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You’re probably here because you want to learn how to trade forex pairs.
Well, I have the perfect solution for you.
It’s a 28 major forex pairs list, so you can simply copy and paste this to add all of these pairs to your trading platform.
It covers the major pairs of forex including USD/JPY, EUR/USD, USD/CHF, GBP/USD, AUD/USD, NZD/USD, EUR/CAD, GBP/CAD, and many more.
That way, you’ll never miss a single opportunity.
Let’s get started.
What are Forex Majors and Minors?
Strange terminology indeed!
When you think about it there are over 180 currencies to exchange too.
Every country requires exchanging currencies from one to another.
However, lucky for you that the market’s don’t speculate on all 180 currencies…
Instead, they are narrowed down to a basket between 40-70 forex pairs offered by the broker.
Ok, so why are they called majors in forex trading?
Not all of the forex pairs are in the major’s bracket.
The currency majors and minors (plus exotic forex pairs) are categorised by popularity and liquidity.
The majors are the most commonly traded currency pairs globally.
These are the cheapest and have the fastest execution to market plus pricing tends to be less volatile.
How Many Forex Pairs Are There
In reality, there are over 2,300 forex pairs which include all possible crosses with majors, minors and exotics. You’ll only ever see about 5% of these on a trading platform because the other 95% are really illiquid.
According to ICE data from Tradingview.com, there are over 2,300 forex pairs that you could in theory trade.
However, due to the niche of most of the world currencies, brokers only provide data for around 115 fx pairs.
Later on, I’ll share with you the top 28 fx major pairs for you to trade from.
What Are Currency Majors Pairs?
Major pairs are the most liquid of all currency pairs. They are also the most popular because they are used in almost every type of trading.
You will also see these pairs referred to as “the majors” or “the Big Four”. The most widely traded currencies are USD, EUR, GBP, and JPY. These four currencies are known as the majors.
If you’re new to trading, we recommend learning more about major pairs to get a better understanding of what you’re up against!
The 28 Major Forex Pairs List
This is the list of all major forex pairs available for trading on the Forex market.
These are all the possible crosses for each major currency.
Typically, these are the main forex pairs you would be trading on a day-to-day basis.
If we expanded into exotic currency pairs, there would be over 100 variations.
There is an abundance of opportunities trading the majors or exotic currency pairs but it is best to stay focused on the currency majors because they have more liquidity, less sharp movements and are cheaper to trade (lower spreads).
With that being said, the major pairs list contains the following currency pairs:
Australian Dollar Major Currency Pairs
- AUD/CAD
- AUD/CHF
- AUD/JPY
- AUD/NZD
- AUD/USD
- EUR/AUD
- GBP/AUD
Canadian Dollar Major Currency Pairs
- AUD/CAD
- CAD/CHF
- CAD/JPY
- EUR/CAD
- GBP/CAD
- NZD/CAD
- USD/CAD
Swiss Franc Currency Pairs
- AUD/CHF
- CAD/CHF
- CHF/JPY
- EUR/CHF
- GBP/CHF
- NZD/CHF
- USD/CHF
Euro Currency Pairs
- EUR/AUD
- EUR/CAD
- EUR/CHF
- EUR/GBP
- EUR/JPY
- EUR/NZD
- EUR/USD
British Pound Major Currency Pairs
- GBP/AUD
- GBP/CAD
- GBP/CHF
- GBP/JPY
- GBP/NZD
- GBP/USD
- EUR/GBP
New Zealand Dollar Pairs
- NZD/CAD
- NZD/CHF
- NZD/JPY
- NDZ/USD
- AUD/NZD
- EUR/NZD
- GBP/NZD
Japanese Yen Major Currency Pairs
- AUD/JPY
- CAD/JPY
- CHF/JPY
- EUR/JPY
- GBP/JPY
- NZD/JPY
- USD/JPY
United States Dollar Major Currency Pairs
- AUD/USD
- EUR/USD
- GBP/USD
- NZD/USD
- USD/CAD
- USD/CHF
- USD/JPY
The 7 Forex Major Pairs
There are 7 forex majors, which are:
The global economy is dependent on the highs and lows of different country-specific currencies and their importance.
1. The Euro/Dollar (EUR/USD)
The EURUSD is the most traded currency pair due to its widened appeal with the EUR and USD.
High-impacting announcements from the European Central Bank and the US Federal Reserve will impact the currency pair.
2. The Dollar/Japanese Yen (USD/JPY)
What makes the USD/JPY a major pair is that Japan is one of the largest net exporters in the world, which means huge volumes of businesses would exchange into and from the Japanese Yen.
3. The British Pound Sterling/US Dollar (GBP/USD)
The GBP/USD is one of the most traded pairs thanks to the volume of business between the United States and the United Kingdom.
You may see this pair referred to as Cable. This was because there was a large cable that ran across the floor of the Atlantic Ocean that connected the UK and the US.
4. The US Dollar/Swiss Franc (USD/CHF)
The USD/CHF is referred to as the Swissie most commonly.
The USD/CHF is a safe haven currency which is where investors will put their money when the markets are extremely volatile and uncertain.
5. The Australian Dollar/US Dollar (AUD/USD)
One of a few commodity currency pairs. Also known as the Aussie, Australia is a huge exporter of coal and iron ore. This means that the price is dependent on coal and iron ore prices
6. The US Dollar/Canadian Dollar (USD/CAD)
Another popular commodity pair is the“Loonie.”Canada is also an economy dependent on commodity prices. It has huge reserves of timber, natural gas, and oil.
The Canadian Dollar is another commodity pair and is nicknamed the Loonie. The commodities it exports are oil, natural gas and timber.
7. The New Zealand Dollar/US Dollar (NZD/USD)
Also known as the Kiwi, New Zealand is the largest exporter of dairy-based products, which means that if milk prices rise, theNZDUSD tends to follow.
The Minor Forex Pairs
Next up is the minors, which are different crosses of currency pairs that are less popular but are still liquid and tradeable.
However, the minors tend to be slightly more expensive to trade and can tend to be more volatile.
To some, more experienced traders would see minors as a better option as they tend to react to technical analysis slightly better.
So the minors are basically currency’s paired with non-USD.
These are the forex minors, which are:
Euro Minor Crosses
EUR/CHF Euro-Zone / Switzerland
EUR/GBP Euro-Zone / United Kingdom
EUR/CAD Euro-Zone / Canada
EUR/AUD Euro-Zone / Australia
EUR/NZD Euro-Zone / New Zealand
EUR/JPY Euro-Zone / Japan
Great British Pound Minor Crosses
EUR/GBP Euro-Zone / United Kingdom
GBP/JPY United Kingdom / Japan
GBP/CHF United Kingdom / Switzerland
GBP/AUD United Kingdom / Australia
GBP/CAD United Kingdom / Canada
GBP/NZD United Kingdom / New Zealand
Japanese Yen Minor Crosses
EUR/JPY Euro-Zone / Japan
GBP/JPY United Kingdom / Japan
CHF/JPY Switzerland / Japan
CAD/JPY Canada / Japan
AUD/JPY Australia / Japan
NZD/JPY New Zealand / Japan
Different Minor Crosses
AUD/CHF Australia / Switzerland
AUD/CAD Australia / Canada
AUD/NZD Australia / New Zealand
CAD/CHF Canada / Switzerland
NZD/CHF New Zealand / Switzerland
NZD/CAD New Zealand / Canada
The Exotic Forex Pairs
Lastly, the exotic pairs.
These are a basket of currency pairs from emerging markets.
The exotic pairs tend to have the widest spreads, thinnest liquidities but can be the least volatile compared to the others.
There are exotic pairs, which are:
USD/HKD United States / Hong Kong
USD/SGD United States / Singapore
USD/ZAR United States / South Africa
USD/THB United States / Thailand
USD/MXN United States / Mexico
USD/DKK United States / Denmark
USD/SEK United States / Sweden
USD/NOK United States / Norway
USD/INR United States / India
GBP/INR United Kingdom / India
Which Forex Pairs to Trade?
This is a difficult question, it’s kind of like which car should you drive – everyone has their preferences.
The majors are the cheapest to trade due to the sheer volume traded each day. To find out what you should trade is by simply loading up a platform and going through each currency pair and figuring out whether or not it fits your trading style.
Even though it is a 24-hour market, 5 days a week, it is usually better to trade currency pairs in your time zone – this is due to liquidity and cheaper pricing again.
You may even want to take note of forex pairs that correlate as this could also give you an added benefit.
All of this is a preference to you.
There is no right or wrong way of investing YOUR money in forex trading for beginners.
Over time, you will learn everything about the currency pair, how it reacts to news, price action etc. – so everything is learnable.
Conclusion: The Complete 28 Major Forex Pairs List
If you’re interested in trading foreign exchange, you’ll need to understand the forex market, the global economy, the world’s currencies and their relationships to one another.
With this comprehensive list of 28 major forex pairs, you’ll know exactly which pairs to watch, trade and invest in.
This is the perfect guide to learn more about the forex market.
If you found this article helpful, you should check out some of the other articles below:
Insights, advice, suggestions, feedback and comments from experts
Introduction
I'm a knowledgeable expert in the field of forex trading, with a deep understanding of the forex market, currency pairs, and their dynamics. My expertise is demonstrated through a comprehensive understanding of the major, minor, and exotic forex pairs, as well as the factors that influence their trading. I have a thorough grasp of the global economy, the relationships between different currencies, and the impact of economic events on currency pairs.
Forex Pairs Concepts
Forex Majors and Minors The forex market consists of major, minor, and exotic currency pairs. Major pairs are the most commonly traded and include currencies such as USD, EUR, GBP, and JPY. They are characterized by high liquidity and are less volatile. Minor pairs, on the other hand, are less popular but still liquid and tradeable. They tend to be slightly more expensive to trade and can be more volatile. Exotic pairs are a basket of currency pairs from emerging markets, characterized by wider spreads and thinner liquidities.
Number of Forex Pairs There are over 2,300 forex pairs, including majors, minors, and exotics. However, trading platforms typically offer data for around 115 forex pairs due to the liquidity and popularity of certain pairs.
Currency Majors and Pairs The major forex pairs include the most liquid and popular currency pairs, such as USD/JPY, EUR/USD, USD/CHF, GBP/USD, AUD/USD, NZD/USD, EUR/CAD, and GBP/CAD. These pairs are widely traded and offer abundant trading opportunities.
Forex Major Pairs List The major pairs list contains 28 currency pairs, including Australian Dollar Major Currency Pairs, Canadian Dollar Major Currency Pairs, Swiss Franc Currency Pairs, Euro Currency Pairs, British Pound Major Currency Pairs, New Zealand Dollar Pairs, Japanese Yen Major Currency Pairs, and United States Dollar Major Currency Pairs.
The 7 Forex Major Pairs The 7 forex majors are EUR/USD, USD/JPY, GBP/USD, USD/CHF, AUD/USD, USD/CAD, and NZD/USD. These pairs are crucial to the global economy and are widely traded due to their significance in international trade and finance.
Minor Forex Pairs Minor pairs are different crosses of currency pairs that are less popular but still liquid and tradeable. They tend to be slightly more expensive to trade and can be more volatile. Examples of minor pairs include Euro Minor Crosses, Great British Pound Minor Crosses, Japanese Yen Minor Crosses, and Different Minor Crosses.
Exotic Forex Pairs Exotic pairs consist of currency pairs from emerging markets and tend to have wider spreads and thinner liquidities. Examples of exotic pairs include USD/HKD, USD/SGD, USD/ZAR, USD/THB, USD/MXN, USD/DKK, USD/SEK, USD/NOK, USD/INR, and GBP/INR.
Choosing Forex Pairs to Trade The choice of forex pairs to trade depends on individual preferences and trading styles. Major pairs are often preferred due to their high liquidity and lower spreads. Traders should consider factors such as liquidity, pricing, time zone, and correlation between currency pairs when selecting pairs to trade.
Conclusion
Understanding the forex market and the dynamics of different currency pairs is essential for successful trading. The comprehensive list of 28 major forex pairs provides valuable insights for traders looking to understand, watch, trade, and invest in the forex market.
I hope this information provides a clear understanding of the concepts related to forex pairs and assists you in your trading endeavors. If you have any further questions or need more detailed information on any specific aspect, feel free to ask!
