What is Major in Forex Trading?
In the forex market, the excessively traded currency pairs are referred to as MAJOR. The main motive behind this is to gain maximum profits in the Forex industry. There are many currency pairs available to trade world-wide, but the major currency pairs that are traded mostly in the foreign market are:
EUP/USD - The Euro and the American Dollar.
USD/JPY - The American Dollar and the Japanese Yen.
GBP/USD - The British Pound Sterling and The American Dollar.
AUD/USD - The Australian Dollar and the American Dollar.
USD/CAD - The American Dollar and the Canadian Dollar.
NZD/USD - The NewZealand Dollar and The American Dollar.
In all the above major currency pairs, the American Dollar (USD) holds the current position as it is the world’s most powerful economy.