Trade Major Forex Pairs, or Minors

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Major currency pairs in the Forex market

Trading instruments: Forex major currency pairs

The best Major currency pairs to trade on the Forex market

  • Unlimited liquidity of world currencies;
  • Trading is avalible 24 hours 5 days a week;
  • All popular currency pairs;
  • Opportunity of hedging and diversifying risks;
  • Instant execution of orders.

The modern Forex market was created as a result of exchange of one currency to another, which is made every day worldwide. One of the factors which determined this process was the so called “floating rates” politics which was accepted in the late 1960s. Before that, national currency rates were fixed, and the market law of supply and demand did not affect the price change.

The participants in currency exchange are national banks, pension and investment funds, commercial and production companies, as well as private persons. The extend of daily operations amounts to trillions of dollars. Currency rates fluctuate every second, but, as a rule, they are not big enough to make significant profits from. However, this is not true of the cases when a person has big money to invest. Leverage provided by a broker allows us to make the most of profits even from small currency fluctuations.

No doubt, currency pairs are the most popular and called-for trading tool in financial markets. Forex currency pairs are traditionally subdivided into three groups: Major, minor, and exotic. The major group embraces just 7 currency pairs, each of them including the US dollar as an integral part. It’s worth mentioning that these pairs account for 70% of the global trading turnover in the Forex market.

  • ECN
  • CLASSIC

Major currency pairs

Symbol Lot Size 1 Spread 2 Stop & Limit Swap Long 3 Swap Short 3
AUDUSD 100000 10.0 0 -3.810333 -2.944
EURUSD 100000 13.5 0 -4.891333 -0.398667
GBPUSD 100000 11.2 0 -5.083 -4.538667
NZDUSD 100000 10.2 0 -2.158167 -2.706333
USDCAD 100000 12.3 0 -2.392 -4.8415
USDCHF 100000 12.4 0 0.325833 -5.079167
USDJPY 100000 3.8 0 -2.606667 -4.5195

Major cross rates

Symbol Lot Size 1 Spread 2 Stop & Limit Swap Long 3 Swap Short 3
EURCHF 100000 29.9 0 -1.997167 -3.557333
EURGBP 100000 4.5 0 -5.0025 -1.7365
EURJPY 100000 10.8 0 -4.4275 -1.6675
GBPJPY 100000 10.2 0 -4.538667 -6.436167
GBPCAD 100000 46.1 0 -5.320667 -7.59
CHFJPY 100000 40.1 0 -4.849167 -0.713
CADCHF 100000 38.8 0 -0.552 -3.174
NZDCAD 100000 40.0 0 -1.050333 -3.3235
CADJPY 100000 16.0 0 -2.031667 -2.096833
AUDJPY 100000 24.5 0 -1.8055 -2.119833
EURCAD 100000 104.5 0 -5.500833 -1.717333
EURAUD 100000 102.1 0 -6.332667 -1.337833
EURNZD 100000 154.3 0 -8.908667 0.207
GBPCHF 100000 30.1 0 -1.801667 -8.000167
GBPAUD 100000 30.7 0 -5.880333 -7.7855
GBPNZD 100000 60.4 0 -9.085 -6.466833
NZDCHF 100000 39.7 0 0.180167 -3.499833
NZDJPY 100000 26.6 0 -0.989 -2.752333
AUDCAD 100000 10.0 0 -2.1735 -2.480167
AUDCHF 100000 35.4 0 -0.544333 -3.074333
AUDNZD 100000 34.5 0 -4.101667 -1.725

Minor currency cross pairs

Symbol Lot Size 1 Spread 2 Stop & Limit Swap Long 3 Swap Short 3
USDSGD 4 100000 33.8 0 -3.8295 -5.822833
USDCNH 100000 101.3 0 -16.721 -16.80725
USDHKD 4 100000 23.7 0 -50.753333 10.12
USDDKK 4 100000 282.3 0 1.882167 -32.361
USDNOK 4 100000 834.1 0 -16.9395 -23.302833
USDSEK 4 100000 594.5 0 -17.073667 -25.330667
USDPLN 4 100000 322.0 0 -18.055 -0.437
EURPLN 4 100000 147.7 0 -30.475 7.858333
USDCZK 4 100000 2358.0 0 -113.006667 -77.74
USDTRY 5 100000 129.2 0 -1064.0605 563.017
USDHUF 4 100000 293.3 0 -14.785167 0.605667
USDZAR 5 100000 841.0 0 -389.278833 228.846167
USDMXN 5 100000 219.0 0 -467.333167 254.058
EURZAR 100000 831.0 0 -473.474167 278.319167
USDRUB 6 100000 20.0 0 -1618.878 908.8565
EURRUB 6 100000 255.4 0 -2024.3565 1058.3105
USDILS 5 100000 208.0 0 -6.585667 -11.224
GBPTRY 5 100000 201.0 0 -1046.9715 778.703333
EURSGD 100000 87.1 0 -7.846833 -3.361833
EURHKD 100000 321.8 0 -75.068167 27.090167
EURTRY 5 100000 255.2 0 -860.6715 699.863167
GBPNOK 100000 664.0 0 -39.931833 -43.592667
GBPDKK 100000 672.1 0 -13.217333 -53.5095
NZDSGD 100000 66.2 0 -2.399667 -4.469667
GBPSGD 100000 92.2 0 -5.474 -7.352333
GBPSEK 100000 639.0 0 -42.366 -47.311
GBPZAR 100000 1125.0 0 -493.714167 276.555833
EURMXN 100000 2037.2 0 -583.950833 320.558667

Major currency pairs

Symbol Lot Size 1 Spread 2 Stop & Limit Swap Long 3 Swap Short 3
AUDUSD 100000 12.0 0 -3.810333 -2.944
EURUSD 100000 12.0 0 -4.891333 -0.398667
GBPUSD 100000 12.4 0 -5.083 -4.538667
NZDUSD 100000 12.0 0 -2.158167 -2.706333
USDCAD 100000 12.0 0 -2.392 -4.8415
USDCHF 100000 12.0 0 0.325833 -5.079167
USDJPY 100000 5.0 0 -2.606667 -4.5195

Major cross rates

Symbol Lot Size 1 Spread 2 Stop & Limit Swap Long 3 Swap Short 3
EURCHF 100000 34.3 0 -1.997167 -3.557333
EURGBP 100000 8.1 0 -5.0025 -1.7365
EURJPY 100000 13.1 0 -4.4275 -1.6675
GBPJPY 100000 16.0 0 -4.538667 -6.436167
GBPCAD 100000 50.1 0 -5.320667 -7.59
CHFJPY 100000 42.7 0 -4.849167 -0.713
CADCHF 100000 40.3 0 -0.552 -3.174
NZDCAD 100000 44.5 0 -1.050333 -3.3235
CADJPY 100000 19.8 0 -2.031667 -2.096833
AUDJPY 100000 24.2 0 -1.8055 -2.119833
EURCAD 100000 107.1 0 -5.500833 -1.717333
EURAUD 100000 106.3 0 -6.332667 -1.337833
EURNZD 100000 157.7 0 -8.908667 0.207
GBPCHF 100000 35.5 0 -1.801667 -8.000167
GBPAUD 100000 35.7 0 -5.880333 -7.7855
GBPNZD 100000 64.4 0 -9.085 -6.466833
NZDCHF 100000 45.1 0 0.180167 -3.499833
NZDJPY 100000 30.8 0 -0.989 -2.752333
AUDCAD 100000 13.0 0 -2.1735 -2.480167
AUDCHF 100000 39.0 0 -0.544333 -3.074333
AUDNZD 100000 40.9 0 -4.101667 -1.725

Minor currency cross pairs

Symbol Lot Size 1 Spread 2 Stop & Limit Swap Long 3 Swap Short 3
USDSGD 4 100000 39.2 0 -3.8295 -5.822833
USDCNH 100000 141.3 0 -16.721 -16.80725
USDHKD 4 100000 41.7 0 -50.753333 10.12
USDDKK 4 100000 312.3 0 1.882167 -32.361
USDNOK 4 100000 864.1 0 -16.9395 -23.302833
USDSEK 4 100000 618.5 0 -17.073667 -25.330667
USDPLN 4 100000 338.0 0 -18.055 -0.437
EURPLN 4 100000 167.7 0 -30.475 7.858333
USDCZK 4 100000 2408.0 0 -113.006667 -77.74
USDTRY 5 100000 169.2 0 -1064.0605 563.017
USDHUF 4 100000 296.9 0 -14.785167 0.605667
USDZAR 5 100000 911.0 0 -389.278833 228.846167
USDMXN 5 100000 319.0 0 -467.333167 254.058
EURZAR 100000 911.0 0 -473.474167 278.319167
USDRUB 6 100000 550.0 0 -1618.878 908.8565
EURRUB 6 100000 708.0 0 -2024.3565 1058.3105
USDILS 5 100000 228.0 0 -6.585667 -11.224
GBPTRY 5 100000 241.0 0 -1046.9715 778.703333
EURSGD 100000 94.3 0 -7.846833 -3.361833
EURHKD 100000 371.8 0 -75.068167 27.090167
EURTRY 5 100000 305.2 0 -860.6715 699.863167
GBPNOK 100000 704.0 0 -39.931833 -43.592667
GBPDKK 100000 712.1 0 -13.217333 -53.5095
NZDSGD 100000 74.6 0 -2.399667 -4.469667
GBPSGD 100000 100.2 0 -5.474 -7.352333
GBPSEK 100000 679.0 0 -42.366 -47.311
GBPZAR 100000 1185.0 0 -493.714167 276.555833
EURMXN 100000 2097.2 0 -583.950833 320.558667

Major currency pairs

Symbol Lot Size 1 Spread 2 Stop & Limit Swap Long 3 Swap Short 3
AUDUSD 100000 12.0 0 -3.810333 -2.944
EURUSD 100000 12.0 0 -4.891333 -0.398667
GBPUSD 100000 12.4 0 -5.083 -4.538667
NZDUSD 100000 12.0 0 -2.158167 -2.706333
USDCAD 100000 12.0 0 -2.392 -4.8415
USDCHF 100000 12.0 0 0.325833 -5.079167
USDJPY 100000 5.0 0 -2.606667 -4.5195

Major cross rates

Symbol Lot Size 1 Spread 2 Stop & Limit Swap Long 3 Swap Short 3
EURCHF 100000 34.3 0 -1.997167 -3.557333
EURGBP 100000 8.1 0 -5.0025 -1.7365
EURJPY 100000 13.1 0 -4.4275 -1.6675
GBPJPY 100000 16.0 0 -4.538667 -6.436167
GBPCAD 100000 50.1 0 -5.320667 -7.59
CHFJPY 100000 42.7 0 -4.849167 -0.713
CADCHF 100000 40.3 0 -0.552 -3.174
NZDCAD 100000 44.5 0 -1.050333 -3.3235
CADJPY 100000 19.8 0 -2.031667 -2.096833
AUDJPY 100000 24.2 0 -1.8055 -2.119833
EURCAD 100000 107.1 0 -5.500833 -1.717333
EURAUD 100000 106.3 0 -6.332667 -1.337833
EURNZD 100000 157.7 0 -8.908667 0.207
GBPCHF 100000 35.5 0 -1.801667 -8.000167
GBPAUD 100000 35.7 0 -5.880333 -7.7855
GBPNZD 100000 64.4 0 -9.085 -6.466833
NZDCHF 100000 45.1 0 0.180167 -3.499833
NZDJPY 100000 30.8 0 -0.989 -2.752333
AUDCAD 100000 13.0 0 -2.1735 -2.480167
AUDCHF 100000 39.0 0 -0.544333 -3.074333
AUDNZD 100000 40.9 0 -4.101667 -1.725

Minor currency cross pairs

Symbol Lot Size 1 Spread 2 Stop & Limit Swap Long 3 Swap Short 3
USDSGD 4 100000 39.2 0 -3.8295 -5.822833
USDCNH 100000 141.3 0 -16.721 -16.80725
USDHKD 4 100000 41.7 0 -50.753333 10.12
USDDKK 4 100000 312.3 0 1.882167 -32.361
USDNOK 4 100000 864.1 0 -16.9395 -23.302833
USDSEK 4 100000 618.5 0 -17.073667 -25.330667
USDPLN 4 100000 338.0 0 -18.055 -0.437
EURPLN 4 100000 167.7 0 -30.475 7.858333
USDCZK 4 100000 2408.0 0 -113.006667 -77.74
USDTRY 5 100000 169.2 0 -1064.0605 563.017
USDHUF 4 100000 296.9 0 -14.785167 0.605667
USDZAR 5 100000 911.0 0 -389.278833 228.846167
USDMXN 5 100000 319.0 0 -467.333167 254.058
EURZAR 100000 911.0 0 -473.474167 278.319167
USDRUB 6 100000 550.0 0 -1618.878 908.8565
EURRUB 6 100000 708.0 0 -2024.3565 1058.3105
USDILS 5 100000 228.0 0 -6.585667 -11.224
GBPTRY 5 100000 241.0 0 -1046.9715 778.703333
EURSGD 100000 94.3 0 -7.846833 -3.361833
EURHKD 100000 371.8 0 -75.068167 27.090167
EURTRY 5 100000 305.2 0 -860.6715 699.863167
GBPNOK 100000 704.0 0 -39.931833 -43.592667
GBPDKK 100000 712.1 0 -13.217333 -53.5095
NZDSGD 100000 74.6 0 -2.399667 -4.469667
GBPSGD 100000 100.2 0 -5.474 -7.352333
GBPSEK 100000 679.0 0 -42.366 -47.311
GBPZAR 100000 1185.0 0 -493.714167 276.555833
EURMXN 100000 2097.2 0 -583.950833 320.558667
  • 1. One standard (full) lot size in the quoted currency is indicated. For example, for the EURUSD currency pair, 1 lot size is equal to 100.000 Euros for CLASSIC accounts, and to 100,000 eurocents for CENT accounts.
  • 2. Spreads and swaps are indicated according to the current market conditions (data is recorded in the table, straight from the trading server, and is updated in real time). The LiteForex has the right to change spreads and swaps according to current market conditions, depending on the volatility of one or another financial instrument and/or interest rate size, when such changes are required.
  • 3. Swaps are calculated at 00:00 terminal time of each working day: triple swaps are calculated on the night from Wednesday to Thursday.
  • 4. Margin requirements for USDTRY, EURTRY, USDZAR, USDMXN, USDDKK, USDNOK, USDSEK, USDSGD, USDCZK, USDHKD, USDHUF, EURPLN, USDPLN are 5 times higher.
  • 5. Trading schedule for USDRUB, EURRUB instruments: 09:00 – 17:45 GMT+3.

Risk Warning: Trading on financial markets carries risks. Contracts for Difference (‘CFDs’) are complex financial products that are traded on margin. Trading CFDs carries a high level of risk since leverage can work both to your advantage and disadvantage. As a result, CFDs may not be suitable for all investors because you may lose all your invested capital. You should not risk more than you are prepared to lose. Before deciding to trade, you need to ensure that you understand the risks involved and taking into account your investment objectives and level of experience. Click here for our full Risk Disclosure.

The website is owned by Liteforex group of companies.

LiteForex Investments Limited registered in the Marshall Islands (registration number 63888) and regulated in accordance with Marshall Islands Business Corporation Act. The Company’s address: Ajeltake Road, Ajeltake Island, Majuro, Marshall Islands MH96960. Email: [email protected]

Liteforex Investments Limited does not provide service to residents of the EEA countries, USA, Israel, and Japan.

What Are the Major Forex Currency Pairs

At this point, you might already have the idea that foreign exchange rates are being cited in pairs. In addition, the currencies that are being referenced by these pairs are one of the important things you should comprehend as a Forex trader. Whether you are planning to take your first step on your first trade or being an experienced trader understand these major Forex currency pairs will serve you well in your journey as a trader.

Let’s dive deeper to understand the major Forex currency pairs…

Key Concept: The Major Forex Currency Pairs

If you are trading Forex, even as a beginner, you will, sooner or later, come across this term called “The Majors.” Basically, the Majors are the World’s most heavily traded currencies and they are EUR (Euro), USD (US Dollar), JPY (Japanese Yen), GBP (Great British Pound), AUD (Australian Dollar), and lastly CHF (Swiss Franc).

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What Are the Major Forex Currency Pairs

Each of these Major Currency has a symbol which is very much alike to stocks except that these are Forex currencies. At the same time, just like some stocks (IBM for Big Blue as an example), these heavily traded currencies have nicknames as well. While it is really not quite important that you know the nicknames, it come in good reference because experience traders often use these nicknames when talking about these major currencies.

Below are the nicknames for each currencies…

Australian Dollar (AUD) = Aussie (what’s up mate!)
Canadian Dollar (CAD) = Loonie (Not the same a Lonnie Tunes)
Swiss Franc (CHF) = Swissy (Certainly not sissy at all)
Euro (EUR) = Euro (that’s not really a nickname lol)
Great Britain Pounds (GBP) = Cable (has an interesting history why it’s called Cable)
Japanese Yen (JPY) = Yen (no nickname here too)
New Zealand Dollar (NZD) = Kiwi (like the fruit)
American Dollar (USD) = Buck (we all know it’s green in color)

So what are the Major Forex Currency Pairs?

You get a Major Forex Currency Pair when you pair any of these majors against the USD (yep, that’s the big brother…you probably know anyways). So when you pair a major currency, for example GBP, against USD, you get a major Forex currency pair in GBPUSD. Since there are 8 major currencies, when you pair all of them up against the USD, you naturally get 7 Major Forex Currency Pairs and each of them has their own combo nicknames now.

AUDUSD = Aussie Dollar
USDCAD = Dollar Lonnie
USDCHF = Dollar Swissy
EURUSD = Euro Dollar
GBPUSD = Pound Dollar
USDJPY = Dollar Yen
NZDUSD = Kiwi Dollar

Major Forex Currency Pairs Make Up 72% of Forex Trading Volume
Courtesy: dailypriceaction.com

These are the most traded and most liquid pairs available. For us, we trade only these Major Forex pairs because the liquidity of these pairs created very tight spread which is good for us as traders. Our recommendation if you want to be in the trading business in the long haul is to trade only these 7 Forex pairs. In fact, we usually trade only EURUSD and GBPUSD. We might dabble with the other but our focus is EURUSD and GBPUSD. We just love the tight spreads as it allows just to get in and out fast without losing out to wide market bid/ask. We suggest you do the same…

Trade Major Forex Pairs, or Minors?

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Types of Forex Currency Pairs: Majors v Minors v Exotic v Currency Crosses

You may have heard traders discussing the ‘majors’ or maybe even saw someone talk about shorting an ‘exotic’ forex currency pair. No they weren’t talking about a soldier trading from an exotic beach while sunbathing naked (zing!) on the sand, they were actually talking about the different types of forex currency pairs that are available!

The Majors are typically the most traded currencies, paired with the USD, although some traders may refer to any forex currency pair featuring the USD as one of the majors. The majors are the most actively traded forex pairs which means they most liquid. This increased liquidity means that forex brokers such as Vantage FX can offer tighter spreads between the bid and ask price on the majors. Here are the average RAW ECN spreads to look out for:

EUR/USD – 0.1 pips.
USD/JPY – 0.5 pips.
GBP/USD – 0.6 pips.
AUD/USD – 0.4 pips.

The Minors are normally referring to any of the remaining, non USD forex currency pairs. These slightly less popular pairs often experience more wild swings in both directions due to less liquidity in the market. This also means that their spreads are often wider than those of the majors. Here are the average RAW ECN spreads to look out for:

EUR/JPY – 2.1 pips.
EUR/GBP – 3.5 pips.
GBP/CHF – 3.3 pips.
AUD/NZD – 1.4 pips.

What about The Currency Crosses? Once again, the forex currency crosses are just another example of the minors where USD is no longer required to complete the trade. Historically you see, anyone who needed to trade one currency for another would first have to convert their original sum into USD. The currency crosses were first developed to bypass the step of first having to go to USD. While that sounds normal today, at the time this was ground breaking in its business functionality. Examples of a currency cross with RAW ECN spreads would be:

GBP/JPY – 3.1 pips.
EUR/AUD – 2.7 pips.

And finally, sometimes you may also see some of the minors referred to as The Exotics. This just simply means that the currency pair is something that is rarely traded or spoken about in mainstream financial circles. An example of some of the forex currency pairs that could be considered as exotics with RAW ECN spreads are here:

The characteristics of both majors and minors are different and the personalities of the currency pairs that you are trading have to be taken into account when you are determining the pairs on which to employ your trading strategy on.

Maybe the wider spreads on GBP/CHF might prohibit you from effectively scalping the pair? But at the same time, maybe the big moves might be much more effective for you as a swing trader? These are all things to consider when building your trading plan and deciding on which forex currency pairs to trade.

Test the 45 forex currency pairs that Vantage FX offers on a free MT4 demo account and test your trading strategy on different pairs.

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