Page 10 - WHAT IS FOREX (2)_Neat
P. 10
10
Major and Minor Currency Pairs (The Core of Forex Trading)
Currencies are always traded in pairs, because in Forex, you’re
buying one currency and selling another at the same time.
For example, when you buy EUR/USD, you’re buying the Euro
and selling the US Dollar. Each pair tells a story about the relative
strength of two economies. The base currency is always the first
currency in a forex pair, while the quote currency is the second
currency like in EUR/USD the Euro is Base currency and the
Dollar is the quote currency.When one rises, the other usually
falls-it’s a constant battle between nations, central banks, and
global money flow.
1. Major Currency Pairs
The major pairs are the most traded currency combinations in the
world. They all include the U.S. Dollar (USD), because it is the
world’s reserve currency-used for global trade, oil, gold, and
almost all international settlements.
These pairs are known for their high liquidity, low spreads, and
strong market movement, which makes them ideal for beginners
and professionals alike.
List of Major Pairs:
● EUR/USD ( EURO VS US DOLLAR )

