100. Mastering Currency Pairs: Everything You Need to Know for Successful Trading

Let’s Talk Forex with Alison and Chris

Podcast video on YouTube: https://bit.ly/4d5z8au

Major, minor, and exotic currency pairs each have distinct characteristics that affect how they are traded in the forex market. They differ in terms of their liquidity, volatility, and availability at various Forex brokers. In this episode, Chris and Alison discuss how traders must adjust their strategies when trading these pairs, considering factors like political stability, economic conditions, and market sentiment, which can have a more significant impact on exotics than on major or minor pairs.

Live charts for major pairs:

EUR/USD: https://fxscouts.com/currency_pair/eurusd/

GBP/USD: https://fxscouts.com/currency_pair/gbpusd/

USD/JPY: https://fxscouts.com/currency_pair/usdjpy/

AUD/USD: https://fxscouts.com/currency_pair/audusd/

EUR/GBP: https://fxscouts.com/currency_pair/eurgbp/

USD/CAD: https://fxscouts.com/currency_pair/usdcad/

EUR/JPY: https://fxscouts.com/currency_pair/eurjpy/

AUD/JPY: https://fxscouts.com/currency_pair/audjpy/

USD/CHF: https://fxscouts.com/currency_pair/usdchf/

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.