sknabi
2023-07-19, 05:17 PM
Major currency pairs in Forex refer to the most traded and liquid currency pairs globally. They include EUR/USD (Euro/US Dollar), GBP/USD (British Pound/US Dollar), USD/JPY (US Dollar/Japanese Yen), USD/CHF (US Dollar/Swiss Franc), and USD/CAD (US Dollar/Canadian Dollar). These pairs account for a significant portion of daily trading volume due to the economic importance of the respective countries and their currencies. Major currency pairs are preferred by traders for their tight spreads and high liquidity, ensuring ease of execution and reduced transaction costs. As a result, they attract both institutional and retail traders, making them fundamental components of any Forex trading strategy.