How did you pick your first currency pair?
The usual advice is EUR/USD: tight spreads, deep liquidity and a huge amount of published analysis. But many traders started with the pair from their own country, or with one that moves during the hours they can trade.
Share:
- the pair you started with, and why
- whether it was a good choice in hindsight
- what you'd suggest to a beginner choosing today
The major, minor and exotic pairs guide explains how the categories differ.
Background: Major, minor and exotic currency pairs explained
How to read a currency quote, which pairs count as majors, crosses and exotics, and why spreads and risks differ so much between them.
What are the seven major currency pairs?
EUR/USD, USD/JPY, GBP/USD, AUD/USD, USD/CAD, USD/CHF and NZD/USD.
What is a cross currency pair?
A pair of major currencies that doesn't include the US dollar, such as EUR/GBP or GBP/JPY.
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