In Forex, There are many more official currencies that are used all over the world, But there are few the volatile & handful of currency pairs that are traded with the forex actively. US Dollar is one of the most actively traded currencies because of the size and strength of the United States economy.
As you’ll see in the table below, the major currency pairs all include the U.S. Dollar (USD).
There are seven currency pairs that makeup almost 80% of the total daily trading volume.
|The euro and US dollar||EUR/USD|
|The US dollar and Japanese yen||USD/JPY|
|The British pound sterling and US dollar||GBP/USD|
|The US dollar and Swiss fran||USD/CHF|
|The Australian dollar and US dollar||AUD/USD|
|The US dollar and Canadian dollar||USD/CAD|
|The New Zealand dollar and US dollar||NZD/USD|
Most Newbie traders ask a question about which currency pairs are best to trade with. Here we explain about what are the most actively traded currency pairs which are best for trading with forex.
The Most Commonly Traded Currency Pairs in the Forex Market by Volume
The Forex Currencies are traded by Pairs. 18 currency pairs are said to be major pairs that are best for trading.
They are listed below:
The major pairs are the four most heavily traded currency pairs in the forex (FX) market. The four major pairs at present are EUR/USD, USD/JPY, GBP/USD, and USD/CHF.
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