How many currencies are there to trade

Discussion in 'Forex Trading' started by lasner, Oct 24, 2006.

  1. lasner

    lasner

    I'm new to forex trading. I was wondering how many currencies are there to trade. I'm planning on just using the U.S. dollar to pair everything against.

    What are there 10 different major currencies. The more exotic ones I'm assuming are less liquid and riskier.
     
  2. 4xxxx

    4xxxx

    EUR / USD
    USD / JPY
    USD / CHF
    GBP/USD
    USD / CAD
    AUD / USD
    NZD/USD
    EUR/CHF
    EUR/JPY
    EUR/GBP

    Those in my opinion would be the majors I usually follow.

    The next group are also popular but not as "mainstream"....slightly wider spreads and not quite as on the beaten path.....they still can move considerably.
    GBP/JPY
    GBP/CHF
    CHF/JPY
    EUR/CAD

    After that ,, the sky is the limit...AUD/NZD CAD/JPY etc whatever you wish to cross. The First 10 are what most shops would probably consider wthe major currencies.
     
  3. JayS

    JayS

    AUDCAD
    AUDCHF
    AUDCZK
    AUDDKK
    AUDEUR
    AUDGBP
    AUDHUF
    AUDJPY
    AUDNZD
    AUDPLN
    AUDSGD
    AUDUSD
    CADCHF
    CADJPY
    CHFAUD
    CHFCZK
    CHFDKK
    CHFHUF
    CHFJPY
    CHFNOK
    CHFPLN
    CHFSEK
    DKKCZK
    DKKHUF
    DKKJPY
    DKKPLN
    DKKSGD
    EURAUD
    EURCAD
    EURCHF
    EURCZK
    EURDKK
    EURGBP
    EURHKD
    EURHUF
    EURJPY
    EURNOK
    EURNZD
    EURPLN
    EURSEK
    EURSGD
    EURUSD
    GBPAUD
    GBPCAD
    GBPCHF
    GBPCZK
    GBPDKK
    GBPEUR
    GBPHUF
    GBPJPY
    GBPNOK
    GBPNZD
    GBPPLN
    GBPSEK
    GBPSGD
    GBPUSD
    HKDJPY
    JPYDKK
    JPYNOK
    NOKDKK
    NOKJPY
    NOKSEK
    NZDAUD
    NZDCAD
    NZDCHF
    NZDCZK
    NZDEUR
    NZDGBP
    NZDHUF
    NZDJPY
    NZDPLN
    NZDSEK
    NZDSGD
    NZDUSD
    PLNDKK
    PLNJPY
    PLNSEK
    SEKDKK
    SEKJPY
    SEKNOK
    SEKPLN
    SGDJPY
    USDCAD
    USDCHF
    USDCZK
    USDDKK
    USDHKD
    USDHUF
    USDJPY
    USDNOK
    USDPLN
    USDSEK
    USDSGD
    CHFZAR
    DKKZAR
    EUREEK
    EURLTL
    EURSKK
    EURZAR
    GBPZAR
    USDAED
    USDBHD
    USDEEK
    USDILS
    USDJOD
    USDKWD
    USDLTL
    USDMXN
    USDOMR
    USDQAR
    USDSAR
    USDSKK
    USDZAR
    ZARJPY
    AUDTHB
    CYPEUR
    CYPUSD
    DKKTHB
    EURLVL
    EURSIT
    EURTHB
    EURTRY
    GBPTHB
    MTLEUR
    MTLUSD
    NZDTHB
    THBJPY
    TRYDKK
    USDHRK
    USDLVL
    USDSIT
    USDTHB
    USDTRY
     
  4. Stick with maybe 2 or 3 to start. Learn them, learn their behavior and learn what makes them move.

    Good luck, if you need any help getting started, Send me a PM

    -Kastro
     
  5. While we're on the subject, what are considered the majors? I always thought of USD, GBP, EUR, JPY as the 4 majors. It seems like those crosses have the best spreads. Does CHF qualify as a major? What about AUD? Does it really matter what is considered a major and what is not?
     
  6. yes, CHF is a major. AUD is a "soft" or "minor". Both AUD & CAD have the particularity to be heavily influenced by certain commodities such as gold, and especialy oil for CAD. Of course the correlation between commodities and these currencies is not perfect, but there is somewhat of an influence.
     
  7. What about the Thai Bath and other south asian currencies,
    for small traders, they should be ok to trade?

    Didnt find any brooker who offers trading in those crosses..