What is Currency Trading & Major Currency Pairs

Forex is the short name of foreign exchange. Forex market is a market where many currencies are bought and sold at the agreed price in the market. Forex means trading in exchange for one currency, at a fixed price.

Today, forex trading is one of the most popular trading in the world of trading, and approximately $ 4 trillion of economic activity is done on daily basis. We can do online currency trading or we can say we can sell or buy currency via online. For this, We have to open the online account through the broker, and after that, we can easily sell or buy currency. It has a per day $ 5.3 trillion turnovers. but we always need Currency Tips for making profit otherwise we will bear huge loss. Currency trading is closed only Friday evening to Sunday evening otherwise currency trading is a 24-hour market on every business day. In currency trading, there are three sessions i.e. European, Asian and United States trading.

There are as many currency pairs in the world. Currency pairs are consisting of two currencies with exchange rates that are traded in the forex trade market. The pairs of currency i.e. the pair are listed at a specific price so that the trader can buy or sell other currency in exchange for one currency and it includes USD / EUR and many more. All the dealing like selling, buying, or trading, takes place through currency pairs. here, All the major currency pairs are categorized according to the volume that is traded on a daily basis. All of the major currency pairs have very liquid markets that trade 24 hours a day and 5 days in a week. All the major currency pair are given below,

Major Currency Pairs:-

CURRENCY PAIR - COUNTRIES
EUR/USD - Eurozone / United States
GBP/USD - United Kingdom / United States
USD/CHF - United States/ Switzerland
USD/CAD - United States / Canada
AUD/USD - Australia / United States
NZD/USD - New Zealand / United States