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Major Currency Pairs


By Admin

What are the Major Currency Pairs?

Trading Major Currency Pairs For investing in the Forex market, if you don't know how to trade currency pairs, it will be a huge obstacle because trading currency pairs will always help you gain profits from your investment. There are 2 types of currency pairs: the main currency pair and the minor currency pair. Let's get to know about trading major currency pairs, also known as trading major currency pairs, which will help you know more about the 8 major currencies in Forex.

Definition of Major Pairs Trade Majors or majors refer to a currency pair formed by the pairing of the US dollar with a group of currencies being traded. The most widely and widely exchanged currencies are EUR (Euro zone), JPY (Japan), and GBP (United Kingdom). There will be 7 currencies that are traded as follows:

1. United States Dollar (USD)

2. Euro (EUR)

3. Pound (GBP)

4. Yen (JPY)

5. Canadian Dollar (CAD)

6. Swiss Franc (CHF)

7. Australian dollar (AUD)

8. New Zealand Dollar (NZD)

The aforementioned currency has a huge trading volume. as representing international business and investment So change the political story. social economy The countries that use the major currencies mentioned above must get the attention of traders who trade Forex. The major currency pairs in the Forex market, trading the major currency pairs Will use currency pairs as a medium of investment. The main currencies used in the Forex market are Euro, Pound, Yen, Canadian Dollar, Swiss Franc, and major currency pairs, which we will call major currency pairs, which are generally divided into 4 currency pairs, GBP/USD, EUR/USD, USD/CHF, and USD/JPY, but in some textbooks or by some traders, it is divided into 5 or 7 currency pairs. For example, the currency in front is called Based Currency and the latter is called Quote Currency, such as GBP pairs. /USD will have GBP as the base currency and USD as the quote currency. What this means is that the base currency will always have a value of 1. Assuming the price of the GBP/USD pair is 1.9000, it means that 1 pound is equal to 1.9 dollars.