The Characteristics of Major Forex Currency Pairs

The Characteristics of Major Forex Currency PairsA forex currency pairs are two different currencies in which you are doing the forex trading .here the sample, you are trading Euro (EUR) for US Dollar (USD), so your forex currency pair is EUR/USD.

In forex trading there are 4 major currency pairs that called “The Majors”.

Why are they have to use The Majors? What is the advantage? Because they are the most liquid and forex market usually using this pairs.

1. EUR/USD
it is Euro and US Dollar.
Daily range average: 90-100 pips
Best time to trade : Euro session (07.00 GMT-17.00 GMT)
this is the first and the most commonly trade currency pairs which have highly liquid. And most beginner traders learn forex market start with this pairs.

2. GBP/USD
for British Pound and US Dollar
Daily range average:150-200 pips
Best time to trade :Euro Session (0700 GMT – 1700 GMT)
Actually, this pair is used by experience traders

3. USD/CHF
for US Dollar and Swiss Franc
Daily range average: 100-135 pips
Best time to trade :Euro Session (0700 GMT – 1700 GMT)
This pair will be good pair whiles visually gouging the strength of the USD.

4. USD/JPY
for US Dollar and Japanese yen
Daily range average: 80-90 pips
Best time to trade : Asian Session (2400 GMT – 0900 GMT)
it has different characteristic because sometimes has the opposite direction as the others dollar pail during risk aversion of the market.

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