Basics

What are the best FX pairs to trade?


We’re often asked which currency pair or pairs are the best to trade. The answer is “it depends.” Depending on the broker you choose, the entire universe of possibilities is in the range of 40-70 currency pairs.

These pairs are further sorted into various groups:

  1. Major Pairs.
  2. Minor Pairs (also known as Cross Currency Pairs or just “Crosses”).
  3. Exotic Pairs.

The Major Pairs are the most popular and therefore the most heavily traded.

About 82% of the global volume in Forex trading happens within the Major Pairs. This popularity and high volume means spreads are tighter making them less expensive to trade. The Major Pairs are:

forex trading major pairs

Minor or Cross Currency pairs (crosses) are less popular and more thinly traded than the Major pairs.

These are currency pairs that don’t include the US dollar (USD) but do include the currencies of major economies like Europe, Great Britain, Japan, Australia, Canada, New Zealand, and Switzerland as either the base currency or the quote currency.

The Minor or Cross currency pairs for the Euro (EUR) are:

forex trading minor pairs

Another set of Minor pairs are those that involve the Great British Pound. These minor pairs are listed bellow:

fx trading minor pairs

Another popular currency to trade is the Japanese yen. A range of minor pairs involving the Japanese yen can be seen below:

fx trading minor pairs jpy

Other less popular and less traded though still somewhat traded involve currencies from so-called “Tier 1” economies like Canada, New Zealand, Australia, and Switzerland.

The most popular of these currency pairs are listed here:

fx trading pairs AUD

Finally, exotic currency pairs are those which combine one major currency (or the currency of one major economy) to one currency from an emerging economic nation such as Brazil, Mexico, and Denmark.

These pairs are not traded as much as the Forex major and minor pairs which means they are more expensive to trade due to larger spreads, higher swap fees and more expensive transaction costs. A list of some of the is here:

fx trading exotics

The sheer number of opportunities and choices found between these different pairs may seem confusing and overwhelming.

So which one is best for you to trade?  Understand that the best time to trade a currency is when one or more of the three largest market activity centers (New York, London, and Tokyo) are open.

So the first thing to do is look at your schedule. When can you trade the markets? Then look at the times when the market centers for the currencies you want to trade are open and when one of the big three market activity centers are also open.

Once you understand the best time for you to trade, and have determined which currencies are best to trade in within that time frame, you’ll need to determine just how the currencies you can choose actually trade.

Are they volatile, and do you like the volatility?  This decision is an important one to your success.

But there is an easier way. WiseInvest’s AI sorts through 40 variables and sends you the best trades. You don’t have to figure out time zone math, you don’t have to remember when the market activity centers are open.

You certainly don’t have to understand technical analysis or worry about missing a government report or action in a foreign country that significantly impacts the currency pair you trade. WiseInvest does it all for you.

The best way to trade forex

There are two ways to invest with our AI in forex:

1. Automated with AI-Trading. Check out the 3 steps to trade automated with our AI.

automated trading with ai bot

Don’t you have a broker account yet? Our AI is integrated to trade automated with the broker Oanda. Click here to open an account.

With Automated AI trading you do not need MT4 / MT5 and other trading platforms to invest in forex. All forex trades are automatically placed into your broker account and you can monitor the AI trading performance directly on our dashboard.

2. Manually with AI-Signals.

Wiseinvest also provides AI forex signals that perfectly fit into MT4, MT5 and any trading platform. To trade with our AI forex signals, you must simply copy the data you receive from each real-time signal into any forex brokerage account of your choice.

There are five unique variables for each AI signal, and each must be copied exactly, in order to match the performance of the signal as close as possible.

Each AI signal alert consists of the following five data points:

  • Symbol (forex pair)
  • Direction (long or short)
  • Position size (number of units or lots)
  • Take profit (price level to exit with maximum gain)
  • Stop loss (price level to exit with maximum loss)

You can trade forex with our free forex signals clicking here, or with our Premium subscription that provides you unlimited AI signals and automated AI trading in partner brokers. Whether you are a beginner or a Professional forex trader, our AI trading system can help you save time and improve your trading performance. Get started with free AI.

When investing through Wiseinvest automated AI trading or AI forex signals, you do not need to calculate or change the leverage in your forex broker account. Learn more about leverage in forex trading clicking here.

Disclaimer: Forex and Contracts for Difference (CFDs) are complex instruments and come with a high risk of losing money due to leverage. Forex trading is not suitable for everyone. You should consider whether you understand how forex and CFDs work and whether you can afford to take the high risk of losing your money.

The forex brokerages displayed shall disclaim the overall performance of traders in their platforms. Oanda warns that 76.8% of retail forex traders lose money trading CFDs. XTB warns that 80% of retail forex traders lose money trading CFDs. The forex broker Fxcm warns that 69.66% of retail forex traders lose money trading CFDs.

The performances aforementioned are not related to Wiseinvest AI forex trading and AI forex signals system. You can check the performance of our AI forex system on our dashboard.