Most Popular Forex Pairs
The two Forex trading currencies being traded are called the currency pair. A currency quote is made of these two pairs of Forex trading currencies, situated together and divided by a line (for example, EUR/USD).
Forex pairs are two different currency that are compare against each in the up and down foreign exchange market.
Forex Pairs
Risk Warning: please note that Forex trading (OTC Trading) involves substantial risk of loss, and may not be suitable for everyone.
Trading in the Foreign Exchange market might carry potential rewards, but also potential risks. You must be aware of the risks and are willing to accept them in order to trade in the foreign exchange market. Don't trade with money you can't afford to lose.
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Understanding and Trading Forex Currency Pairs
Currency trading is always done in forex pairs. Of the two currencies constituting a forex pair, one is bought and the other is sold. Together, these two currencies make the ‘exchange rate.’
A forex pair has two components:
The base currency (also known as the primary, domestic or accounting currency) is equated as 1. It is placed first in a quote.
The quote currency (also called the secondary, foreign or counter currency) is expressed as a number of units of the base currency.
In the currency pair EUR/USD, Euro is the base currency, while the US dollar is the secondary currency.
Forex Pairs Daily Analysis
If you are interested in the movements and forecasts of a particular currency pair, browse though Forex Pairs Analysis section. It will provide you with detailed information regarding major pairs.
A forex pip is a number value. In the Forex market, the value of currency is given in pips. One pip equals 0.0001, two pips equals 0.0002, three pips equals 0.0003 and so on.
EUR = Euro
USD = US Dollar
JPY = Japanese Yen
GBP = Great British Pound
CHF = Swiss Franc
The EUR/USD is the most traded currency pair by far.
Some currency pairs are more volatile than others. This makes them better to use in trades. Normally it is the currencies of the major role players in the world economy that is ideal for forex trading.
For live currency rates click here
Forex Pairs List
Popular Forex Pairs
It is difficult to say the exact forex pairs because of changing nature of the economy, but still there are many forex pairs that are relatively strong as compared to other currencies. The most “liquid” forex pairs in the forex markets are those of countries with low inflation, stable governments, and respected central banks. 80% of daily transactions involve the major forex pairs currencies, including the U.S. Dollar, Japanese Yen, the European Union Euro, British Pound, Swiss Franc, and the Canadian and Australian Dollars, are amongst the most popular forex pairs to trade around the world.
Charting the Major Forex Pairs Financial markets tend to move in patterns, and being able to visualize and analyze those patterns can provide you with a powerful and profitable advantage-especially in the foreign exchange market. Nobody knows this better than active Forex traders Michael Archer and James Bickford.
Now, with Charting the Major Forex Pairs, they'll show you how to make the most of your time in this market by using technical analysis to study and chart today's most commonly traded currency pairs.