While Forex traders offer a huge number of different pairs of currencies, if you're a beginner, you will probably be easier to start with the following major currency pairs:
EUR / USD
GBP / USD
USD / JPY.
In favor of the Currency said several arguments:
1. Paramedic data exchange traded around the world, thus providing liquidity necessary to benefit from price fluctuations.
2. They have a small spread (the difference between the prices of buying and selling foreign currency), except for a pair GBP / USD, which in most cases receive a higher quote from Forex brokers, as it is more unstable (ie, the difference in the price of this pair may be more than in the rest)
3. All of these currencies are sold or purchased for the U.S. dollar, which automatically implies that the most appropriate time for trading activity will be a session, the New York Stock Exchange - a session with the greatest volume of trading.
4. And finally, there are many trading systems,online Forex trading currency, which are designed to work precisely with the data pairs.
What currency pairs should be avoided? You need to avoid the exotic and the unknown currencies, as well as for successful trade you will need additional, profound knowledge.
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