Forex Euro Dollar Chart

If you’re involved with currency trading, you obviously know what forex pairs are. The pair is the two currencies that are currently involved in your trade. So lets take US dollars and Swiss francs as an example, if you’re trading those two currencies the pair is USD/CHF.

It’s possible to trade any two currencies of the world, but that’s a bright idea really, as you need to be trading two currencies that have larger financial powers. It doesn’t necessarily mean that you should be trading currencies of two of the most powerful countries. Switzerland is a major currency when it comes to forex trading, even though it’s only a relatively small country. The reason why it’s a big player in the forex world, is because the Swiss bank are important globally.

Below are the 6 most popular forex pairs, they account for 90% of trades on the forex market. They are: Forex Euro Dollar Chart

*EUR/USD – The Euro and the US Dollar.

*GBP/USD – The British Pound and the US Dollar

*USD/JPY – The US Dollar and the Japanese Yen

*USD/CHF – The US Dollar and the Swiss Franc

*AUD/USD – The Australian Dollar and the US Dollar

*USD/CAD – The US Dollar and the Canadian Dollar

It’s quite rare that traders get involved with other currencies, but the most experienced traders do tend to trade different pairs from time to time, which usually involves the New Zealand Dollar. If you’re just starting out it’s vital that you stick with the major forex pairs.

The US is the most popular currency when it comes to trading, it’s involved in 85% of all trades according to the latest study. The Euro is the second most popular at 37%. Next follow the Yen, Pound, Franc, AUD and CAD.

What Is The Best Currency Pair For A Beginner?

There is a lot of information online about trading with the EUR/USD pair. Seriously, there is a lot of valuable information out there that you can use to start trading with this currency pair. Experts recommend beginner’s start out with trading this popular forex pair, due to the wealth of information available online.

If you’re just starting out you definitely want to stick with EUR/USD. If, for whatever reason, you don’t want to stick with that, then I recommend you trade the GBP/USD pair. Forex Euro Dollar Chart