I just noticed that many people are asking about forex currency pairs, so I’d like to share some knowledge I’ve accumulated from trading.

At first, when I started trading forex, I was confused about why we need to trade in pairs, but actually, it’s simple. Because forex trading is about buying one currency and selling another at the same time. For example, EUR/USD means buying euros and selling dollars.

Currently, there are about 180 forex pairs accepted in the market, but not all pairs are easy to trade. Some pairs have very low liquidity, so they are divided into three main categories that most traders are interested in.

The first category is Major Pairs, which are the true leaders of the forex market. They consist of the 7 most traded pairs: EUR/USD, USD/JPY, GBP/USD, USD/CHF, USD/CAD, AUD/USD, NZD/USD. All of these are paired with the US dollar and have very high liquidity. Their prices move frequently, providing many trading opportunities. This is a good starting point for beginners.

The second category is called Cross Currency Pairs, which are forex pairs not involving the dollar but pairing other major currencies, such as EUR/GBP, EUR/JPY, GBP/JPY, AUD/CAD. Although less popular than the major pairs, they still have decent liquidity and plenty of trading opportunities.

The last category is Exotic Pairs, which involve the dollar and currencies from emerging economies, such as USD/BRL, USD/THB, USD/MXN, USD/ZAR. These tend to be riskier with lower liquidity, but some traders like to trade them because they are more volatile and offer higher profit opportunities.

In fact, for beginners, I recommend starting with the major pairs first. Get familiar with forex trading through the easiest pairs, then gradually expand to other pairs later. If you want to learn more, you can look up additional information.