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The most popular currency pairs in the Forex for new traders

Posted: 18/11/2019 5:32 pm
by numtan5839
In the Forex market will trades currencies pairs. when we buy a currency that means we have to sell another currency.
currency in forex market there are 180 currencies and there are 80 currencies pairs.
for new trader may be confuse, what currency we should trades?
so, we will recomend the most popular currencies and make profits.
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There are 3 types of currencies pairs in the Forex

Major Currency Pairs
Currency pairs that have USD is on either side.

Minor Currency Pairs
Currency pairs that don't have USD currency such as EURJPY.

Exotic Currency Pairs
Currency pairs that about new currency such as SEK, NOK.

The most popular currency pairs in the Forex

- EUR/USD (Euro / United States Dollar)
- USD/JPY (United States Dollar / Japanese Yen)
- GBP/USD (Great Britain Pound / United States Dollar)
- USD/CHF (United States Dollar / Swiss Franc)
- USD/CAD (United States Dollar / Canadian Dollar)
- AUD/USD (Australian Dollar / United States Dollar)
- NZD/USD (New Zealand Dollar / United States Dollar)

Currency pairs that recommend to new traders is EUR/USD because graph is quite stable.
therefore making this currency pair the most popular.