Top 15 Best Currencies Pairs To Trade And Become Consistently Profitable
Major currency pair
Major currency pairs all contain the US Dollar on one side or either on the base side or quote side, these are considered by many to drive the global forex market They are the most frequently traded pairs in the FOREX market. The majors generally have the lowest spread and are the most liquid
Minor currency pair
Currency pairs that do not contain the US Dollar are known as cross-currency pairs or simply minor pairs. Historically, if we wanted to convert a currency, we would have had to first convert the currency into US dollars and then into the currency which we desired.
Exotic currency pair
Exotic currency pairs consist of major currency paired with the currency of an emerging or a strong but smaller economy from a global perspective such Asia countries.
Top 15 best currency pairs to trade
1.The euro and US dollar: EUR/USD.
2.The US dollar and Japanese yen: USD/JPY.
3.The Australian dollar and US dollar: AUD/USD.
4.The US dollar and Canadian dollar: USD/CAD.
5.The New Zealand dollar and US dollar: NZD/USD.
6.The British pound sterling and US dollar: GBP/USD.
7.The US dollar and Swiss franc: USD/CHF.
8.The British pound and Japan: GBP/JPY
9.The British pound and Switzerland: GBP/CHF
10.The British pound and Canada: GBP/CAD
11.The Euro and Australia: EUR/AUD
12.The Japan Yen and New Zealand: JPY/NZD
13.The Euro and Turkish Lira: EUR/TRY
14.The US Dollar and South African Rand: USD/ZAR
15.The US Dollar and Hong Kong Dollar: USD/HKD