WHAT IS PAIRS IN FOREX TRADING

             

A currency pair is a pair of currencies where one is valued relative to the other. For example, GBP/USD is the value of the British pound against the US dollar. What are the major currency pairs? The major currency pairs ("majors") are those in which the US dollar and the US dollar are traded the most. There are seven of them: EUR/USD, USD/JPY, GBP/USD, USD/CAD, USD/CHF, AUD/USD, and NZD/USD. What are currency crosses? Currency crosses ("crosses") are frequently traded currencies that do not include the US dollar in their pair. Crosses include EUR/GBP, EUR/CAD, GBP/JPY, EUR/CHF, EUR/JPY, etc. How many currency pairs are there? There are hundreds of currency pairs but not all can be traded in the FX market. The United Nations currently recognizes 180 currencies. If you want to pair every currency with every other currency, that's a lot. I hope this is more informative for you so stay connected with this blog and share it with your friends. More about this source textSource text required for additional translation information