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Currency Pairs

Introducing Currency Pairs

Benefits of Currency Pairs

Forex currency trading are beloved instruments for day traders as they can easily leverage the movement in currency values and to minimize the risk by placing limits, stop loss & take profit, to automize the process. The forex major pairs are especially liked because it's easier to track the movements of economies in relation to the US economy, in things like money reserves which the US Dollar is the most used worldwide, and international business, with the US being the largest global economy. Traders know that a lot of powerful institution don't want to see the US Dollar specifically plummet or increase greatly in value, so they know they can gains on a daily basis.

What's Being Provided?

High liquidity, tight spreads, market transparency, and accessibility contribute to an environment conducive to effective trading strategies

How to trade currency pairs

For novices in Forex trading, the best choice is major pairs: EURUSD, GBPUSD, and USDJPY. They are relatively stable, liquid, and overall more predictable than others. You can benefit from any movements of the market. All you need is to predict how the price will change. There are two major approaches to that: fundamental and technical. Fundamental methods focus on external factors: events, statements, global trends, or interest rates. News is a particularly valuable source of trading ideas here