Statistics on the popularity of currency pairs on the Forex exchange
The decision-making psychology of most people is based on the principle that if others do it, then it is right and profitable.
Surprisingly, this approach in most cases brings excellent results, this also applies to the choice of a currency pair for exchange trading.
As a rule, the most popular asset has the greatest liquidity, which means that when opening transactions using it, the smallest spread is charged.
Calculating the most popular currency pair is quite simple: just compare the spread and commission and find the asset with the lowest indicator.
Or you can use the informer showing current statistics on the popularity of currency pairs.
As you can see, this is a fairly simple tool, thanks to which you can clearly see which currency pairs are most popular among traders today:
Statistical data is displayed on the screen in the form of a chart that shows the relationship between various trading assets. This assumes that the sum of all assets is 1 (100%).
As one would expect, at the moment the most popular pair is EURUSD, followed by the British pounds GBPUSD, and in third position, not surprisingly, is the Hungarian forint and the Japanese yen HUFJPY.
Bitcoin also appeared among the top nine popular assets, occupying sixth place in our chart. Information changes dynamically, so you may see a different order of assets.
The informer does not show the number of traders who opened transactions on a particular instrument with a broker, but the volume of transactions on a certain currency pair.
The presented tool is purely informational in nature, but based on its indicators, you can still draw certain conclusions that will be useful in practical trading.