Forex Currency Pairs: Majors, Crosses, and Exotics

[gamser]

Hey everyone! I’m relatively new to Forex trading and am trying to understand the different types of currency pairs. I’ve heard terms like “majors,” “crosses,” and “exotics” thrown around a lot. Can someone explain what these terms mean and how they differ from each other? Also, are there any particular pairs you prefer trading?

 

[tremet]

Hey! Welcome to Forex trading! Here’s a quick breakdown: “**Majors**” are the most traded pairs, usually involving the USD (like EUR/USD). “**Crosses**” are pairs that don’t involve the USD, like EUR/GBP. “**Exotics**” are less commonly traded pairs, often involving emerging market currencies (like USD/TRY). Some traders prefer majors for their liquidity and tighter spreads. You can learn more about these categories https://forextester.com/blog/understanding-forex-currency-pairs Happy trading!

 

[niklaus]

New to Forex? Buckle up! 'Majors' like EUR/USD are popular for stability. 'Crosses' (EUR/GBP) ditch the USD. 'Exotics' (USD/TRY) are for the adventurous. Learn more & choose your pair!