Currency Pairs - Deepstash

Currency Pairs

Forex trading is the simultaneous buying of 1 currency and selling of another.

When you trade in the forex market, you buy or sell in currency pairs through a “forex broker” or “CFD provider”.

An exchange rate is the relative price of 2 currencies from 2 different countries and it fluctuates based on which currency is stronger at the moment.

Categories of currency pairs:

  • The “major pairs": always include the USD
  • The “cross/minor pairs“: do NOT include the USD. Crosses that involve any of the major currencies
  • The “exotic pairs“: consist of 1 major currency and 1 currency from an emerging market (EM).

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