TYPES OF CURRENCY PAIRS

Currencies are divided into 2 which are major and minor. Major currencies are the most frequently traded currencies namely USD, EUR, GBP, CHF, JPY, AUD & CAD. While Minors currencies are currencies other than major currencies.

The currency pair is divided into 2 types, namely major pair and cross pair.

Major pairs are all currency pairs in which one pair is USD currency.

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Cross pairs are all currency pairs that are not paired with the USD currency

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