MAJOR CURRENCIES IN FOREX TRADING MARKET
- Major currency pairs all contain the US Dollar on one side – either on the base side or quote side. They are the most frequently traded pairs in the FOREX market. The majors generally have the lowest spread and are the most liquid. The EUR/USD is the most traded pair with a daily trade volume of nearly 30% of the entire FX market.
- A currency that is sufficiently liquid to be readily convertible to the currency of other nations. Major currency is most often associated with politically stable, highly industrialized nations. When trading Forex, it is inevitable that traders will run across currencies known as “The Majors”. This term is in reference to the most frequently traded currencies in the world, with the list normally including the Euro (EUR), US Dollar (USD), Japanese Yen (JPY), Great British Pound (GBP), Australian Dollar (AUD), and Swiss Franc (CHF).
|USD||US Dollar||United States||Buck|
|NZD||New Zealand Dollar||New Zealand||Kiwi|