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Best FX Currency Pairs To Trade For Beginners
When reading Forex pairs, the first currency is the base currency, and the second is the quote currency. The price shown indicates how much of the quote currency is needed to buy one unit of the base currency.
For example, in the pair EUR/USD, EUR is the base currency, and USD is the quote currency.
If the price is 1.2000, it means 1 euro = 1.20 U.S. dollars.
Forex pairs are traded because you're always buying one currency while selling another.
Understanding these price movements is crucial for predicting profit or loss.
The four most traded Forex pairs
EUR/USD (Euro/US Dollar) | USD/JPY (US Dollar/Japanese Yen) | GBP/USD (British Pound/US Dollar) | AUD/USD (Australian Dollar/US Dollar) |
The most traded currency pair globally, representing the Eurozone and U.S. economies. It is highly liquid with low volatility and tight spreads, making it a stable choice for traders. | A popular pair due to the liquidity and predictability of the yen's movements. It represents the economies of the U.S. and Japan, making it favored for its stability and trading opportunities. | Known as "Cable," this pair is actively traded between the UK and U.S. While it offers profit opportunities, it is more volatile due to factors like Brexit and economic changes in the UK. | Influenced by commodity prices, especially metals, this pair is popular among traders interested in the Australian economy and global commodity markets. It is highly liquid and sensitive to market movements. |
Best Forex Currency Pairs for Beginners
As a beginner in Forex trading, it’s important to choose currency pairs that are less volatile, highly liquid, and easier to understand. Here are some of the best forex pairs for new traders:
FOREX PAIRS | WHY IT'S GOOD FOR BEGINNERS |
EUR/USD (Euro/US Dollar) | The EUR/USD is the most traded pair globally, offering high liquidity and tight spreads. With two of the world’s largest economies behind it, this pair is generally less volatile and follows predictable trends, making it easier for beginners. |
GBP/USD (British Pound/US Dollar) | Known as "Cable," this pair is highly liquid and offers many opportunities due to its predictability and historical data. It’s slightly more volatile than EUR/USD, creating more profit opportunities but still manageable for new traders. |
USD/JPY (US Dollar/Japanese Yen) | The USD/JPY is another highly liquid and predictable pair. As one of the most traded currencies in Asia, the yen’s relationship with the US dollar often reflects broader economic trends. Moderate volatility makes it suitable for beginners. |
AUD/USD (Australian Dollar/US Dollar) | The AUD/USD pair is popular due to its liquidity and connection to commodity prices. Australia’s economy is closely linked to exports like metals, so this pair provides opportunities influenced by commodity markets |
USD/CHF (US Dollar/Swiss Franc) | Considered a "safe haven" pair, the Swiss franc holds its value during global uncertainty. While the Swiss economy is smaller, this pair’s stability and lower volatility make it a manageable option for beginners. |
NZD/USD (New Zealand Dollar/US Dollar) | The NZD/USD is influenced by New Zealand’s agricultural exports, making it less volatile and relatively easy for beginners to understand. This pair offers good liquidity with manageable volatility for new traders. |
USD/CAD (US Dollar/Canadian Dollar) | As a commodity-driven pair, the USD/CAD is heavily influenced by oil prices, providing a clear understanding of market trends. Its liquidity and the correlation with oil make it a popular choice for beginners. |
WTI Markets
Company address : Unit B, 21/F., THE GLOBE No.79 WING HONG STREET LAI CHI KOK, KOWLOON HONG KONG
Rregistration number : 2347471│Tel : 852-2736 8118 ㅣ Fax : 0504 014 9935 ㅣ support@wtimarkets.com
WTI Markets
Company address : Unit B, 21/F., THE GLOBE No.79 WING HONG STREET LAI CHI KOK, KOWLOON HONG KONG
Rregistration number : 2347471ㅣ Tel : 852-2736 8118
Fax : 0504 014 9935 ㅣ support@wtimarkets.com
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