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.

How did you pick your first currency pair? — bid-ask spread diagram
The bid-ask spread on a currency pair

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
How did you pick your first currency pair? — risk-reward diagram
A risk-reward ratio of 1 to 2

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.

Read the full guide

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