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Most traded currency pairs

Discussion in 'Forex Beginner Q&A' started by 5starsforexltd, Jan 26, 2016.

  1. 5starsforexltd

    5starsforexltd New Member

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    There are many official currencies that are used all over the world, but there only a handful of currencies that are traded actively in the Forex market. In currency trading, only the most economically/politically stable and liquid currencies are demanded in sufficient quantities. For example, due to the size and strength of the United States economy, the American dollar is the world's most actively traded currency.

    In general, the eight most traded currencies (in no specific order) are the U.S. dollar (USD), the Canadian dollar (CAD), the euro (EUR), the British pound (GBP), the Swiss franc (CHF), the New Zealand dollar (NZD), the Australian dollar (AUD) and the Japanese yen (JPY).

    Mathematically 27 pairs can be formed from above 8 currencies but only 18 pairs has been quoted by the Forex market makers. Pairs at 5stars Forex: USD/CAD EUR/JPY, EUR/USD EUR/CHF, USD/CHF EUR/GBP, GBP/USD AUD/CAD, NZD/USD GBP/CHF, AUD/USD GBP/JPY, USD/JPY CHF/JPY, EUR/CAD AUD/JPY, EUR/AUD AUD/NZD





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  2. Fxtrader88

    Fxtrader88 New Member

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    Besides currency, it's worth trading CFDs, especially on brent at the moment. I trade at FreshForex, ths broker offers a wide range of trading instruments, including CFDs.
     
  3. vic84

    vic84 New Member

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    There are many pairs which can be very benificial , but as most of the traders try to earn from the market daily, they tend to trade mostly on major pairs as these pairs a re very volatile.
     
  4. Blossom

    Blossom New Member

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    There are many other currency pairs that allow you to take advantage of macroeconomic events in specific international markets, such as the USD/CNH, USD/MXN and USD/RUB. I have work on them with demo accounts.
     
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