Risk warning: Trading is risky. Your capital is at risk. Exinity Limited is regulated by FSC (Mauritius).
Risk warning: Trading is risky. Your capital is at risk. Exinity Limited is regulated by FSC (Mauritius).

What are the “Major” trading currency pairs? Forex Basics

Forex Educational Video Series

Author: Andreas Thalassinos (BSc, MSc, MSTA, CFTe, MFTA), Head of Education at FXTM.

What are the “Major” trading currency pairs?

In Forex you exchange one currency for another with the intention of making a profit. The seven most traded currency pairs in forex are called the Majors. They are:

The Euro / US Dollar

The US Dollar / Japanese Yen

The Pound Sterling / US Dollar

The Australian Dollar/ US Dollar

The US Dollar / Swiss Franc

The US Dollar / Canadian Dollar and,

The New Zealand Dollar /US Dolla

The Majors are often referred to by their nicknames:

The Euro

The Yen

The Cable

The Aussie

The Swissy

The Loonie

The Kiwi

Compared to other pairs, the Majors share certain characteristics that make them very popular for traders. These characteristics are the reason they represent about 80% of volume traded on the forex market. The reporting in their economies is plentiful and frequent which means that there is more information regarding these currencies. However, their popularity also relies on their liquidity and low volatility. They are also less susceptible to manipulation and have tighter spreads than other currency pairs.

Disclaimer: This written/visual material is comprised of personal opinions and ideas. The content should not be construed as containing any type of investment advice and/or a solicitation for any transactions. It does not imply an obligation to purchase investment services, nor does it guarantee or predict future performance. FXTM, its affiliates, agents, directors, officers or employees do not guarantee the accuracy, validity, timeliness or completeness of any information or data made available and assume no liability for any loss arising from any investment based on the same.

Risk Warning: There is a high level of risk involved with trading leveraged products such as forex and CFDs. You should not risk more than you can afford to lose, it is possible that you may lose more than your initial investment. You should not trade unless you fully understand the true extent of your exposure to the risk of loss. When trading, you must always take into consideration your level of experience. If the risks involved seem unclear to you, please seek independent financial advice.

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