If you have a look at the currencies available to trade via your chosen forex broker you will probably come across lots of different currencies you can trade, some of them quite obscure. However most traders ignore a lot of these smaller currency pairs and focus on the most popular pairs as these conform the best to technical analysis as well as having the tightest spreads.
The most popular currencies are the USD, EUR, GBP, JPY, CAD, CHF, AUD and NZD, and the most traded currency pairs are as follows:
- EUR/USD- USD/JPY- GBP/USD- USD/CAD- AUD/USD- USD/CHF- EUR/JPY- GBP/JPY
I personally only tend to focus on the top three pairs in this list as they give me the most success, although I sometimes trade the GBP/JPY as well. The trick is to find those pairs that give you the most profits from your preferred trading method.
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