• Menu
  • Skip to right header navigation
  • Skip to main content
  • Skip to secondary navigation
  • Skip to primary sidebar
  • Skip to footer

Before Header

Call us today for help!  (660) 678-6918

  • Facebook
  • Instagram
  • LinkedIn
  • Tumblr
  • Twitter

Optimize Yorkshire

  • HOME
  • BLOG
  • ABOUT US
  • CONTACT US
  • PRIVACY POLICY
  • Search

Mobile Menu

Schedule A Free Consultation Now!

Find out how our expert’s can help you.

(660) 678-6918

  • Facebook
  • Google+
  • LinkedIn
  • Twitter

What is a Currency Pair in Forex Trading

You are here: Home / Business & Marketing / What is a Currency Pair in Forex Trading
forex trading courses

October 12, 2020 By //  by Soham Palmer

Forex trading is buying one currency and selling in another I.e., you can buy a currency and it can be sold in another currency with the help of a broker/dealer.

Currency pair can be called as a price quote of the rate of exchange for two different currencies that are traded in the FX market. The first currency of the currency pair is bought and the currency that is listed on the second number is sold.

Whenever you trade on forex then you have to trade in pairs. The rate of trading keeps on changing depending upon the stronger currency at that moment.

The currency pairs are mainly classified into three:

● Major currency pairs
● Crosses currency pairs
● Exotic currency pairs

Major currency pair

Major currency pair

The currency pairs that are traded heavily are the major pairs in the forex market. The four major currency pairs include USD/JPY, USD/CHF, EUR/USD, GBP/USD.

The major currencies are part of the g10 currency group and are also easily deliverable. These currency pairs are mainly used in a large number of economic transactions. This pair of currencies are also used for various trading purposes too.

The major currencies are said to be the most liquid ones in the whole world. Liquidity stands for the activity level in the financial market.

In forex, the liquidity is based on the figure of the active buyers and the sellers of the particular currency pair and also the amount of its trading. The more frequently trading is the more will be its liquidity.

The forex trade is made up of 75% major pair of currency. The major pairs have the most liquidity and is traded broadly in the forex market. In all the FX trades the major currencies make up the vast majority.

Minor currencies

The major currencies make up the majority of the forex trading but minor ones should also not be ignored or underestimated. The minor currencies are also known as the cross-currency pairs. The minor currency pairs include the pairs such as EUR/CHF, EUR/GBP, GBP/JPY.

Exotic currency pairs

The exotic currencies are those type of currencies that are exchanged thinly in the market of foreign exchange but it is not used universally for financial transactions. The exotic currencies are not so liquid and are difficult to exchange too. The exotic currencies are traded at very low volume because exchanging these types of currencies are expensive.

Forex trading course

Forex trading course

As you enter the world of foreign trading there are many loss and profits. The traders can also find themselves irritated after the loss of huge capital. Even if you are a professional trader then also you can face loss due to the market.

There are various forex trading courses that will help you to understand the terms of trading and also trading in a profitable way.

● Online lessons
● Private training

Characteristics of a good trading course

● Always consider the reputation of the course. The views of people on that course will help you a lot to make a decision that is good for you or not.
● Course certification
● Cost and time.

Filed Under: Business & Marketing

Looking for immediate answers to your questions?

Schedule a no-cost consultation today!

You May Also Be Interested In:

Basic Car Safety

Basic Car Safety: Brakes for Dummies

What Causes Monocular Diplopia

What Causes Monocular Diplopia?

How to Make a Fitness Tracker

How to Make a Fitness Tracker?

What Does It Mean When Your Heater Doesn't Work

What Does It Mean When Your Heater Doesn’t Work

How to Make a Monocular

How to Make a Monocular?

What to Bring to The Beach For a Day

What to Bring to The Beach For a Day?

What Happens If You Wax A Newly Painted Car

What Happens If You Wax A Newly Painted Car?

How to Learn Cad Software

How to Learn Cad Software?

How to Relieve Hip Pain while Sleeping

How to Relieve Hip Pain while Sleeping?

Previous Post: «What Is A Graphic Card In A Computer What Is A Graphic Card In A Computer
Next Post: Standard Way To Iron Seams When Quilting standard way to iron seams when quilting»

Primary Sidebar

Free Consultation!

Please feel free to ask if any query. We are here to help you.

RECENT POSTS

Basic Car Safety

Basic Car Safety: Brakes for Dummies

In this article I will discuss a bit more technical mumbo jumbo …

What Causes Monocular Diplopia

What Causes Monocular Diplopia?

It is common to suffer from binocular diplopia, but monocular …

How to Make a Fitness Tracker

How to Make a Fitness Tracker?

To keep proper monitoring of our health, we should have a …

What Does It Mean When Your Heater Doesn't Work

What Does It Mean When Your Heater Doesn’t Work

An electric heater is the most important tool in colder …

How to Make a Monocular

How to Make a Monocular?

Monoculars are used for looking the distant objects with a clear …

Footer

Specialist

Yorkshire Office

Optimize Yorkshire
(660) 678-6918

4615 Oak Lane.
Chilhowee, MO 64733

Contact Us

Newsletter

Sign up to get free resources, tips, and directory of our firm.

Not a real newsletter

  • Facebook
  • Google+
  • LinkedIn
  • Twitter
  • Blog
  • About Us
  • Privacy Policy

Copyright © 2021 Optimize Yorkshire · All Rights Reserved