Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76 % of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Glossary
Currency Pair
A currency pair is the quotation of two separate currencies and is used as a financial instrument to buy or sell the currencies in exchange for the other. A currency pair is always presented with a base currency on the left and a quote currency on the right.
Currency Pair Categories
Depending on its part in active trading and at times, the countries the currency originates from, currency pairs can come in various categories.- Major Currency Pairs: Primarily, these pairs are those that involve the U.S. Dollar. These pairs are much more popular with highly traded volumes as they are considered as ‘safe haven’ assets.
- Minor or Cross Currency Pairs: Primarily, these pairs are those that do not involve the U.S. Dollar. These are usually local-based and are not as popular as major currency pairs.
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