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In the Forex market, several major currencies are traded extensively due to their stability, liquidity, and the economic strength of their respective countries. These currencies are commonly referred to as the "majors." Here are the primary currencies along with their symbols and the countries they represent:
Popular Major Currency Pairs Major currency pairs are those that include the US Dollar and one of the other major currencies. These pairs are the most traded and are known for their high liquidity. Here are some of the most popular major currency pairs:
Cross Currency Pairs These are currency pairs that do not involve the US Dollar. They are also actively traded and include combinations of the major currencies. Some examples include:
Minor and Exotic Currency Pairs Minor pairs include less commonly traded currencies, while exotic pairs involve one major currency paired with a currency from an emerging or smaller economy. Some examples of exotic pairs include:
Understanding these major currencies and their pairs is fundamental for Forex traders, as it helps them to analyze market movements and make informed trading decisions. Each currency pair has its own characteristics and is influenced by various economic indicators and geopolitical events. |
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