Types of Forex currency pairs
Currency pairs - two currencies between which trade transactions are carried out on the market.
The relationship of currencies in a pair depends on the rate. So, the base currency is the one that is bought or sold. In the designation of a currency pair, the base currency is always indicated first. Quote currency - the way in which the price of the base currency is expressed. In the designation of a currency pair, the quoted currency is always indicated as the second one.
Currency pairs are divided into groups according to profitability and volatility. Roughly speaking - by popularity.
Majors.
Currency pairs in which the US dollar participates, and the second currency is the national currency of highly developed countries.
Cross-courses.
Currency pairs in which the ratio of currencies is determined by their rate in relation to a third currency (usually the same - the dollar).
Exotic.
Currency pairs in which the dollar (or euro) and national currencies of developing countries are related.
Exotic pairs are among the most difficult to trade as they have low liquidity. The volume of transactions for these pairs is relatively small. Beginners are not advised to work with them.
-------------------
Share your opinion in the comments and support the idea with likes.
Thank you for your support!
The relationship of currencies in a pair depends on the rate. So, the base currency is the one that is bought or sold. In the designation of a currency pair, the base currency is always indicated first. Quote currency - the way in which the price of the base currency is expressed. In the designation of a currency pair, the quoted currency is always indicated as the second one.
Currency pairs are divided into groups according to profitability and volatility. Roughly speaking - by popularity.
Majors.
Currency pairs in which the US dollar participates, and the second currency is the national currency of highly developed countries.
Cross-courses.
Currency pairs in which the ratio of currencies is determined by their rate in relation to a third currency (usually the same - the dollar).
Exotic.
Currency pairs in which the dollar (or euro) and national currencies of developing countries are related.
Exotic pairs are among the most difficult to trade as they have low liquidity. The volume of transactions for these pairs is relatively small. Beginners are not advised to work with them.
-------------------
Share your opinion in the comments and support the idea with likes.
Thank you for your support!
🚀TOP 1 broker🚀
bit.ly/3spSQqC
🔻FREE Telegram channel🔻
t.me/DeGRAMChannel
🔻Contact for Paid SIGNALS🔻
t.me/DeGRAMForex
bit.ly/3spSQqC
🔻FREE Telegram channel🔻
t.me/DeGRAMChannel
🔻Contact for Paid SIGNALS🔻
t.me/DeGRAMForex
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.