Top Ten Major Pairs On Forex Trading!!

The "major pairs" in forex trading are the most traded currency pairs, which involve the U.S. dollar (USD) on one side and currencies from the largest economies. These pairs typically have high liquidity and low spreads. Here are the top ten major currency pairs in forex trading:

1. EUR/USD (Euro/US Dollar)
   • This is the most traded currency pair in the world. It represents the value of the euro against the US dollar and is known for its liquidity and tight spreads.
2. USD/JPY (US Dollar/Japanese Yen)
   • The second most traded pair, it reflects the exchange rate between the US dollar and the Japanese yen. The pair is popular due to the yen's status as a safe-haven currency.
3. GBP/USD (British Pound/US Dollar)
   • Known as "Cable," this pair measures the value of the British pound against the US dollar. It’s a historically significant pair with high volatility.
4. USD/CHF (US Dollar/Swiss Franc)
   • This pair is favored by traders during times of economic uncertainty due to the Swiss franc's reputation as a safe-haven currency.
5. AUD/USD (Australian Dollar/US Dollar)
   • Often referred to as the "Aussie," this pair reflects the exchange rate between the Australian dollar and the US dollar. It is heavily influenced by commodity prices, particularly metals and energy.
6. USD/CAD (US Dollar/Canadian Dollar)
   • Also known as the "Loonie," this pair shows the exchange rate between the US dollar and the Canadian dollar. It’s heavily tied to the price of oil, Canada’s key export.
7. NZD/USD (New Zealand Dollar/US Dollar)
   • The "Kiwi" is the exchange rate between the New Zealand dollar and the US dollar. Like the AUD/USD, this pair is influenced by commodity prices, especially agricultural products.
8. EUR/JPY (Euro/Japanese Yen)
   • This pair involves two major currencies but excludes the USD. It's popular among traders due to the high volatility caused by economic events in both the Eurozone and Japan.
9. GBP/JPY (British Pound/Japanese Yen)
   • A cross-pair that is known for its high volatility, combining the British pound's inherent volatility with the Japanese yen’s status as a safe-haven currency.
10. EUR/GBP (Euro/British Pound)

• This pair represents the exchange rate between the euro and the British pound. It’s heavily influenced by economic events and political developments in the Eurozone and the UK, especially post-Brexit.

These pairs are preferred by traders due to their liquidity, market depth, and relatively lower transaction costs. Each pair reacts differently to global economic news, offering various trading opportunities.