Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.

brownsfan019

Major Pairs

Recommended Posts

If you’re talking liquidity, spreads/costs & shipping thru retail, then the $INDEX main constituents will generally keep you safe:

 

EURUSD

USDJPY

GBPUSD (in that order)

 

Popular pairs out there would also fall under:

USDCHF

USDCAD

AUDUSD

EURGBP

 

You then got the cross instrument combination pairs which make up the Euro….British Pound….Jap Yen….Swissy etc

 

Ie:

GBPJPY

GBPCHF

EURJPY

EURCHF etc etc………

 

 

Again, depending who you use & their spread/size/cost deals, will impact on your aims & trade strategy intent.

 

If you’re in doubt regards costs, liquidity, key time zone exposure, sizings etc on your chosen instrument(s), just talk to your brokers & tell them what you’re looking to do.

 

If it’s a half decent shop they’ll have switched on reps available to talk you thru your objectives

Share this post


Link to post
Share on other sites

The 9 "Majors" are technically the:

 

EURCHF

EURGBP

EURUSD

EURJPY

GBPUSD

AUDUSD

USDCAD

USDCHF

USDJPY

 

And the "10th" that is being traded more heavily and gaining in popularity all over seems to be the GBPJPY. Roughly 5 pip spreads but HUGE movement and compared to the other spreads right now in the spot market with recent volatility its actually a bargain of a pair. A lot of $$ movement for a 5 pip spread.

Share this post


Link to post
Share on other sites

Typical spreads for EURO/USD should be under a pip now and this currency is the major of the majors. Traders like The Rumpled One love to trade inside the spread and I have been able to get regular fills of under a pip. So the fact that a load of retail brokers out there still charging 2 - 3 pips shows how the retail market still tolerates high spreads real well. ACM is charging 3 pips! That adds up to a lot of money if you are high frequency trading. If not it doesn't matter so much.

Share this post


Link to post
Share on other sites

From an Interbank perspective -

Majors against USD:

EURUSD

GBPUSD

AUDUSD

USDJPY

USDCHF (not so sure)

 

Majors Crosses:

EURJPY (narrow spread due to popularity in EBS)

GBPJPY

AUDJPY

 

Any pair against NZD has a wide spread due to the lack of liquidity.

Share this post


Link to post
Share on other sites

I had always believed that the majors were crosses with USD which equates to the available currency futures and the use of the USD as the standard currency up until the rise of the EUR recently. Below is Wikipedia's extract from the Triennial Central Bank Survey (December 2007), Bank for International Settlements.

 

8712d1228337700-major-pairs-wiki.gif

 

So the majors become EURUSD, JPYUSD, GBPUSD, CHFUSD, AUDUSD and, given that the large players are now trading EUR directly against JPY, EURJPY.

 

Other USD crosses might technically be majors (with reduced spreads) but you can see by % traded why the spreads rise dramatically away from EURUSD.

 

All others, GBPJPY, included must be crosses.

wiki.gif.bacc4cee1d389c4edc4905deba765522.gif

Share this post


Link to post
Share on other sites

Adding to it tlfx I did a "liquidity chart" by multiplying the percentages out to give "pair liquidity". The raw data is at the top. The information at the bottom shows how liquid the pair is compared with what I would consider the minimum tradable liquidity audusd.

 

I always laugh when people talk about trading nzdaud. Its a little like wanting to trade the lumber future - the trends look great but liquidity/slippage and in the case of lumber, lock limit costs are very very high. No offense if you insist on trading it of course :)

 

attachment.php?attachmentid=8724&stc=1&d=1228453931

5aa70e9e40a0f_LiquidityforPairs1.gif.455ffbe10b40742a0bb36cc363015508.gif

Share this post


Link to post
Share on other sites

just to add to kiwi's post.

 

below chart show estimated market shares of each pairs, summing to the indicated market share. also the relative liquidity to eurusd (eurusd as 1.00).

forexmkt.GIF.c0ab5a08171064f0b8e54d6c0f2a53cf.GIF

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Topics

  • Posts

    • Question: To those that had/have cancer, what were the signs that made you think “something is not right here” to make you go see a doctor? Answer: So, 5/25/2018, I woke up, got ready for work, and as I walked to my car, I started gagging. Like something was stuck in my throat and I needed to clear it. And then it went away.   But 10 minutes after that, I was T-boned at 40mph on the driver side door. But what made me see a doctor was while my muscles felt better and bruises were going away, the gagging still continued, I started having fevers, my neck felt swollen, I was having such a hard time breathing, and I'd have random sharp pains in my chest, but not from where the seat belt saved me.   2 weeks after the accident, I finally see an urgent care doctor, who looks me over, tells me I'm fine, but luckily requests a neck X-ray. And I ask for a chest X-ray, which he rolls his eyes but let me have (most of my pain was in the neck, so I understand).   The very next day, he calls and says “So, that chest X-ray shows there's a 4 inch mass on your heart and lungs, and your lungs have been filling up with fluid, as well as in your pericardial (heart) wall. We need you to come in tomorrow.”   Turns out the big mass, due to the accident, caused my heart and lungs to tear and fill with fluid, the swollen neck and gagging was caused by 2 metastasized tumors, and the fevers and weight loss were symptoms. Stage 4b Hodgkin's Lymphoma.   But thankfully, we went very aggressive with chemo (and had a lot of bad side effects that don't normally happen to patients), and now I'm about 16 months cancer-free. Yay lucky X-rays! Rachel Jurina, Quora Source: https://www.quora.com/To-those-that-had-have-cancer-what-were-the-signs-that-made-you-think-something-is-not-right-here-to-make-you-go-see-a-doctor   Profits from free accurate cryptos signals: https://www.predictmag.com/  
    • As a man, the reality of life is the harshest part. I don’t mind looking older or becoming weaker over time; it’s nature.   Have you ever heard that the only people who will be loved unconditionally are women and children? Men will only be loved as long as they can provide until they are no longer needed. It doesn’t matter if you already did your best to get your kids to the best school or get the best things for them, if you stop before they’re done with it, there will be no thank you. The only thing they will remember is that they have to quit school at 15, ignoring all the previous 15 years of life you provided for them. The only people who will accept you, no matter what, are your parents. But in this situation, you might be that ungrateful child.   EDIT: Wow, I didn’t think this would get so much attention.   For those who disagree, I can only say that everyone has their problem. If you don’t get the chance to face such a thing, be grateful. Remember, sometimes what you throw in the garbage is something that someone wishes ever to have.” – ElZee, Quora   Profits from free accurate cryptos signals: https://www.predictmag.com/    
    • The good thing i had noticed so far is that the traderpot value is also on the rise..
    • yup its a gradual rollout the right way in my opinion, its really good and its exciting for the sto in 2027
    • there is no avoiding loses to be honest, its just how the market is. you win some and hopefully more, but u do lose some. 
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.