How long should a beginner stay on one pair?
There's a strong case for trading one pair for months: you learn its rhythms, its session behaviour and which news moves it. But boredom pushes beginners to hop pairs constantly.
How many pairs do you trade?
- the number you trade now versus when you started
- how long you stayed with your first pair
- what pair-hopping cost you
The major, minor and exotic guide helps you choose deliberately.
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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