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Saturday, November 13, 2021

HOW TO MAKE CONSISTENT PROFIT TRADING

HOW TO MAKE CONSISTENT PROFIT TRADING

HOW TO MAKE CONSISTENT PROFIT TRADING THE MAJOR CURRENCY MARKET

November 13/2021

The forex market is filled with several asset class ranging from minor pairs, major pairs, and exotic pairs, however, distinguishing between the pairs you'd like to trade with is a great way to approach the never-ending fluctuations that comes with various pairs in the forex market.

What are the major pairs
The major pairs are classified as any currency pairs that have a relating connection with the US dollar in the foreign exchange market. Currency pairs such as EURUSD , GBPUSD , AUDUSD , NZDUSD , USDCAD , USDJPY , USDCHF etc are all classified and identified as the major currency pairs.

So far, the major pairs are the most liquid asset class as they have the highest daily trading volume most especially the EURUSD , and they tend to attract few spreads as the broker fees.

In general trading, the major pairs will require one to have a comprehensive understanding of the US dollar index most important the economic updates around the United States region because more often than not the US economic report the US carries a higher level of effect on the general major currency market.

To have a successful forex trading experience learning and understanding the principles of how the market moves in a specific direction in response to fundamental and technical analysis is indeed a crucial step to profit from the world of the currency market.


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