Bank for International Settlements. Retrieved: 11 February On the spot market, according to the Triennial Survey, the most heavily traded bilateral currency pairs were: The U. You have access to some of the top imsges pairs in the forex market. The pair of U.

A currency pair is the quotation and pricing structure of the currencies traded whzt the forex market; the value of ln currency is a rate and is determined rrading its comparison to another currency. The first listed currency of a currency pair is called the base currency, and the second currency forrex called the quote currency. The currency pair indicates how much of the quote currency is needed to purchase one unit of the base currency BREAKING DOWN 'Currency Pair'.

All forex trades involve the simultaneous purchase of one currency and sale of another, but the currency pair itself can be thought of as a single unit, an instrument that is bought or sold. If you buy a currency pair, you buy the base currency and implicitly sell the quoted currency. The bid buy price represents how much of the quote currency you need to get one unit of the base currency.

Conversely, when you sell the currency pair, you sell the base currency and receive the quote currency. The ask sell price for the currency pair represents how much you will get in the quote currency for selling one unit of base currency. If you sold the currency what is a currency pair in forex trading images, you would receive currenct. There are as many currency pairs as there are currencies in the world. The total number of currency pairs that exist changes as currencies come and go.

All currency currrency are categorized according to the amount of volume that is traded on a daily basis for a pair. The currencies that trade the most volume against the U. All of the major currency pairs have very liquid markets that trade 24 hours a day every business day, and they have very narrow spreads. Currency pairs that trqding not associated with the U. These pairs have slightly wider spreads and are not as curtency as the majors, but they are sufficiently liquid markets nonetheless.

The crosses that trade the most volume are among the currency pairs in which the individual currencies are also majors. Exotic currencies pairs include currencies of emerging markets. These pairs are not as liquid, and the spreads are much wider. Term Of The Day A regulation implemented on Jan. Tour Legendary Investor Jack Bogle's Office.

Louise Yamada on Evolution of Technical Analysis. Financial Advisors Sophisticated content for financial advisors around investment strategies, industry trends, and advisor education.

Best Currency Pairs to Trade on Forex - How to Choose & Trade Forex Pairs

Currency pairs are the foundation of Forex trading for the retail traders who trade through the retail Forex brokers. The choice of the best Forex currency pairs to trade is not trading with USD/JPY currency pair is not recommended for one of the best currency pairs to trade. What is forex trading? You can choose a currency pair that you expect to change in value and place a trade The Risks of Trading on the Forex Currency Markets.