The most popular currency pairs on Forex and trading features

The most popular currency pairs are always characterized by a dynamic trend, which is what allows you to earn the greatest profit in a short period of time.

The second indicator that affects popularity is the size of the spread - the commission that the dealing center takes from each of your transactions when buying or selling currency.

The third point is the availability of ready-made strategies for the chosen trading instrument, because it is much easier to use someone else’s experience than to waste time creating your own trading system.

In addition, the time of trading and simply the personal preferences of the trader matter, some trade only at night, and some prefer the most predictable trading instruments, without sharp fluctuations in the exchange rate.

In order to choose the most suitable trading instrument, you must first conduct a brief analysis of popular currency pairs.

Analysis of the most popular currency pairs

EUR/USD is the leader among leaders. It is the euro/dollar pair that boasts the greatest liquidity and dynamism, with the exchange rate changing almost every second. This dynamic opens up ample opportunities for speculative trading.

The trend constantly changes direction, the price suddenly jumps up a few points, then, on the contrary, falls by a whole hundred, here you can either earn a lot or safely lose your entire deposit.

The most attractive strategy for this currency pair is breakout trading, which allows you to profit from a sharp change in the exchange rate.

The news trading strategy works well; several important events can occur in a single day, and your task is to track their release and seize the moment to enter the market.

The lowest spread size plays an important role: from 0.2 in the floating version and from 1 in the fixed version; you can find out the size of this indicator from your broker.

This popular currency pair is used for scalping; its small spread allows for significant cost savings when trading large volumes.

In addition, this currency pair has been trading within a certain price range for several years, allowing traders to easily determine the current market conditions.

USD/JPY – the dollar/yen pair – is more commonly used in medium- and long-term trading due to the small overnight commission. A large number of trading advisors and robots have been developed specifically for this instrument, allowing for automated trading.

The currency pair rises sharply in price when the dollar strengthens or the Japanese yen weakens, and falls after the release of unfavorable news about the US dollar.

When opening short positions, be especially careful, as excessive yen strengthening could trigger currency interventions by the Bank of Japan. A whole strategy has been developed around these interventions, presumably based on the assumption that sooner or later the Bank of Japan will sell a large amount of currency, causing a market collapse.

The main activity is observed during the Asian trading session, which coincides with the opening hours of Japan's financial centers.

GBR/USD is one of the most popular currency pairs; its dynamism can be compared to EUR/USD. This is due to the fact that the British pound reacts quite sensitively to all European news, so its rate sometimes moves almost parallel to the euro.

The pair has a small spread and can be used for trading on short timeframes with the maximum possible lot.

When using strategies that involve carrying over positions to the next day, it is preferable to open long positions (buy).

The AUD/USD is a fairly good trading instrument, often overlooked by novice traders. Its rate is highly predictable, and it's often possible to predict its future price movement based on the price of gold or agricultural commodities.

It is often used to make a profit on the difference in interest rates using the carry trade strategy, which allows for profit even without any obvious change in rates.

Popular currency pairs account for over 60% of the total trading volume on the Forex market, but this doesn't mean you should trade these instruments exclusively. You can choose a currency pair that's more suitable for you if you wish. 

Cryptocurrency currency pairs

Recently, it has become possible to trade cryptocurrency on Forex using a familiar trading terminal, significantly expanding the possibilities for earning money from this asset.

The following are particularly popular:

• BTCUSD - Bitcoin
• XRPUSD - Ripple
• LTCUSD - Litecoin
• ETHUSD - Ethereum
• DASHUSD - Dash

Trading these assets on Forex is much more profitable than on specialized exchanges, as brokers' commissions are significantly lower, and the speed of trade execution is much higher.

While cryptocurrency pairs previously referred only to instruments with the US dollar as the quoted currency, pairs are now also emerging that allow transactions to be conducted using euros.

You can find the specifics of trading cryptocurrency pairs here - https://time-forex.com/kriptovaluty/kriptovalutnye-pary

In total, more than 20 such assets are currently available in broker terminals. You can find out which brokers trade cryptocurrency at the link - http://time-forex.com/kriptovaluty/brokery-kriptovalut