if you are
interested in online charts of major currency pairs on Forex, you
can see them,
Also, if you are
already a client of any of the brokers, then online charts of the main currency
pairs on Forex you can see directly in your trading terminal.
Best currency pairs on Forex
Which of the
currency pairs traded on the foreign exchange market are considered to be the
main ones? Typically, these include currency pairs containing the US dollar,
the euro, the Japanese yen, the British pound and the Australian dollar.
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| Source|Google |
Here is a brief
description of the major currency pairs on Forex:
1.
EUR/USD - this currency pair accounts for about 30% of all trading
volume on the Forex exchange.
2.
USD/JPY is the second most popular among traders.
3.
GBP/USD is the third most popular. It has the highest value of the lot,
due to the high cost of the pound itself.
4.
AUD/USD is quite low-volatility. Notable is the fact that the Australian
dollar is almost equal to the US dollar in its value. The price of this
currency pair largely depends on the demand for agricultural products and
weather conditions in the region.
5.
USD/CHF - it is often used by traders trying to play on the difference
in interest rates.
6.
USD/CAD - and this currency pair is heavily dependent on the prices of
oil and other raw materials. Sometimes presents "surprises" in the
form of sharp price jumps.
Novice traders
should deal with the main currency pairs in the Forex market. This is due to
their high liquidity and greater predictability than secondary ones. Also,
price forecasts for the main currency pairs of the Forex market are often
available for free on the websites of various brokers. These forecasts can be
used in their trading, but, of course, it is not necessary to rely entirely on
them in the process of making certain trade decisions.
If you are
interested in more global analytics, and not only Forex forecasts of major
currency pairs, we recommend you to visit the sites of brokers Alpari and Exness - here are quite good training courses
and analytical materials on stock trading, mainly in free access mode.
