Euro delivers in London forex session
Which Pairs Should I Focus On as a Forex Beginner and Why?
As a forex beginner, the market can feel overwhelming with dozens of pairs. But starting smart is key. Focus on the major pairs. These involve the US dollar (USD) and another strong currency. They offer the best conditions for learning. Here's why—and which to prioritize.
The Major Pairs: Your Starting Point
The seven majors:
EUR/USD (Eurodollar): Most traded. Tightest spreads. Reacts to ECB/Fed policy.
GBP/USD (Cable): Volatile but liquid. UK data drives swings.
USD/JPY: Yen safe-haven flows. Low spreads.
USD/CHF: Swiss stability vs USD.
AUD/USD: Commodity-linked Aussie.
USD/CAD: Oil-driven CAD.
NZD/USD: Kiwi, similar to AUD.
These account for ~85% of forex volume.
Why Majors Are Best for Beginners
High Liquidity: Fast execution. Minimal slippage—even in news.
Tight Spreads: Low costs (0.0-1 pip on ECN). Profits easier to keep.
Reliable Volume: Tick data consistent—perfect for volume price analysis (VPA). High volume moves show real conviction.
Predictable Behavior: Clear trends or ranges. Easier to learn...