Major Currency Pairs
Major pairs, such as EUR/USD, GBP/USD, and USD/JPY, are highly liquid and offer tight spreads, making them ideal for both beginners and experienced traders.
Cross Currency Pairs
Cross pairs like EUR/GBP and AUD/NZD eliminate the USD, providing diverse trading opportunities with lower volatility compared to major pairs.
Exotic Currency Pairs
Exotic pairs, including USD/TRY and EUR/ZAR, offer higher volatility and potential for significant gains, though they come with increased risk.
Commodity-Linked Pairs
Pairs such as AUD/USD and USD/CAD are influenced by commodity prices, making them suitable for traders who monitor global commodity markets.
Safe-Haven Currency Pairs
Safe-haven pairs like USD/CHF and EUR/JPY tend to perform well during market uncertainty, providing stability and reliable trading conditions.
Remember, trading on financial markets involves the risk of losing capital. Make informed decisions and manage your risks wisely.
