Overview We live in a world of opposites: big and small, long and short, thin and thick, major and minor. The latter relationship applies pertinently to trading currencies. Because of the sheer size of this market, it makes sense to break things down into categories. After major pairs, the minor or cross pairs are the second-most traded bunch of forex instruments. The … [Read more...] about All About the Minors: The Second-Most Traded Currency Forex Pairs
Forex Basics
All About the Majors: The Most Traded Currency Forex Pairs
It may be strange to think of the Forex market as some popularity contest, and to some extent, it is. Everyone is looking to see where the most action is to make the largest amount of money with the least risk. Despite there existing hundreds of forex pairs, some are more popular than others; these are essentially the major pairs. Of course, market popularity is only one … [Read more...] about All About the Majors: The Most Traded Currency Forex Pairs
How to Trade False Breakout
The goal of a breakout strategy is to profit on a large move that follows a pattern that is relatively easy to spot. Seasoned traders know the importance of being ready for several false breakouts while catching the momentum. As the name suggests, it refers to an attempt to break out of an established level that fails to go further. Traders should be aware of false breakout … [Read more...] about How to Trade False Breakout
Currency Pairs Beginners Should Stay Away From in FX Trading
In the FX market, currencies are traded in pairs. These pairs are classified into majors, minors, and exotic pairs. Major pairs are the most popular currencies, and they are characterized by high liquidity and low spreads, which make them favorable to most traders. Minor pairs are the second most traded currencies, and they will technically have lower liquidity than the majors. … [Read more...] about Currency Pairs Beginners Should Stay Away From in FX Trading
Currency Pairs to Avoid in Forex Trading in 2022
The forex market saw significant price action in 2021 as investors reflected on the vaccination process and actions by central banks like the Federal Reserve and the European Central Bank (ECB). The industry is also expected to show volatility as most major central banks start to unwind their policies. In this article, we will look at some of the top currency pairs to avoid in … [Read more...] about Currency Pairs to Avoid in Forex Trading in 2022
