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!

 

[ColonelWickham]

Yeah, I also think that Forex trading has much potential these days, when it comes to investment in general. What really interests me, whether you just trade on your own, use proven strategies from experienced users or trust your trading to bots. Sorry for so many seemingly silly questions, but I am new to this. I found Forex CFD and want to try it out, but I guess I need to ask for peer opinions too.