best to trade. In 1976, Canada joined the Group of Six, which included France, Germany Italy, Japan, Japan, and the United States. The G7 was created.

The spread on ” major pairs“, which are from the G7s, is lower than the spread on less popular pairs that come from countries with political and economic instability. Example Because the US and major European countries that make up the Euro Currency are both G7 countries, the spread on EUR/USD is 1.5 to 3 pip.

South Africa is an example. Nelson Mandela is an amazing man. His story is classic ” think and grow rich” and shows how a definite purpose and a definite desire have made his dream a reality. The WACKO government, which has been shaped from hatred of whites against blacks (apartheid), but also blacks against whites, I don’t trust. SOUTH AFRICA’S political economy is unstable because it experienced too much change. South Africa’s political economic disaster will result in the law of equal or greater benefits. It will happen as I write this.

This spread is approximately 60 pips on the USD/ZAR pair, which is 20 times more costly to trade than the EUR/USD. It is indicative of the high instability in this African political economy.

Forex trading can be learned in the EUR/USD currency pair, where 1/3 of all Forex trades take place. Once you are confident in your skills, you can explore other pairs from the following list. There are many CROSS PAIRS, which are good for trading. Here’s an alternative group that you can trade if we take the strongest CROSSES and remove the weakest MAJORS.

PAIR

CURRENCIES (NICKNAME).

EUR/USD

Euro / US Dollar (Fiber)

USD/JPY

US Dollar / Japanese Yen (Gopher)

GBP/USD

UK Sterling / US Dollar (Cable)

USD/CHF

US Dollar / Swiss Franc (Swizzy)

USD/CAD

US Dollar / Canadian Dollar (Loonie)

GBP/JPY

Euro/Yen Cross (Geppy).

EUR/GBP

Euro/Cable Cross (Chunnel)

THE TRADABLE EIGHTEEN

While there are many official currencies around the globe, only a few currencies are actively traded in the Forex market. Only the most economically stable and politically stable countries can have currency that is liquid enough for currency trading. The American dollar, for example, is the most traded currency in the world due to its size and strength.