HFM information and reviews
HFM
96%
FXCC information and reviews
FXCC
92%
FxPro information and reviews
FxPro
89%
FBS information and reviews
FBS
88%
Vantage information and reviews
Vantage
85%
XM information and reviews
XM
82%

Best Currency Pairs to Trade for Beginners


Forex is a financial market where currencies are bought and sold to make a profit. Trading in the Forex market is done in pairs, each consisting of two currencies. Beginners often struggle to know which pairs are best to trade, which can result in losses. To help beginner traders, FBS analysts reviewed the most traded Forex pairs according to three criteria:

Such an approach allowed us to identify the five best pairs to trade Forex.

Top 5 Forex pairs to trade for beginners

EURUSD

EURUSD is one of the most traded currency pairs in the Forex market.

An interesting fact: The euro is the youngest currency in our article. It appeared on January 1, 1999, and was initially known as an “invisible” currency, used only for accounting purposes and electronic payments. Coins and banknotes were introduced on January 1, 2002.

GBPUSD

GBPUSD is another best currency to trade for beginners.

USDJPY

USDJPY, also known as the “Gopher,” is another most traded Forex pair particularly suitable for beginners.

USDCHF

In our list, USDCHF is also the best currency to trade for beginners.

An interesting fact: USDCHF has an inverse correlation (negative correlation) to other currency pairs such as EURUSD and GBPUSD. This means that when these pairs decline, USDCHF tends to rise. As a result, traders can use these correlations to diversify their portfolios.

USDCAD

USDCAD is also considered one of the Forex best pairs to trade. With the right trading approach, beginners might benefit from this pair.

Final thoughts

Overall, the combination of high liquidity, relatively low volatility, and tight spreads make the listed pairs beneficial for beginner traders. All five described currency pairs are widely available on most Forex trading platforms. This makes it easy for traders to access and trade the pair from anywhere in the world.

Due to the pairs’ popularity, there is a wealth of information on them, including news, analysis, and trading strategies. These factors help traders make informed decisions and stay up-to-date on market developments.

In conclusion, it is vital to keep in mind that trading any currency pair involves risk, and traders of any level should always have a solid trading plan and use proper risk management techniques to protect their capital and minimize potential losses. Whether you are new to trading or a seasoned pro, FBS can cover your experience with a wide range of account types. Choose the account type that best fits your needs, and start trading with FBS today.

FAQs

This is for informational purposes only and does not contain — or to be considered as containing — investment advice, suggestion or recommendation for trading.

#source


RELATED

What is revenge trading?

Revenge trading has been identified as one of the major causes of traders' failure. In fact, Brett Steenbarger, a well-known trader and trading coach...

Unpacking Demo Trading Accounts: Your Comprehensive Guide

Venturing into the world of trading can feel like navigating a maze, especially when you're diving into complex domains like forex, precious metals, or cryptocurrencies...

Real Forex Trading: Find Out What All the Fuss is About

The market for trading forex or foreign currencies is known as foreign exchange trading, or forex trading or FX. The largest market in the world, forex, and what happens in it, influence real, everyday life...

What is crypto mining?

Cryptocurrency mining has brought about a new gold rush where individuals and businesses are deploying mining hardware to earn as much cryptocurrency as possible as so-called miners...

What is risk management in Forex?

Risk management, also known as money management, refers to a number of trading techniques employed to lessen risk exposure. Being affected by various factors...

Grasping the Concept Of Hedging in Forex Trading

Hedging is a financial trading technique that investors should be aware of and employ because of its benefits. It protects an individual’s funds from being exposed to a problematic situation...

Risk Management on Forex: Basic Rules

Senior traders would say that there is no chance to build a successful career without risk management. Whatever your trade duration is, the trade should...

An Introduction To Forex News Trading

Political and economic news is a powerful source of fluctuation in global financial markets. Even rumors of events such as falling central bank interest rates, lawsuits by governments...

MetaTrader 4 (MT4): A Comprehensive Guide

MetaTrader 4, an offering from MetaQuotes Software Corporation, has firmly rooted itself in the world of foreign exchange trading. It has become an iconic platform...

How to Spot a Bull or Bear Market?

There are two important terms in financial markets that can help investors understand and react to certain situations. Both bull and bear markets describe how markets...

Crypto and NFTs: The New Age of Art

Crypto and NFT art can be an even more promising pair for the future of art as a whole. Fiat currencies and art have both been around for a long time. We are equally...

How to Trade in Forex? A Useful Guide

All currencies are typically exchanged in pairs when trading forex. A currency pair quotation is made up of two currencies. The Euro and the US dollar, for instance...

Everything You Need to Know About Cryptocurrencies

The concept of money as we know it has evolved in recent years from purely physical money to a combination of the physical; digital representations of physical money...

What are CFDs?

Before venturing into what are CFDs, first let’s take a quick look at the forex market. The forex market is the largest financial market in the world...

How to Achieve Effective Diversification in Currency Trading Portfolio

In the intricate and fast-paced realm of currency trading, attaining success is not solely reliant on precise market scrutiny and sagacious decision-making but also on the meticulous construction and strategic composition of your trading portfolio...

LegacyFX: Commodity trading benefits

CFD Trading is a derivative financial instrument, and it is an abbreviation for "Contract for Difference". CFDs are of interest to traders who want to boost the amount and quality of their...

Ultimate guide to trading Bitcoin for beginners

Bitcoin is the world’s first cryptocurrency that paved the way for the multi-trillion dollar crypto market we can trade and invest in today. Read on to learn everything you need...

The origins of Forex

The modern international currency trade is only 42 years old, but in 2019 this market reached a daily turnover of $6.6 trillion (the estimate for 2020 is $10 trillion!)...

Scalping: 3 Forex Trading Styles to Try

Just as a soldier doesn't willingly run into battle unarmed, a successful trader shouldn't enter the market without a strategy. Trading is not a game of chance - if you open...

Forex: perfect source of first income for the youth

In today’s fast-paced digital world, young people seek new avenues to earn income and gain financial independence. Among the options available, Forex trading stands...

FP Markets information and reviews
FP Markets
81%
IronFX information and reviews
IronFX
77%
T4Trade information and reviews
T4Trade
76%
Exness information and reviews
Exness
76%
Just2Trade information and reviews
Just2Trade
76%
FXNovus information and reviews
FXNovus
75%

© 2006-2025 Forex-Ratings.com

The usage of this website constitutes acceptance of the following legal information.
Any contracts of financial instruments offered to conclude bear high risks and may result in the full loss of the deposited funds. Prior to making transactions one should get acquainted with the risks to which they relate. All the information featured on the website (reviews, brokers' news, comments, analysis, quotes, forecasts or other information materials provided by Forex Ratings, as well as information provided by the partners), including graphical information about the forex companies, brokers and dealing desks, is intended solely for informational purposes, is not a means of advertising them, and doesn't imply direct instructions for investing. Forex Ratings shall not be liable for any loss, including unlimited loss of funds, which may arise directly or indirectly from the usage of this information. The editorial staff of the website does not bear any responsibility whatsoever for the content of the comments or reviews made by the site users about the forex companies. The entire responsibility for the contents rests with the commentators. Reprint of the materials is available only with the permission of the editorial staff.
We use cookies to improve your experience and to make your stay with us more comfortable. By using Forex-Ratings.com website you agree to the cookies policy.