What are the high volume trading pairs in forex?
Conclusion. While EUR/USD leads the way in terms of daily traded volume in forex pairs, there are a number of other viable currency pairs with high liquidity that traders can choose from in an attempt to realise a profit.
Conclusion. While EUR/USD leads the way in terms of daily traded volume in forex pairs, there are a number of other viable currency pairs with high liquidity that traders can choose from in an attempt to realise a profit.
# | Currency Pair | Volume, % |
---|---|---|
1 | EURUSD | 27.95% |
2 | USDJPY | 13.34% |
3 | GBPUSD | 11.27% |
4 | AUDUSD | 6.37% |
EUR/USD “The Fiber” is a combination of the Euro and the US dollar. This is generally considered the most traded currency pair as it stems from two of the world's largest and most reputable economies.
- USD/JPY. Also known as gopher, the second most traded pair, influenced by US Federal Reserve and Bank of Japan interest rates.
- GBP/USD. ...
- AUD/USD. ...
- USD/CAD. ...
- USD/CNY. ...
- USD/CHF. ...
- USD/HKD. ...
- EUR/GBP.
Only GBP/USD moves for more than 100 points per day. AUD/USD turned out to be the least volatile currency pair. As for the cross rates, GBP/NZD, GBP/AUD, GBP/CAD, and GBP/JPY are the most fluctuating currency pairs. All of them move on average for more than 100 points per day.
The fastest-moving currency pairs include the currencies of the most developed countries as base or quote currencies, as they represent the most economic activity. They are the USD, EUR, JPY, GBP, CHF, CAD, and AUD.
The EUR/USD pair holds the throne as the most traded forex pair globally, known for its liquidity and stability. Traders often turn to this pair for its reliability and consistent profit opportunities.
- EUR/USD is the most liquid forex pair and represents 20-30% of the forex market by trading volume. ...
- USD/JPY comes second with the Japanese Yen being one of the most heavily traded currencies and a major safe-haven currency too.
- GBP/JPY The pound reached a new high against yen not seen since 2015; the pair appreciated more than 2,000 pips.
- EUR/JPY. ...
- USD/JPY. ...
- GBP/USD ...
- USD/CAD ...
- EUR/USD ...
- EUR/GBP ...
- USD/CHF.
What are the 4 major forex pairs?
The major currency pairs on the forex market are the EUR/USD, USD/JPY, GBP/USD, and USD/CHF. The four major currency pairs are some of the most actively traded pairs in the world, along with the so-called commodity currency pairs: USD/CAD, AUD/USD, and NZD/USD.
Beginners might find the AUD/USD pair to be an excellent choice, since it is more predictable and less likely to spike or drop suddenly. In many studies, this pair has also been cited as one of the least volatile. In conclusion, the best currency pairs to trade for beginners are EUR/USD, GBP/USD, USD/JPY.
- In forex trading, you can use many strategies to win in the market. Scalping is a common strategy loved by many forex traders and is also suitable for beginners. ...
- Major Forex Pairs to Scalp. ...
- EUR/USD. ...
- USD/CHF. ...
- GBP/USD. ...
- USD/JPY. ...
- Profitable Minor Forex Pairs to Scalp. ...
- AUD/JPY.
- EUR/USD (Euro Dollar)
- GBP/USD (Pound Dollar)
- USD/CHF (Dollar Swissy)
- USD/JPY (Dollar Yen)
- AUD/USD (Aussie Dollar)
- NZD/USD (Kiwi Dollar)
- USD/CAD (Dollar Loonie)
The USD/JPY, AUD/USD, and NZDUSD acquire their highest volatility during Asian sessions. The EUR/USD, USD/CHF, and GBP/USD during the European session and, the USD/CAD during the US session.
Earning a consistent 50 pips a day in forex trading is an ambitious but achievable goal. While the forex market is highly dynamic and unpredictable, traders who employ effective strategies and risk management techniques can work towards this target.
One pip is worth $1 for a mini lot, which means that if you buy 10,000 units or a mini lot of US dollars, one pip change in the price quote would equal $1. In short, $1 equals one pip if you trade a mini lot of US dollars.
- Choose the Right Currency Pairs. To achieve 20 pips a day, selecting the right currency pairs to trade is crucial. ...
- Time Your Trades. ...
- Use Technical Analysis. ...
- Set Realistic Targets. ...
- Use Stop-Loss Orders. ...
- Scale Your Positions. ...
- Practice with a Demo Account. ...
- Continuous Learning.
- EUR/USD. The EUR/USD currency pair takes the largest portion of the overall trading volume. ...
- GBP/USD. GBP/USD is another heavily traded currency pair. ...
- USD/JPY. USD/JPY is the second most traded currency pair. ...
- USD/CAD. ...
- AUD/USD. ...
- USD/CNY. ...
- USD/CHF. ...
- GBP/JPY.
EUR/JPY: Both currencies' value constantly changes on the market, but losses will be quite minor since they are categorized as the lowest Forex spreads. USD/CHF: Both are the most stable Forex pairs with the lowest spreads, making the pair the perfect choice for beginner traders.
What are the best hours to trade forex pairs?
- 1 pm to 4 pm (GMT) when both New York and London exchanges are open.
- 12 am to 7 am (GMT) when both Tokyo and Sydney exchanges are open.
- 8 am to 9 am (GMT) when both Tokyo and London exchanges are open.
- EURUSD. EURUSD is one of the most traded currency pairs in the Forex market. ...
- GBPUSD. GBPUSD is another best currency to trade for beginners. ...
- USDJPY. USDJPY, also known as the “Gopher,” is another most traded Forex pair particularly suitable for beginners. ...
- USDCHF. ...
- USDCAD.
IC Markets is the largest forex broker by trading volume, with over $774 billion in forex trading volume in the third quarter of 2021 alone, according to data compiled by Finance Magnates. IC Markets is also well-known as an excellent option for algorithmic traders due to its great pricing and execution.
Major forex pairs, such as EUR/USD (Euro/US dollar), USD/JPY (US dollar/Japanese yen), and GBP/USD (British pound/US dollar), remain attractive options for night trading due to their liquidity and stable price movements. As these are the most traded pairs in forex, many market participants favour them.
What are the least volatile currency pairs? The least volatile currency pairs include currencies traded in large volumes with small price movements over a given period. Major currency pairs are highly liquid, so they are less volatile. The least volatile currency pairs include USD/CHF, USD/JPY, EUR/CHF, and USD/EUR.