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Sell Strong Sell
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Major Currencies

Almost all currencies are traded in the Forex market, but some that belong to strong economies are traded in high volume.

The most widely traded currencies are called major currencies. These include:

1. US Dollar (USD)
2. British Pound (GBP)
3. Euro (EUR)
4. Japanese Yen (JPY)
5. Swiss Franc (CHF)
6. Australian Dollar (AUD)
7. New Zealand Dollar (NZD)
8. Canadian Dollar (CAD)

Currency Pairs

Currencies are traded in the form of pairs. For example, GBP will be paired with USD to form GBP/USD. In this pair GBP is the base currency and USD the quote or the counter currency. The exchange rate shows how many US Dollars are needed to buy 1 British Pound.

Major Currency Pairs.

Major currency pairs are those that are formed between USD and another major currency. These are volatile pairs and offer good profit margins.

Major pairs include: EUR/USD, GBP/USD, USD/JPY, USD/CHF, AUD/USD, NZD/USD, and USD/CAD.

Minor Currency Pairs.

Currency pairs that are formed between two major currencies other than USD are called minor currency pairs. These also offer high profit margins.

Some minor pairs are: EUR/GBP, GBP/JPY, EUR/JPY, GBP/AUD, NZD/CHF, CHF/JPY, and EUR/CAD. There are others besides these too.

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