Start Earning with Fees in Major Parities at Hope Fluent
The foreign exchange (Forex) market stands as the globe’s largest financial arena, witnessing daily cash flows exceeding $5 trillion. Within this expansive market, traders are presented with a plethora of currency pairs to navigate. Among them are prominent pairs such as EURUSD and GBPUSD, denoted by their inclusion of the US dollar (USD).
Comprising 75% of all Forex transactions, Major Pairs dominate the market, representing the most actively traded currencies. These pairs are deemed essential due to their high liquidity and widespread popularity. Here are four key Major Pairs within the Forex market:
- USD/JPY
- EUR/USD
- USD/CHF
- GBP/USD
Discover the advantage of trading Minor and Exotic currency pairs at Hope Fluent
Minor pairs, characterized by the absence of the US dollar, typically exhibit lower liquidity levels. Examples include EUR/CHF (Euro/Swiss franc), CAD/JPY (Canadian dollar/Japanese yen), and GBP/AUD (British pound/Australian dollar).
On the other hand, Exotic currency pairs represent the least traded pairs in the forex market. These pairs are marked by significant price fluctuations, high volatility, and wide spreads due to their low trading volume.