When it comes to forex trading, understanding the major currency pairs is crucial. These pairs are the most frequently traded and have the highest liquidity in the market.
The first currency listed in each pair is called the base currency, while the second currency is the quote currency. For example, if you're trading EUR/USD, the euro is the base currency and the US dollar is the quote currency.
Each currency pair has its own unique characteristics and can be affected by different economic and political events.
It's important to note that while these seven pairs are considered the major currency pairs, there are many other currency pairs available for trading.
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