Major Forex Pairs
Major forex pairs involve the most widely traded currencies, including the US Dollar, Euro, Japanese Yen, British Pound, Swiss Franc, Canadian Dollar, and Australian Dollar. These pairs offer high liquidity and tight spreads.
Cross Currency Pairs
Cross currency pairs do not involve the US Dollar but include other major currencies. They provide opportunities for diversification but may have lower liquidity compared to major pairs.
Exotic Forex Pairs
Exotic forex pairs consist of a major currency paired with a currency from a developing economy. These pairs can be more volatile and have wider spreads, making them suitable for experienced traders.
Trading on financial markets involves a risk of loss of capital.
