Discussion in 'General Trading Discussion' started by Jack Smith, Nov 10, 2017.
Each currency pair is essentially the economy of a country. This means that managing a currency pair can be extraordinarily complex, because you’re really dealing with two major economies
When it comes to major currency pairs, four currencies come to mind; USD, EUR, GBP and JPY. These are four major economies in the world that you must watch out for. Well, it is not easy to keep tabs on all Four. So, you must focus on one or two. If you focus on the USD, you will have an edge over currencies paired with the USD.
The “major” Forex currency pairs are the major countries that are paired with the U.S. dollar are EUR/USD,GBP/USD,AUD/USD ,NZD/USD.
What I recommend is that a trader should open a small forex account or choose a broker that will allow you to do small trades. Small trades will allow you to bear a little risk if you make mistakes or lose money. This method will give learning to a trader far more than anything that they can read on a site or any kind of forex trading forum.
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