BEGIN:VCALENDAR VERSION:2.0 PRODID:-//Talks.cam//talks.cam.ac.uk// X-WR-CALNAME:Talks.cam BEGIN:VEVENT SUMMARY:The 6 Most Profitable Currency Pairs - FXB () DTSTART:20200427T100000Z DTEND:20200427T110000Z UID:TALK141958@talks.cam.ac.uk CONTACT:DELETED DESCRIPTION:!https://img.fxbrokersranking.com/Vv8Qxpc/fx-talks.jpg! \n\nFo rex is the largest market in the world that has almost 24-hour volume. Ind eed\, there are a lot of currency pairs on Forex and it is not always easy to find the most profitable of them. What are the best Forex currency pai rs? I could not give you an answer in one line\, because it is more diffic ult than that. Indeed\, it all depends on each trader according to his sch edule\, his strategy\, his capital\, his psychology\, his level of experie nce etc. A Japanese investor may prefer the yen\, while a French investor will prefer the euro over the U.S. dollar.\n\nWhether you're a beginner or a seasoned trader\, you're often looking for the most profitable currency pairs and you don't know where to start. And it is true that it is diffic ult to make one's choice\, but do not despair\; there are a few criteria t o look at to choose which currency to trade.\n\nIn this article\, we will divide the answer into several parts. We will see the types of currency pa irs (minor pair\, major\, exotic). I will explain each time the advantages of currency pairs.\n\n*What is a currency pair?*\n\nWhen you trade on the exchange rate\, you need to know which are the best currencies as an inve stment and "the best Forex broker":https://fxbrokersranking.com/ for you. To find the most profitable currency pairs for you\, you will need to find your Forex strategy (I've written two articles on it\, create a system pa rt 1 and part 2) Choose carefully the pairs and set the best times to trad e. If you want to know when to trade\,my article is for you.\n\nThere is a n international code that specifies the configuration of forex pairs. For example\, a quote like 1.23 EURUSD means that a euro is worth $1.23. Here\ , the base currency is the euro and the reverse currency is the U.S. dolla r. Thus\, each currency pair is registered in currency markets around the world. The price of a quote gives the price of the first currency in the s econd. The name of the currency pairs comes from the first two letters of the country in question and the third letter is given by the letter of the currency. For example: USD - United States Dollar\n\n*The Best Currency P airs - Majors*\n\n* EURUSD (Euro - US dollar)\n* USDJPY (US Dollar - Japan ese Yen)\n* GBPUSD (British pound- US dollar)\n* AUDUSD (Australian Dollar - US dollar)\n* USDCHF (US dollar - Swiss franc)\n* USDCAD (U.S. Dollar - Canadian Dollar)\n\nAs you can see\, the most important and traded curren cy is the U.S. currency USD. Due to the size of the U.S. economy\, the USD offers very good volatility. This world-leading reserve currency has beco me the preferred benchmark for Forex trading worldwide.\n\nBe careful\, I am not saying that the U.S. dollar is the most profitable currency in the market. I am simply making it clear that it is the currency that offers th e greatest volatility thanks to its liquidity and that it is the most comm on currency in most major Forex pairs.\n\n*They are very profitable in the short term*\n\nGenerally\, such pair are the most volatile\, which means that price fluctuations inside the day can be the largest. Does that mean they're the best? Not necessarily because volatility also means higher ris k. Your gains can increase quickly\, but so can your losses.\n\nThe pairs I quoted you just above are the currency pairs with the best trading condi tions. This is not to say that major pairs are the best pairs of Forex. Ma jor pairs are the most profitable currency pairs in a short-term trading s trategy like scalping. Indeed\, thanks to their reduced cost\, you will be more profitable faster on your position.\n\nAs you will have understood\, it all depends on your trading strategy on Forex currency pairs. Major cu rrency pairs are in principle the most profitable currency pairs in scalpi ng. The most traded are actually the major Forex currency pairs\, in terms of market volume.\n\n*The most profitable minor currency pairs?*\nHere ar e the minor currency pairs:\n\n* EURGBP - (Euro - Pound sterling)\n* EURCH F - (Euro - Swiss franc)\n* EURCAD - (Euro - Canadian dollar)\n* EURAUD - (Euro - Australian dollar)\n* EURNZD - (Euro - New Zealand dollar)\n* EURJ PY - (Euro - Japanese Yen)\n* GBPJPY - (British pound - Japanese Yen)\n* C HFJPY - (Swiss franc - Japanese Yen)\n* CADJPY - (Canadian Dollar - Japane se Yen)\n* AUDJPY - (Australian Dollar - Japanese Yen)\n* NZDJPY - (New Ze aland Dollar - Japanese Yen)\n* GBPCHF - (British pound - Swiss franc)\n* GBPAUD - (British Pound - Australian Dollar)\n* GBPCAD - (British Pound - Canadian Dollar)\n\n*They are very profitable in the medium/long term*\n\n Not all of these currency pairs have the potential to deliver the best res ults to traders. Minor currency pairs are attractive to trade if you are a fundamental trader and you are doing a longer term analysis. Scalping on minor currency pairs is more complicated to do. Indeed\, the entry fees ar e higher than for major currency pairs. This is not to say that there are no most profitable currency pairs among minors. The most volatile currency pairs can be profitable if you know how to do an effective risk managemen t and trading plan.\n\nIf you want to trade successfully in Forex trading\ , you need to have a better understanding of the pair you are trading. If you choose any of the pairs\, you go straight into the wall. The choice of the most profitable currency pair for you must be based on your knowledge \, trading strategy and availability.\n\nThe most profitable currency pair s among the minors are those on which the interest rate differential is la rge. The most profitable currency pairs on long-term strategies are the Au stralian dollar\, the Japanese yen or the Canadian dollar. Beware of Forex broker fees(you need a "good Forex broker":https://fxbrokersranking.com/ ). Minors are the most profitable currency pairs\, but spreads are among t he largest. LOCATION:Venue to be confirmed END:VEVENT END:VCALENDAR