In this week’s episode we cover currency pairs and how to choose which ones you should trade. We delve into what drives the price movement of these instruments and provide 5 steps for choosing the right currency pair.

Major currency pairs:

EUR/USD (Euro/United States dollar) - the most liquid pair

USD/JPY (United States dollar/Japanese yen)

GBP/USD (Great British Pound/United States dollar)

AUD/USD (Australian dollar/United States dollar)

USD/CAD (United States dollar/Canadian dollar)

USD/CHF (United States dollar/Swiss franc)

EUR/GBP (Euro/Great British Pound)

FxScouts DISCLAIMER:

75-90% of retail traders lose money trading Forex and CFDs. You should consider whether you understand how CFDs and leveraged trading work and if you can afford the high risk of losing your money. Any information discussed here is solely for educational and informational purposes and should not be considered tax, legal or investment advice.