Major and Minor CurrenciesThe seven most typically traded currencies (USD, EUR, JPY, GBP, CHF, CAD, and AUD) are called the major currenciesll other currencies are referred to as minor currencieso not worry about the minor currencies, they are for professionals onlyctually, on this site we will only be covering what we call the Fab Five (USD, EUR, JPY, GBP, and CHF)hese pairs are the most liquid and are the only currencies we actually tradeross CurrencyA cross currency is any pair in which neither currency is the Uollarhese pairs exhibit erratic expense behavior simply because the trader has, in effect, initiated two USD tradesor example, initiating a long (buy) EUR/GBP is equivalent to buying a EUR/USD currency pair and selling a GBP/USDross currency pairs usually carry a higher transaction costhe three most usually traded cross rates are EUR/JPY, GBP/EUR, and GBP/JPYase CurrencyThe base currency is the first currency in any currency pairt shows how mu ... [Read More - Forex Trading 5 Minute Charts]
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