Major Currency pairs in Forex and Forex Currency Crosses.

Before entering the Forex market you should know, which currency you have to trade and why? And most important are the timings to trade them as Forex Market is open 24 hours a day but then also there are few sessions when there is high liquidity in the market, which increases your chance maximize the profits trading those breakouts in the forex market.

Major Currencies and Major Currency Pairs

There are eight major currencies in Forex market. They are called majors as they are responsible for approximate 85 % of the
total transaction per day. Now you will be eager to know about them. These eight currencies are:

1.      USD : US Dollar

2.      EUR : Euro

3.      GBP : Great Britain Pound

4.      JPY  :  Japanese Yen

5.      CAD : Canadian Dollar

6.      CHF : Swiss Franc

7.      NZD : New Zealand Dollar

8.      AUD : Australian Dollar

As you know foreign currencies are traded in pairs. It simply means that buying of one currency means the selling of other currency at the same time. As you are familiar with forex major currencies, now I am going to tell you the 18 major currency pairs which are formed by these major currencies. Entire 24 Forex market revolves around these 18 pairs which are as following:

USD/CAD
             EUR/JPY


EUR/USD
       EUR/CHF



USD/CHF
       EUR/GBP


GBP/USD

           AUD/CAD


NZD/USD

     GBP/CHF


AUD/USD
             GBP/JPY



USD/JPY
               CHF/JPY


EUR/CAD
             AUD/JPY



EUR/AUD
             AUD/NZD

What are Forex Currency Crosses?

                   Basically, All these 18 pairs mentioned above are Categorized in 3 groups.

1.      Where USD (US dollar) is acting as a quoted Currency, it means it is the second currency in pair. For example: EUR/USD, AUD/USD etc. 

2.      Where USD is acting as a base currency, which simply means those pairs where USD is the first currency. For example: USD/CHF, USD/CAD etc.

3.      Where USD is absent in the pair, and these pairs are known as the Forex Currency Crosses. For example: EUR/CAD, AUD/NZD etc.

You should always keep in mind these three categories while trading because; the pip (profit in percentage) value is calculated in the different manner for different categories. I think this information, mentioned above will give you the exact idea of Major currency pairs in Forex alias Forex Majors and Currency Crosses.