Major Forex Pairs
Major pairs are the most traded currencies in the world, featuring the US Dollar alongside other leading economies such as the Euro, Japanese Yen, British Pound, Swiss Franc, Canadian Dollar, and Australian Dollar.
Minor Forex Pairs
Minor pairs, also known as cross-currency pairs, do not include the US Dollar but combine other major currencies, providing traders with diverse opportunities beyond the major markets.
Exotic Forex Pairs
Exotic pairs involve one major currency paired with a currency from a smaller or emerging economy, offering higher volatility and potential for significant price movements.