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What currency pairs to trade?

Tuesday, April 20, 2010

There are 4 major nowness pairs. These are titled majors because the trading in these 4 pairs is very huge comprising of a major chunk in the daily traded volume. These 4 pairs are

EUR/USD

GBP/USD

USD/JPY

USD/CHF

One haw chose digit of these 4 pairs and trade only in azygos pair. Day traders get opportunity to make 100s of small trades in each pair every day. Minor pairs are AUD/USD, USD/CAD and NZD/USD. You can trade in cross pairs too. Currency pairs that do not include USD are titled cross pairs. Example GBP/JPY, EUR/JPY, CAD/JPY, AUD/JPY. GBP/CAD, EUR/CAD, GBP/AUD..etc. Most of the brokers offer around 30 nowness pairs and digit haw chose 3 to 5 pairs to trade.

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