currency forex trading

Best Forex Trading Currency Pairs

Foreign exchange market is one of the biggest financial markets in the world where the Forex market reached more than 2.0 trillion dollars in transactions. This market is based on buying and selling currencies where the traders buy one currency and sell another one. The brokers and the professional players in this market naming the buy and the sell currencies "The currency pairs" which mean you must buy one currency only and sell only one at each transaction.
In Forex world there are more than ten of them but you should know that there are major ones and exotic ones. The major ones are the most profitable and the most active ones where the exotic ones are inactive ones and not so profitable. Most Forex traders prefer to trade with the majors, but the problem in the high competition and for that some professional players focus on the exotics where the competition is low.
The following list contains the best major currency pairs in the Forex world:-
  • EUR/USD
  • GBP/USD
  • AUD/USD
  • USD/CHF
  • USD/JPY
  • USD/CAD

If you are interesting in trading with the exotics then you should trade with the following exotics:-
  • EUR/GBP
  • GBP/JPY
  • NZD/USD

If you are a basic or newbie trader then you should focus on the majors because you can monitor and analysis each one of them very fast using any Forex platform. Also you should focus on trading between 8:00 A.M. to 3:00 P.M. because these are the active hours on the Forex market where you can hunt a good trade.
Finally, Forex market contains many currency pairs but you should focus on the major ones and you should trade on the active hours.