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  1. #1
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    Dissection of 6 major currencies.

    Yeah, it’ true; there have lots of trading instruments in Forex industry! But generally, new Forex traders start their trading process with major currencies! Here, we’ll take a closer look at each of Forex major pairs! In addition, major pairs are: EUR/USD, GBP/USD, USD/JPY, USD/CAD, AUD/USD and USD/CHF.

    1) The EUR/USD: (The most popular Fx trading pair)
    No doubt, EUR/USD is the most popular trading instrument in Forex trading industry! Actually, the EURO area and the US area are the 2 biggest economics worldwide! That means, this trading pair is very reliable to use! As a result, almost all of new Forex traders start their trading through EUR/USD. In addition, another important point of this trading instrument is, overlap between the European and US trading session, so volatility momentum is very high on these sessions!

    2) The GBP/USD: (The most dynamic Forex pair)
    The GBP/USD is the most dynamic major currency among the Forex major pairs! Since, this major pair moves heavily so, proper money management policies as well as risk management policies and a stable trading mindset are very important when you will use GBP/USD trading pair. Interestingly, GBP/USD is known as “Cable”.

    3) The USD/JPY: (The safe haven Forex currency)
    Usually, in terms of improbability and uncertainty of Forex market, institutional investors shift for YEN! This is way, Yen is seen as so called ‘Safe haven’ trading instrument. In addition, it is also known as ‘Less risky’ Forex instruments to investors! Whatever, the Japanese economy relies on the rate of Yen and the Bank of Japan has stepped in again and again, this process lead to huge volatility in the Forex rate. (To be continued)

  2. #2
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    Thank you very much for this amazing thread! Really, Forex newbies are not suggested to choose rare trading pairs because uncertainty! Obviously it’s much better to choose major or popular trading instruments for the beginners! For example, GBP/USD and AUD/USD. You may get institutional players on major currencies that means, major pairs are safe to use!

  3. #3
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    The one of the main advantage of major currency pair is, they most identical to one another! So, a trader can easily make money here according to identical movements I mean currency correlation! Such as, most of the time EUR/USD and GBP/USD trend to move same direction either its bullish or bearish (not exactly same)! On the other hand, USD/CHF is negatively correlated to EUR/USD! So, if you get clear buy signal on EUR/USD then don’t go for buy trade on USD/CHF!

  4. #4
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    Thank you very much for your amazing thread! Really, major currency pairs are very reliable to use! Because, the economic status of US, EURO, GBP are very stable and change gradually! By the way, new Forex trader should know, the first portion of a currency pair is known as ‘base currency’ on the other hand, last portion of a currency pair is called ‘quote currency’!

  5. #5
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    Forex trading market is the most widely traded market in the world, with more than $5.5 trillion being bought and sold in every single day! Usually, these 6 major currency pairs make up almost 70-80% of total daily trading volume! But, that doesn’t mean minor trading pairs are not tradable! Obviously, you also can use minor trading pairs if you are comfortable on these type of trading instruments with your trading strategy or system!

  6. #6
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    Quote Originally Posted by Steve nison View Post
    Yeah, it’ true; there have lots of trading instruments in Forex industry! But generally, new Forex traders start their trading process with major currencies! Here, we’ll take a closer look at each of Forex major pairs! In addition, major pairs are: EUR/USD, GBP/USD, USD/JPY, USD/CAD, AUD/USD and USD/CHF.

    1) The EUR/USD: (The most popular Fx trading pair)
    No doubt, EUR/USD is the most popular trading instrument in Forex trading industry! Actually, the EURO area and the US area are the 2 biggest economics worldwide! That means, this trading pair is very reliable to use! As a result, almost all of new Forex traders start their trading through EUR/USD. In addition, another important point of this trading instrument is, overlap between the European and US trading session, so volatility momentum is very high on these sessions!

    2) The GBP/USD: (The most dynamic Forex pair)
    The GBP/USD is the most dynamic major currency among the Forex major pairs! Since, this major pair moves heavily so, proper money management policies as well as risk management policies and a stable trading mindset are very important when you will use GBP/USD trading pair. Interestingly, GBP/USD is known as “Cable”.

    3) The USD/JPY: (The safe haven Forex currency)
    Usually, in terms of improbability and uncertainty of Forex market, institutional investors shift for YEN! This is way, Yen is seen as so called ‘Safe haven’ trading instrument. In addition, it is also known as ‘Less risky’ Forex instruments to investors! Whatever, the Japanese economy relies on the rate of Yen and the Bank of Japan has stepped in again and again, this process lead to huge volatility in the Forex rate. (To be continued)
    The most popular traded currency pairs are known as major currency pair in Forex industry! Every currency has 3-letter ISO symbol, such as; USD- is the US dollar, GBP- is the British pound, JPY- is the Japanese Yen, CHF- is the Swiss Franc! The deep liquidity is available on Major currency pairs! This is way, professional Forex traders suggest new traders to start their trading with major currency pairs!

  7. #7
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    Quote Originally Posted by Zachary Davis View Post
    The most popular traded currency pairs are known as major currency pair in Forex industry! Every currency has 3-letter ISO symbol, such as; USD- is the US dollar, GBP- is the British pound, JPY- is the Japanese Yen, CHF- is the Swiss Franc! The deep liquidity is available on Major currency pairs! This is way, professional Forex traders suggest new traders to start their trading with major currency pairs!
    I prefer to do my trades in the EURUSD.

  8. #8
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    I have been making use of the FXOpen Broker and it accepts the Bitcoins for the Deposits

  9. #9
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