Major currency pairs in the Forex market

The modern Forex market was created as a result of exchange of one currency to another, which is made every day worldwide. One of the factors which determined this process was the so called "floating rates" politics which was accepted in the late 1960s. Before that, national currency rates were fixed, and the market law of supply and demand did not affect the price change.

The participants in currency exchange are national banks, pension and investment funds, commercial and production companies, as well as private persons. The extend of daily operations amounts to trillions of dollars. Currency rates fluctuate every second, but, as a rule, they are not big enough to make significant profits from. However, this is not true of the cases when a person has big money to invest. Leverage provided by a broker allows us to make the most of profits even from small currency fluctuations.

No doubt, currency pairs are the most popular and called-for trading tool in financial markets. Forex currency pairs are traditionally subdivided into three groups: Major, minor, and exotic. The major group embraces just 7 currency pairs, each of them including the US dollar as an integral part. It’s worth mentioning that these pairs account for 70% of the global trading turnover in the Forex market.