Which currency pairs are most commonly traded in forex trading?
The most traded currency pairs in forex trading are known as "majors," and they are as follows:
- EUR/USD (Euro/United States Dollar)
- USD/JPY (United States Dollar/Japanese Yen)
- GBP/USD (British Pound/United States Dollar)
- USD/CHF (United States Dollar/Swiss Franc)
- AUD/USD (Australian Dollar/United States Dollar)
- USD/CAD (United States Dollar/Canadian Dollar)
- NZD/USD (New Zealand Dollar/United States Dollar)
These forex pairs are the most liquid and have the highest trading volumes. Traders frequently concentrate on these pairs because they have tighter spreads and lower volatility than other currency pairs. However, there are numerous other currency pairs available for trading, and some traders prefer to concentrate on less traded pairs in order to capitalise on potential opportunities.
"EUR/USD (Euro/United States Dollar) is profitable?"
The profitability of EUR/USD is determined by a variety of factors, including market conditions, economic indicators, political events, and the trader's trading strategy. With high liquidity and relatively low spreads, EUR/USD is one of the most popular and heavily traded currency pairs in the forex market. This makes it an appealing pair for traders looking to profit from short-term price movements.
Nonetheless, like all currency pairings, the EUR/USD is volatile and can see dramatic price movements owing to a variety of variables such as interest rate changes, geopolitical events, or economic data releases. Consequently, traders need to have a thorough grasp of the market and a sound trading strategy to profit from trading this pair.
To summarise, whether the EUR/USD is lucrative or not is determined by a variety of factors, and traders must undertake extensive research and analysis to find prospective trading opportunities and carefully manage their risk.
- USD/JPY (United States Dollar/Japanese Yen)

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