The big currencies in most people’s estimation are the US dollar (USD), Euro (EUR), yen (JPY), pound (GBP), Swiss frank (CHF), and the Canadian and Australian dollars (CAD and AUD). Cross pairs are those excluding USD, such as CBP/CHF. These are the best foreign exchange pairs for a retail trader to concentrate on. This is particularly true for secondary currencies like the New Zealand and Singapore greenbacks that are close to making it into the majors apropos daily trading volume.

So you can trade any major pair or cross of the majors but unless you have reasons for doing otherwise, most amateurs are suggested to start with EUR/USD for many trading. This is the highest traded pair which gives it several advantages. First, there’s a lot of competition between brokers so that the spread is generally lowest for this pair. 2nd, the high liquidity implies that there will probably be less slippage, and you are much more likely to get the price that you see on screen. In that case it is best to use it according to its settings. Bots frequently use systems that are pair specific, i.e. That won’t work so well on any but the commended pairs, so those will be the best currency exchange pairs for an expert counsel.