Forex currency pair popularity statistics
The psychology of decision-making for most people is based on the principle that if others are doing it, it means it is right and beneficial.
Surprisingly, this approach produces excellent results in most cases, and this also applies to choosing a currency pair for exchange trading.
As a rule, the most popular asset has the highest liquidity, which means that when opening trades using it, the smallest spread is charged.
Calculating the most popular currency pair is quite simple: just compare the spread and commission values and find the asset with the lowest rate.
You can also use an informer that displays current statistics on the popularity of currency pairs.
As you can see, this is a fairly simple tool that allows you to clearly see which currency pairs are most popular among traders today:
The statistics are displayed on the screen as a chart showing the ratio between various trading assets. This chart assumes that the sum of all assets equals 1 (100%).
As expected, the most popular pair at the moment is the EURUSD, followed by the British pound GBPUSD, and in third place, surprisingly, is the Hungarian forint and the Japanese yen HUFJPY.
Bitcoin also appeared among the top nine most popular assets, ranking sixth in our chart. This information is constantly changing, so you may see a different order of assets.
The informer does not show the number of traders who have opened trades on a particular instrument with the broker, but the volume of transactions on a specific currency pair.
This tool is purely informational, but based on its indicators, one can still draw certain conclusions that will be useful in practical trading.
