With 196 countries in the whole world, there is a handful of currency pairs to trade. The question is, which currency pair are worth trading and why? The question is, which currency pair are worth trading and why? What do most traders trade? What do most traders trade? Which currency factors influence the trading success?

Major Currencies Major Currencies

The most advisable currencies for beginners in forex trading are: The most advisable for beginners in forex trading currencies are:

· · Euro (EURO) Euro (EURO)

· · US Dollar (USED) U.S. Dollar (USED)

· · British Pound (GAP) British Pound (GAP)

· · Japanese Yen (JPY) Japanese Yen (JPY)

· · Canadian Dollar (CAD) Canadian Dollar (CAD)

· · Swiss Franc (CHF) Swiss Franc (CHF)

· · Australian Dollar (AUD) Australian Dollar (AUD)

Favorite Pairs Favorite Pairs

The basic rule of forex success is “the more you know about the currency you trade, the better”. The basic rule of forex success is "the more you know about the currency you trade, the better." The most information and resources, including daily expert analytical data and advices, are available for the following major currency pairs: The most information and resources, including daily expert advices and analytical data, are available for the following major currency pairs:

· · EURO/USED EURO / USED

This is the most popular pair among traders. This is the most popular pair among traders. It has the lowest spread among most brokers. It has the lowest spread among most brokers. The pair follows the basic technical analysis and usually isn't too volatile, meaning that there is less risks and closer stops. The pair follows the basic technical analysis and usually is not too volatile, meaning that there is less risks and closer stops. Besides, there are tones of information on the net for this pair, which makes decision making much easier. Besides, there are tones of information on the net for this pair, which makes decision making much easier.

· · GAP/USED GAP / USED

This is one of the favorite pairs, because of the possible large jumps and profitable pips. This is one of the favorite pairs, possible because of the large jumps and profitable pips. Keep in mind that, whenever the profit opportunity is higher, the risk is higher too. Keep in mind that, whenever the profit opportunity is higher, the risk is higher too. This pair belongs to rather volatile group. This pair belongs to rather volatile group. Despite the volatile warning, traders love this pair, since there is plenty of market research and analysis available, which protects from making stupid trading mistakes! Despite the volatile warning, traders love this pair, since there is plenty of market research and analysis available, which protects from making stupid trading mistakes!

· · USED/JPY USED / JPY

Here is another lovely currency pair. Here is another lovely currency pair. It is offered with low spreads and follows smoother trends, compared to other pairs. It is offered with low spreads and follows trends smoother, compared to other pairs. Trading usd/jpy promises a cheerful ride with lots of profitable opportunities. Trading usd / jpy promises a cheerful ride with lots of profitable opportunities.

Why Are They the Easiest to Trade? Why Are They the Easiest to trade?

Because the mentioned currency pairs are favored among traders, the volume of trades creates the needed liquidity necessary to make daily profits. Because the mentioned currency pairs are favored among traders, the volume of trades creates the needed liquidity necessary to make daily profits.

Also, the major currency pairs have tight spreads, compared to other available choices. Also, the major currency pairs have tight spreads, compared to other available choices. The exception for this phenomena is GAP/USED pair, due to its' volatility. The exception for this phenomena is GAP / USED pair, due to its' volatility.

EURO, GAP and JPY are traded against US dollar, meaning that the most active and, therefore, profitable hours are during the New York trading session. EURO, GAP and JPY are traded against U.S. dollar, meaning that the most active and, therefore, profitable hours are during the New York trading session.

Lots of online resources – expert analysis, seminars, seminars, blogs, forums, e-books etc. – are available on a daily basis. Lots of online resources - expert analysis, seminars, seminars, blogs, forums, e-books, etc. - are available on a daily basis. You don't have to break your head looking for information or advices. You do not have to break your head or looking for information advices. Most forex brokers offer, for example, daily analysis which can be found either on the broker's site, or receive it via email. Most forex brokers offer, for example, daily analysis which can be found either on the broker's site, or receive it via email. That is sure helpful during the decision making! That sure is helpful during the decision making!

Which Currency Pairs are Better Avoided? Which Currency Pairs are Better Avoided?

My advice, stay away from all the exotic currencies for which there is almost no information on the net. My advice, stay away from all the exotic currencies for which there is almost no information on the net. In order to trade such uncommon pairs, forex trader requires extra knowledge and some kind of access to details and analysis needed for trading. In order to trade such uncommon pairs, forex trader requires extra knowledge and some kind of access to details and analysis needed for trading.

Also, it is a good idea to keep away from currency pairs with high spreads. Also, it is a good idea to keep away from currency pairs with high spreads. Please note that spreads may vary from one broker to another, so don't “disqualify” a selected currency before first checking spreads with couple of brokers. Please note that spreads may vary from one broker to another, so do not "disqualify" a selected currency before first checking with spreads couple of brokers. The acceptable spread is 2-3 pips. The acceptable pips spread is 2-3. When things get above 6 pips, currencies become volatile, meaning that an inexperienced trader may find it extremely difficult to trade. When things get above six pips, currencies become volatile, meaning that in inexperienced trader may find it extremely difficult to trade.