The Best Currency Pairs to Trade & Times to Trade Them? (Part 1)

Two common questions that I get from aspiring forex traders are: “which currency pairs are best to trade?” and “what are the best times to trade?” This two-part article will first address the question “which currency pairs are best to trade?”, and next week we will address the question “what are the best times to trade?” You should use this two-part article series as a reference guide to answer any question you may have about which currency pairs to trade and what times to trade them.

Enjoy.

Types of Currency Pairs: There are three categories of currency pairs; majors, crosses, and exotics.

The following points will explain which currency pair’s fall into these three categories and the advantages or disadvantages of each.

• Majors The “major” forex currency pairs are the major countries that are paired with the U.S.

dollar (the nicknames of the majors are in parenthesis).

We are also including silver and gold in this list since they are quoted in U.S.

dollars and we trade them regularly.

EUR/USD – Euro vs.

the U.S.

dollar (Fiber) GBP/USD – British pound vs.

the U.S.

dollar (Sterling, Cable) AUD/USD – Australia dollar vs.

the U.S.

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