12 Top Pair Currencies – What Are They And How Can You Profit From Them?
US Dollar / Canadian Dollar (Loonie)
American Dollar / Swiss Franc (Swizzy)
United States Dollar / US Dollar (Kiwi)
Other. This makes them better to use in trades as they trend. The best currencies for trade are those of the countries that are the main protagonists of the world economy (these are called “G7” countries). The G7 was formed in 1976, when Canada joined the Group of Six: France, Germany, Italy, Japan, the United Kingdom and the United States.
You will see that the spread in the “ Main pairs ” of the G7 is much smaller than in less popular pairs of weak countries with chronic economic and political instability. Example: The spread in the EUR / USD is between 1.5 and 3 pips because the main countries that make up the Euro and the United States are the G7 countries.
Let’s take South Africa, for example. I think Nelson Mandela is a really nice guy. His story is a classic “ Think and Grow Rich ” example of a greater definitive purpose and definite desire to have transmuted his dream into reality. But I DO NOT trust the WACKO government that has evolved from hatred not only of whites against blacks (apartheid) but also of blacks against whites. The change has happened too quickly in South Africa, and so it is now an unstable political economy of the Third World. The law of equal or greater benefit will come from the political economic tragedy that is South Africa, but it will be in the future as I write this.
So the spread in the USD / ZAR pair is around
The safest place to learn Forex trading is in the EUR / USD pair where a total of 1/3 of all Forex trades occur. So, once you know what you are doing, you can venture into other peers in the list below. For example, there are some CROSS COUNTS that are also good for trading. So when we add the two strongest CROSSES and delete the two weaker MAJORS from your list of TRADABLES above, here is an alternative trading group:
USD / JPY
USD / CAD
EUR / USD
GBP / USD
AUD / USD
There are many official currencies that are used all over the world, but there are only a handful of currencies that are traded actively in the Forex market. In currency trading, only the most economically and politically stable countries have currencies that are traded enough to be liquid. For example, because of the size and strength of the United States economy, the US dollar is the most traded currency in the world.