简体中文
繁體中文
English
Pусский
日本語
ภาษาไทย
Tiếng Việt
Bahasa Indonesia
Español
हिन्दी
Filippiiniläinen
Français
Deutsch
Português
Türkçe
한국어
العربية
Top 6 Currency Pairs with the Most Trades
Abstract：The luxury of highly leveraged trading with less margin needed than in equities markets is available to traders. However, you must first become familiar with the most popular currency pairs for trading before diving deeply into the fast-paced world of forex.
Forex Trades Five Days a Week, 24 Hours a Day
The luxury of highly leveraged trading with less margin needed than in equities markets is available to traders. However, you must first become familiar with the most popular currency pairs for trading before diving deeply into the fast-paced world of forex.
Here are six of the forex currency pairings that are most often traded.
EUR/USD 1.
The USD/CHF and GBP/USD currency pairs tend to correlate negatively and favorably for the EUR/USD currency pair, respectively. This is a result of the euro's strong link with the pound and the Swiss franc.
2. USD/JPY: Trading the “Gopher”
The next most actively traded pair has traditionally been the USD/JPY. This pair has been sensitive to political sentiment between the United States and the Far East. The pair tends to be positively correlated to the USD/CHF and USD/CAD currency pairs due to the U.S. dollar being the base currency in all three pairs.
3. GBP/USD: Trading the “Cable”
The GBP/USD pair tends to have a negative correlation with the USD/CHF and a positive correlation to the EUR/USD. This is due to the positive correlation between the British pound, the Swiss franc, and the euro.
4. Trading the “Aussie”: AUD/USD
Due to the fact that the U.S. dollar is used as the quotation currency in the USD/CAD, USD/CHF, and USD/JPY pairs, there is a tendency for the AUD/USD currency pair to have a negative correlation with these pairs. The USD/CAD correlation also results from the fact that, being commodities block currencies, the CAD and AUD have a positive correlation with one another.
5. Trading the “Loonie” in USD/CAD
Due to the U.S. dollar serving as the quotation currency in these other pairs, the USD/CAD currency pair has a tendency to have a negative correlation with the AUD/USD, GBP/USD, and EUR/USD pairs.
6. Trading the Yuan in USD/CNY
The exchange rate between the US dollar and the Chinese renminbi, also called the yuan, is represented by the USD/CNY currency pair. It has made up roughly 4% of daily FX deals in recent years.
Recent years have seen a deterioration in the US-China trade relationship, which has given USD/CNY traders several possibilities for speculation.
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
Read more
Currency Fluctuations: What It Means When a Country's Currency Rises or Falls
When a country’s currency appreciates or depreciates in value, it reflects the underlying shifts in its economy and global market dynamics. For forex traders, understanding what drives these fluctuations—and how to strategically prepare for them—can make the difference between profit and loss in an ever-volatile market.
Yuan Volatility Surges as US Election Approaches
As US elections near, yuan volatility surges. Traders brace for tariff risks and market swings, preparing for potential economic shifts under Trump or Harris policies.
UAE Approves AED Stablecoin for Digital Transactions
UAE grants approval for AED Stablecoin AE Coin, a regulated Dirham-pegged cryptocurrency, transforming blockchain payments for businesses and individuals in the UAE.
Understanding Currency Strength & Weakness: What It Means for an Economy
Currency movements—whether a currency strengthens or weakens—are critical indicators of a country's economic health and its position in the global market. In this article, we explore what these movements imply, and how they influence a country’s economic landscape.
WikiFX Broker
Latest News
BSP Shuts Down Uno Forex Over Serious AML Violations
WikiFXACY Securities Expands Global Footprint with South Africa Acquisition
WikiFXTokyo Police Arrest 4 for Unregistered FX Trading Scheme
WikiFXRupee gains against Euro
WikiFXWikiEXPO Global Expert Interview: The Future of Financial Regulation and Compliance
WikiFXDFSA Warns of Fake Loan Approval Scam Using Its Logo
WikiFXConsob Sounds Alarm: WhatsApp & Telegram Users Vulnerable to Investment Scams
WikiFXCySEC Revokes UFX Broker Licence as Reliantco Halts Global Operations
WikiFXGCash, Government to Launch GBonds for Easy Investments
WikiFXBitcoin ETF Options Get Closer to Reality with CFTC Clarification
WikiFXCurrency Calculator
