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

Forex Educational Video Series

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.

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