Which Forex Currency Pairs to Trade?
Before analyzing the best Forex currency pairs to trade lets see some of the most popular currencies that can be found in the world of Forex trading. These are as follow:
- US Dollar (USD)
- Euro (EUR)
- Australian Dollar (AUD)
- Swiss France (CHF)
- Canadian Dollar (CAD)
- Japanese Yen (JPY)
- British Pound (GBP)
Out of these currencies you can find popular pairs and if you want to succeed in the world of Forex trading you need to have a deep understanding of the different Forex pairs that you use to trade.
4 best Forex currency pairs to trade
USD/EUR
This is one of the most popular Forex pair. It has low spread among forex brokers and is associated with basic technical analysis. Additionally, USD/EUR is not too volatile. If you are a trader who is not taking too much risk this might be one of your best options for Forex trading.
USD/GBP
It is a currency pair that can be grouped into volatile category. A lot of traders chooses this currency pair as their best to trade as they can find many information online of market analysis.
USD/JPY
This is another popular currency pair and is associated with low spreads. You can usually follow smoother trends compared to other pairs.
AUD/USD
This pair might be more challenging that other cryptocurrency pairs. However, due to its volatility, it gives the currency pair a unique benefit.
Information on this article is not intended for trading or trading recommendations. We recommend that you seek advice from an independent financial advisor.
