{"id":6507,"date":"2019-03-08T08:15:37","date_gmt":"2019-03-08T08:15:37","guid":{"rendered":"https:\/\/www.wasteyourtime.co\/?p=6507"},"modified":"2020-03-25T14:17:05","modified_gmt":"2020-03-25T14:17:05","slug":"popular-currencies-trading","status":"publish","type":"post","link":"https:\/\/traders-paradise.com\/magazine\/2019\/03\/popular-currencies-trading\/","title":{"rendered":"Most Popular Currencies for Trading"},"content":{"rendered":"<h1><\/h1>\n<p style=\"text-align: right;\"><i><span style=\"font-weight: 400;\">3 min read<\/span><\/i><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-6513\" src=\"https:\/\/traders-paradise.com\/magazine\/wp-content\/uploads\/2019\/03\/most-popular-currencies-for-trading-6.jpg\" alt=\"Most Popular Currencies for Trading 5\" width=\"800\" height=\"529\" srcset=\"https:\/\/traders-paradise.com\/magazine\/wp-content\/uploads\/2019\/03\/most-popular-currencies-for-trading-6.jpg 800w, https:\/\/traders-paradise.com\/magazine\/wp-content\/uploads\/2019\/03\/most-popular-currencies-for-trading-6-300x198.jpg 300w, https:\/\/traders-paradise.com\/magazine\/wp-content\/uploads\/2019\/03\/most-popular-currencies-for-trading-6-768x508.jpg 768w, https:\/\/traders-paradise.com\/magazine\/wp-content\/uploads\/2019\/03\/most-popular-currencies-for-trading-6-370x245.jpg 370w, https:\/\/traders-paradise.com\/magazine\/wp-content\/uploads\/2019\/03\/most-popular-currencies-for-trading-6-760x503.jpg 760w, https:\/\/traders-paradise.com\/magazine\/wp-content\/uploads\/2019\/03\/most-popular-currencies-for-trading-6-424x280.jpg 424w\" sizes=\"auto, (max-width: 800px) 100vw, 800px\" \/><\/p>\n<p><span style=\"font-weight: 400;\">The most popular currencies are those with which all forex traders should be familiarized. But, they should know some of the underlying features and\u00a0<a href=\"https:\/\/en.wikipedia.org\/wiki\/Template:Most_traded_currencies\">attributes of each currency.<\/a><\/span><\/p>\n<p><span style=\"font-weight: 400;\">Ok, you already know this.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Forex trading is the synchronous buying of one currency and selling another. Currencies are traded through a broker or dealer and are traded in pairs.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Right?<\/span><\/p>\n<p><span style=\"font-weight: 400;\">For example the euro and the U.S. dollar (EUR\/USD) or the British pound and the Australian dollar (GBP\/AUD).\u00a0\u00a0By the way, they are the most popular currencies.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">So, when you trade in the forex market, you buy or sell in currency pairs.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In Forex market you can trade majors, minors and exotic currency pairs.<\/span><\/p>\n<p>Major currencies are\u00a0the most popular currencies.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_74 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/traders-paradise.com\/magazine\/2019\/03\/popular-currencies-trading\/#Major_Currency_Pairs_and_most_popular_currencies\" >Major Currency Pairs and most popular currencies<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/traders-paradise.com\/magazine\/2019\/03\/popular-currencies-trading\/#Minor_Currency_Pairs\" >Minor Currency Pairs<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/traders-paradise.com\/magazine\/2019\/03\/popular-currencies-trading\/#Most_Popular_Currencies_for_Trading_One_by_One\" >Most Popular Currencies for Trading One by One<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/traders-paradise.com\/magazine\/2019\/03\/popular-currencies-trading\/#The_US_Dollar\" >The US Dollar<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/traders-paradise.com\/magazine\/2019\/03\/popular-currencies-trading\/#The_Euro\" >The Euro<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/traders-paradise.com\/magazine\/2019\/03\/popular-currencies-trading\/#The_Japanese_Yen\" >The Japanese Yen<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/traders-paradise.com\/magazine\/2019\/03\/popular-currencies-trading\/#The_Great_British_Pound\" >The Great British Pound<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/traders-paradise.com\/magazine\/2019\/03\/popular-currencies-trading\/#Exotic_Currencies\" >Exotic Currencies<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/traders-paradise.com\/magazine\/2019\/03\/popular-currencies-trading\/#The_bottom_line\" >The bottom line<\/a><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Major_Currency_Pairs_and_most_popular_currencies\"><\/span><b>Major Currency Pairs and most popular currencies<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">The currency pairs listed below are recognized as the \u201cmajors.\u201d<\/span><\/p>\n<p><span style=\"font-weight: 400;\">These pairs all include the U.S. dollar (USD) on one side and are the most commonly traded.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The majors are the most liquid and\u00a0the most popular currencies.<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-6508\" src=\"https:\/\/traders-paradise.com\/magazine\/wp-content\/uploads\/2019\/03\/most-popular-currencies-for-trading.jpg\" alt=\"Most Popular Currencies for Trading\" width=\"800\" height=\"415\" srcset=\"https:\/\/traders-paradise.com\/magazine\/wp-content\/uploads\/2019\/03\/most-popular-currencies-for-trading.jpg 800w, https:\/\/traders-paradise.com\/magazine\/wp-content\/uploads\/2019\/03\/most-popular-currencies-for-trading-300x156.jpg 300w, https:\/\/traders-paradise.com\/magazine\/wp-content\/uploads\/2019\/03\/most-popular-currencies-for-trading-768x398.jpg 768w, https:\/\/traders-paradise.com\/magazine\/wp-content\/uploads\/2019\/03\/most-popular-currencies-for-trading-370x192.jpg 370w, https:\/\/traders-paradise.com\/magazine\/wp-content\/uploads\/2019\/03\/most-popular-currencies-for-trading-760x394.jpg 760w, https:\/\/traders-paradise.com\/magazine\/wp-content\/uploads\/2019\/03\/most-popular-currencies-for-trading-424x220.jpg 424w\" sizes=\"auto, (max-width: 800px) 100vw, 800px\" \/><\/p>\n<p><span style=\"font-weight: 400;\">But there are also major cross-currency pairs or Minor currency pairs.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Currency pairs that don\u2019t include the U.S. dollar (USD) are recognized as cross-currency pairs or commonly as the \u201ccrosses.\u201d<\/span><br \/>\n<span style=\"font-weight: 400;\">Major crosses are also identified as \u201cminors.\u201d<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The most-traded crosses are obtained from the three major non-USD currencies: EUR, \u00a0GBP, and JPY.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Minor_Currency_Pairs\"><\/span><b>Minor Currency Pairs<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Yes, the major currency pairs make up the majority of the market. But you shouldn\u2019t neglect the minors. The minor currency pairs account for all the other combination of major markets such as EUR\/GBP, EUR\/CHF, and GBP\/JPY.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">With so many options opened, are you asking yourself \u2013 which currencies should you trade? <\/span><\/p>\n<p><span style=\"font-weight: 400;\">A good rule of thumb for traders new to the market is to focus on one or two currency pairs.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Generally, traders will choose to trade the EUR\/USD or USD\/JPY because there are so much information and resources available about the underlying economies. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Hence, these two pairs make up much of the global daily trading volume. <\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Most_Popular_Currencies_for_Trading_One_by_One\"><\/span><b>Most Popular Currencies for Trading One by One<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"The_US_Dollar\"><\/span><b style=\"font-size: 1rem;\">The US Dollar<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-6509 size-full\" src=\"https:\/\/traders-paradise.com\/magazine\/wp-content\/uploads\/2019\/03\/most-popular-currencies-for-trading-2.jpg\" alt=\"banknote\" width=\"800\" height=\"376\" srcset=\"https:\/\/traders-paradise.com\/magazine\/wp-content\/uploads\/2019\/03\/most-popular-currencies-for-trading-2.jpg 800w, https:\/\/traders-paradise.com\/magazine\/wp-content\/uploads\/2019\/03\/most-popular-currencies-for-trading-2-300x141.jpg 300w, https:\/\/traders-paradise.com\/magazine\/wp-content\/uploads\/2019\/03\/most-popular-currencies-for-trading-2-768x361.jpg 768w, https:\/\/traders-paradise.com\/magazine\/wp-content\/uploads\/2019\/03\/most-popular-currencies-for-trading-2-370x174.jpg 370w, https:\/\/traders-paradise.com\/magazine\/wp-content\/uploads\/2019\/03\/most-popular-currencies-for-trading-2-760x357.jpg 760w, https:\/\/traders-paradise.com\/magazine\/wp-content\/uploads\/2019\/03\/most-popular-currencies-for-trading-2-424x199.jpg 424w\" sizes=\"auto, (max-width: 800px) 100vw, 800px\" \/><br \/>\nSo, we just can&#8217;t say it is among the most popular currencies. It is the most popular currency.<\/p>\n<p><span style=\"font-weight: 400;\">The leading is the US dollar, which is the most traded currency on the planet. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">You can find the USD in a pair with all of the other major currencies. It usually acts as the intermediary in trilateral currency purchases. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">This is because the USD acts as the unofficial global reserve currency. Nearly every central bank hold it and, also, every institutional investment organization in the world.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Moreover, due to the U.S. dollar&#8217;s global acceptance, it is used by some countries as an official currency.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">That practice is well-known as dollarization.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The US dollar is also generally accepted in other countries. Its an informal alternative form of payment, but at the same time, that countries keep their official local currency.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The US dollar is also an important factor in the foreign exchange rate market for other currencies. There it acts as a benchmark or target rate for countries that choose to fix their currencies to the USD value. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">You can find that countries pretty frequently fix their exchange rates to the USD to stabilize their exchange rate. They do it rather than to allow the forex markets to change its relative value. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">If you are new in forex you have to know that it is used as the <a href=\"https:\/\/traders-paradise.com\/trading-dictionary\/k\/key-currency\/\">regular<\/a> currency for most commodities, such as crude oil and gold or silver, for example. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Therefore, these commodities are subject to the economic principles of supply and demand. But, also, they depend on the relative value of the US dollar. All along with prices very sensitive to inflation and US interest rates.<\/span><br \/>\n<span style=\"font-weight: 400;\">Interest rates directly affect the dollar&#8217;s value.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"The_Euro\"><\/span><b style=\"font-size: 1rem;\">The Euro<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-6510 size-full\" src=\"https:\/\/traders-paradise.com\/magazine\/wp-content\/uploads\/2019\/03\/most-popular-currencies-for-trading-3.jpg\" alt=\"Euro\" width=\"800\" height=\"439\" srcset=\"https:\/\/traders-paradise.com\/magazine\/wp-content\/uploads\/2019\/03\/most-popular-currencies-for-trading-3.jpg 800w, https:\/\/traders-paradise.com\/magazine\/wp-content\/uploads\/2019\/03\/most-popular-currencies-for-trading-3-300x165.jpg 300w, https:\/\/traders-paradise.com\/magazine\/wp-content\/uploads\/2019\/03\/most-popular-currencies-for-trading-3-768x421.jpg 768w, https:\/\/traders-paradise.com\/magazine\/wp-content\/uploads\/2019\/03\/most-popular-currencies-for-trading-3-370x203.jpg 370w, https:\/\/traders-paradise.com\/magazine\/wp-content\/uploads\/2019\/03\/most-popular-currencies-for-trading-3-760x417.jpg 760w, https:\/\/traders-paradise.com\/magazine\/wp-content\/uploads\/2019\/03\/most-popular-currencies-for-trading-3-424x233.jpg 424w\" sizes=\"auto, (max-width: 800px) 100vw, 800px\" \/><\/p>\n<p><span style=\"font-weight: 400;\">The euro has become the second most traded currency in the forex market. At the same time, it is the world&#8217;s second-largest reserve currency. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">The euro is new to the world scene. It was presented to the world markets on January 1, 1999, but a real banknote came 3 years later.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Today the euro is the official currency of the large part of the countries inside the eurozone. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Also, many countries inside Europe and Africa fixed their currencies to the euro. The reason behind their decisions is the same as it is with USD.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">They want to stabilize the exchange rate.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The euro is broadly used and trusted currency. Hence, it is very accepted in the forex market. Its role is to add liquidity to any currency pair. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">The euro is normally traded in the forex market.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Some experts, who are not in favor of the EU, are willing to say that the euro is traded by speculators.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">They like to claim that political matters inside the eurozone can lead to large trading volumes for the euro.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In one we must agree with such experts: the euro may be the most &#8220;politicized&#8221; currency traded in the forex market nowadays.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"The_Japanese_Yen\"><\/span><b style=\"font-size: 1rem;\">The Japanese Yen<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-6512 size-full\" src=\"https:\/\/traders-paradise.com\/magazine\/wp-content\/uploads\/2019\/03\/most-popular-currencies-for-trading-5.jpg\" alt=\"\" width=\"800\" height=\"481\" srcset=\"https:\/\/traders-paradise.com\/magazine\/wp-content\/uploads\/2019\/03\/most-popular-currencies-for-trading-5.jpg 800w, https:\/\/traders-paradise.com\/magazine\/wp-content\/uploads\/2019\/03\/most-popular-currencies-for-trading-5-300x180.jpg 300w, https:\/\/traders-paradise.com\/magazine\/wp-content\/uploads\/2019\/03\/most-popular-currencies-for-trading-5-768x462.jpg 768w, https:\/\/traders-paradise.com\/magazine\/wp-content\/uploads\/2019\/03\/most-popular-currencies-for-trading-5-370x222.jpg 370w, https:\/\/traders-paradise.com\/magazine\/wp-content\/uploads\/2019\/03\/most-popular-currencies-for-trading-5-760x457.jpg 760w, https:\/\/traders-paradise.com\/magazine\/wp-content\/uploads\/2019\/03\/most-popular-currencies-for-trading-5-424x255.jpg 424w\" sizes=\"auto, (max-width: 800px) 100vw, 800px\" \/><\/p>\n<p><span style=\"font-weight: 400;\">The Japanese yen is the most traded currency out of Asia. Many use the yen to assess the overall strength of the Pan-Pacific region. \u00a0Some can ask how does it come. You always must have in your mind economies of South Korea, Singapore, and Thailand. Those currencies are <a href=\"https:\/\/traders-paradise.com\/magazine\/2019\/03\/currency-carry-trade\/\">traded<\/a> far less in the global forex markets. But there is yen.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The yen is also important in the forex market because of its role in the carry trade. That&#8217;s when traders want to profit from the difference in interest rates between two currencies. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Japan had a zero interest rate policy for more than two decades. Hence, traders have borrowed the yen practically without a cost and used it to invest in higher-yielding currencies. The rate differentials ended in their pockets. <\/span><br \/>\n<span style=\"font-weight: 400;\">The carry trade gives a large part of the yen&#8217;s presence on the forex markets.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"The_Great_British_Pound\"><\/span><b style=\"font-size: 1rem;\">The Great British Pound<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-6511\" src=\"https:\/\/traders-paradise.com\/magazine\/wp-content\/uploads\/2019\/03\/most-popular-currencies-for-trading-4.jpg\" alt=\"Most Popular Currencies for Trading 3\" width=\"800\" height=\"457\" srcset=\"https:\/\/traders-paradise.com\/magazine\/wp-content\/uploads\/2019\/03\/most-popular-currencies-for-trading-4.jpg 800w, https:\/\/traders-paradise.com\/magazine\/wp-content\/uploads\/2019\/03\/most-popular-currencies-for-trading-4-300x171.jpg 300w, https:\/\/traders-paradise.com\/magazine\/wp-content\/uploads\/2019\/03\/most-popular-currencies-for-trading-4-768x439.jpg 768w, https:\/\/traders-paradise.com\/magazine\/wp-content\/uploads\/2019\/03\/most-popular-currencies-for-trading-4-370x211.jpg 370w, https:\/\/traders-paradise.com\/magazine\/wp-content\/uploads\/2019\/03\/most-popular-currencies-for-trading-4-424x242.jpg 424w, https:\/\/traders-paradise.com\/magazine\/wp-content\/uploads\/2019\/03\/most-popular-currencies-for-trading-4-760x434.jpg 760w\" sizes=\"auto, (max-width: 800px) 100vw, 800px\" \/><\/p>\n<p><span style=\"font-weight: 400;\">The GBP, or the pound sterling, is the fourth most traded currency in the forex market. It is a large reserve currency. Its relative value compared to other global currencies is high. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Forex traders will often base the value of GBP on the general health of the British economy. Also, on the political stability of the UK government. Due to its high value, the pound is also an important currency benchmark for many countries. It is a very liquid component in the forex market.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Nowadays, GBP suffers due to the Brexit issue. Value oscillations are pretty much visible. Especially as pair with USD.<\/span><br \/>\n<span style=\"font-weight: 400;\">These currencies are followed by the Canadian dollar and the Swiss franc.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The Canadian dollar or loonie is probably the world&#8217;s foremost commodity currency. It moves along with the commodities markets, prominently with crude oil, precious metals, and minerals. Traders mostly trade the Canadian dollar as a hedge to their holdings of underlying contracts.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The Swiss franc is viewed as a safe currency in the forex market. The franc tends to move in a negative correlation to more volatile commodity currencies, such as the Canadian and Australian dollars, or U.S. Treasury yields. Actually, the Swiss National Bank is very active in the forex market. They want to secure that the franc trades within a tight range, in order to reduce volatility and keep interested rates.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Exotic_Currencies\"><\/span><b>Exotic Currencies<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Many other countries have their own currencies. Outside of the major and minor currencies is the large group of the so-called \u201cexotic currencies\u201d.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Exotic currencies are made up of the hundreds of currencies, which are nevertheless important as well, especially in international commerce and finance. And they are among\u00a0the most popular currencies too.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The exotics are:<\/span><\/p>\n<p><span style=\"font-weight: 400;\">RUB \u2013 the Russian Ruble<\/span><\/p>\n<p><span style=\"font-weight: 400;\">CNY \u2013 the Chinese Yuan or Renminbi<\/span><\/p>\n<p><span style=\"font-weight: 400;\">BRL \u2013 the Brazilian Real<\/span><\/p>\n<p><span style=\"font-weight: 400;\">MXN \u2013 the Mexican Peso<\/span><\/p>\n<p><span style=\"font-weight: 400;\">CLP \u2013 the Chilean Peso<\/span><\/p>\n<p><span style=\"font-weight: 400;\">INR \u2013 the Indian Rupee<\/span><\/p>\n<p><span style=\"font-weight: 400;\">IRR \u2013 the Iranian Rial<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This the list of just a few of the most actively traded exotic currencies. In some cases, a country will use USD as its currency, like Haiti for example.<\/span><\/p>\n<h4><span class=\"ez-toc-section\" id=\"The_bottom_line\"><\/span><strong>The bottom line<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p>The pair you choose to trade might be based on the country in which you will be trading. Or you can choose based on your analysis of where you see the most opportunities for profit.<\/p>\n<p>But, also you may choose on the fact what are the most popular currencies.<\/p>\n<p>However, always remember to base all trade decisions on careful analysis, with adequate risk management measures in place.<\/p>\n<p><strong>Don&#8217;t waste your money!<\/strong><\/p>\n<p><span style=\"font-weight: 400;\">Don&#8217;t start before you test your skills on virtual money and read this <\/span><a href=\"https:\/\/traders-paradise.com\/magazine\/2018\/07\/money-risk-trading\"><b>risk disclosure<\/b><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>3 min read The most popular currencies are those with which all forex traders should be familiarized. But, they should know some of the underlying features and\u00a0attributes of each currency. Ok, you already know this. Forex trading is the synchronous buying of one currency and selling another. Currencies are traded through a broker or dealer [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":19641,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"content-type":"","_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[1014,1012],"tags":[125,838,104],"class_list":["post-6507","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-forex","category-traders-secrets","tag-forex","tag-the-most-popular-currencies","tag-trading"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Which Currencies to Trade in the Forex Market? 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