1. Currency Pairs Forex
2. Best Times To Trade Forex Pairs
3. Best Times To Trade Forex Pairs Chart

Choosing the best currency pairs is very important in your Forex trading success and having a higher success rate. “If you don't find a way to make money while you sleep, you will work until you die.”. Best Currency Pairs to Trade in Forex – A Quick Guide. You’ve been doing it all wrong. There are so many different currencies and choosing the best currency pairs to trade in forex at the right time can often be confusing. A common question that we get asked at Urban Forex: What are the best currency pairs to trade? This article will run through all you need to know about the currency pairs so you can decide for yourself which are the best pairs for you to trade.

For people new to the wonders of the financial world, the phrase ‘currency pair’ might seem a little strange to you. You know of currencies, sure. There’s the US dollar and the British Pound, and also, the Euro and the various pesos that are used across Latin America, but you didn’t know that currencies could come in pairs. Well, to be quite frank, they don’t.

Currency Pairs Forex

Best Times To Trade Forex Pairs

The term currency pair was coined in an effort to make inter-currency business transactions easier. For example, if one was a person who consistently traded the British Pound for the US dollar, then it would be easier to say that you traded the GBP/USD. It is also much simpler to write. A currency pair is essentially a price quotation structure of two currencies that are being compared to each other. In a currency pair, the base currency appears first (to the left), and the quoted currency is the second currency that appears to the right of the quotation.

Best Times To Trade Forex Pairs Chart

Essentially, when a person is doing a transaction using a currency pair, they are buying and selling one currency for another at the same time. For example, if you are using the GBP/USD and wish to buy the currency pair, then what you would be buying is the base currency, which is the British Pound, while you are selling the US dollar (the quote currency) at the same time.

Don't trade with money you can't afford to lose. This website is neither a solicitation nor an offer to Buy/Sell futures, spot forex, cfd's, options or other financial products. Forex trading strategies that work. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets.