➤ Best currency pairs to trade right now for begginers

➤ When can forex currency pairs be traded?

Although popular currencies such as the US dollar, yen, euro and sterling are traded mainly in their respective markets, it is actually possible to find them at any time of the day. This is because Forex is not located in a physical site, but is a network of operators around the world who are willing to buy and sell coins at all times.

However, it is important to mention that the most popular currency pairs are more active when their respective stock exchange is operational. For example, the US dollar will experience a greater trading volume when the US stock exchanges are open.

Why are these currency pairs so popular?

Forex is a market in which people and companies from all over the world come together to trade currencies. The coins gain their popularity from their trading volumes. The more desirable the currencies are in the international environment, the greater will be the volatility of their prices.

When trading with currency pairs, you should consider this concept to choose the best instruments. It is possible that a certain currency of an exotic country catches your attention, but you should not forget that the popular currency pairs of FX have greater volatility and therefore, better opportunities to generate profits.

The most traded pairs are the EUR / USD (euro - US dollar) and USD / JPY (US dollar - Japanese yen). You can safely find good moves and opportunities to generate profits in these two FX pairs.

Take advantage of major currency pairs

The economic novelties are of vital importance to negotiate with the major currency pairs. Geopolitical, social or economic events can have a considerable effect on the prices of currencies. For example, if you negotiate with the EUR / USD pair, you must stay abreast of developments in the European Union.

Some important data that you should pay attention to are employment figures, GDP and interest rates. A positive increase in these numbers usually implies an appreciation of the currency.

Do not forget that governments can sometimes implement measures to manipulate the price of their currencies. For example, quantitative expansion programs (such as the one implemented in the European Union) specifically seek to devalue the currency.

Why it's a good idea to negotiate with seniors

Thanks to its high popularity, the major currency pairs present more opportunities to generate Forex profits. Another advantage that this group of currencies has is that their spreads (interest rates that are charged for leaving open operations from one day to another) tend to be low. This reduces the costs of trading.

The major currency pairs have high levels of volatility and liquidity compared to other instruments, making them an ideal option for speculation.

However, the most important thing when choosing a currency pair is knowledge. It is true that older couples are the most liquid. However, if you do not know them well or you have the possibility of accessing exclusive information of a not so popular currency, it is better that you consider your options.

We hope that this article has cleared some doubts about the major currency pairs and its great importance in the Forex market. Usually, these are the main option to negotiate, although they are not the only one. Consider if you have enough information to take advantage of the opportunities offered by these financial instruments.