In the forex market, there is a large number of FX pairs are available for forex trading. Where some are the best forex currency pairs to trade in the foreign exchange market than others. All these forex pairs are categorized into three types, i.e. the majors, the crosses, and the exotics. EUR/USD and GBP/USD are the most tradable forex pairs across the world of the forex market. Apart from them, there are other popular forex pairs to trade in the foreign exchange market.
List of the Best Forex Currency Pairs to Trade in Forex:
Below is the list of the best forex currency pairs to trade in the foreign exchange market. EUR/USD and GBP/USD are the most liquid pairs in the forex market. It has low spread and highest trading volume. A lot of information and analysis are available on this forex pair.
You may open your trade very carefully. You must watch the forex factory on daily basis. Don’t open trade during the high impact news.
|1||Euro vs. the U.S. dollar||EUR/USD|
|2||British pound vs. the U.S. dollar||GBP/USD|
|3||Australia dollar vs. the U.S.||AUD/USD|
|4||New Zealand dollar vs. the U.S. dollar||NZD/USD|
|5||U.S. dollar vs. the Japanese yen||USD/JPY|
|6||U.S. dollar vs. the Swiss franc||USD/CHF|
|7||U.S. dollar vs. the Canadian dollar||USD/CAD|
|8||Australian dollar vs. the Japanese yen||AUD/JPY|
|9||Euro vs. the Japanese yen||EUR/JPY|
|10||British pound vs. the Japanese yen||GBP/JPY|
|11||New Zealand dollar vs. the Japanese yen||NZD/JPY|
The last two pairs i.e. Gold and Silver are not the FX pairs. But I included these because it’s traded in the US dollar and also profitable pairs in the market. No forex pair can give you profit without a strong strategy. You can select your own desired forex pairs which more close to your strategy.
Before choosing the best forex currency pairs to trade, you must select the best broker. A forex broker is a key factor for success in foreign exchange trading.
Best Currency Pairs to Trade for Beginners:
Let me also discuss to tell you about the best currency pairs to trade for beginners as well as experts. The first four FX pairs will prove most gainful for the beginners. It will be proving more gainful if you trade consistently any one of these FX pairs. This is my own opinion, not a market technicality.
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