How many currencies are there to trade

[lasner]

I'm new to forex trading. I was wondering how many currencies are there to trade. I'm planning on just using the U.S. dollar to pair everything against.

What are there 10 different major currencies. The more exotic ones I'm assuming are less liquid and riskier.

 

[4xxxx]

EUR / USD
USD / JPY
USD / CHF
GBP/USD
USD / CAD
AUD / USD
NZD/USD
EUR/CHF
EUR/JPY
EUR/GBP

Those in my opinion would be the majors I usually follow.

The next group are also popular but not as "mainstream"....slightly wider spreads and not quite as on the beaten path.....they still can move considerably.
GBP/JPY
GBP/CHF
CHF/JPY
EUR/CAD

After that ,, the sky is the limit...AUD/NZD CAD/JPY etc whatever you wish to cross. The First 10 are what most shops would probably consider wthe major currencies.

 

[JayS]

AUDCAD
AUDCHF
AUDCZK
AUDDKK
AUDEUR
AUDGBP
AUDHUF
AUDJPY
AUDNZD
AUDPLN
AUDSGD
AUDUSD
CADCHF
CADJPY
CHFAUD
CHFCZK
CHFDKK
CHFHUF
CHFJPY
CHFNOK
CHFPLN
CHFSEK
DKKCZK
DKKHUF
DKKJPY
DKKPLN
DKKSGD
EURAUD
EURCAD
EURCHF
EURCZK
EURDKK
EURGBP
EURHKD
EURHUF
EURJPY
EURNOK
EURNZD
EURPLN
EURSEK
EURSGD
EURUSD
GBPAUD
GBPCAD
GBPCHF
GBPCZK
GBPDKK
GBPEUR
GBPHUF
GBPJPY
GBPNOK
GBPNZD
GBPPLN
GBPSEK
GBPSGD
GBPUSD
HKDJPY
JPYDKK
JPYNOK
NOKDKK
NOKJPY
NOKSEK
NZDAUD
NZDCAD
NZDCHF
NZDCZK
NZDEUR
NZDGBP
NZDHUF
NZDJPY
NZDPLN
NZDSEK
NZDSGD
NZDUSD
PLNDKK
PLNJPY
PLNSEK
SEKDKK
SEKJPY
SEKNOK
SEKPLN
SGDJPY
USDCAD
USDCHF
USDCZK
USDDKK
USDHKD
USDHUF
USDJPY
USDNOK
USDPLN
USDSEK
USDSGD
CHFZAR
DKKZAR
EUREEK
EURLTL
EURSKK
EURZAR
GBPZAR
USDAED
USDBHD
USDEEK
USDILS
USDJOD
USDKWD
USDLTL
USDMXN
USDOMR
USDQAR
USDSAR
USDSKK
USDZAR
ZARJPY
AUDTHB
CYPEUR
CYPUSD
DKKTHB
EURLVL
EURSIT
EURTHB
EURTRY
GBPTHB
MTLEUR
MTLUSD
NZDTHB
THBJPY
TRYDKK
USDHRK
USDLVL
USDSIT
USDTHB
USDTRY

 

[Kastro_316]

Quote from lasner:

I'm new to forex trading. I was wondering how many currencies are there to trade. I'm planning on just using the U.S. dollar to pair everything against.

What are there 10 different major currencies. The more exotic ones I'm assuming are less liquid and riskier.

Stick with maybe 2 or 3 to start. Learn them, learn their behavior and learn what makes them move.

Good luck, if you need any help getting started, Send me a PM

-Kastro

 

[patrick_newB]

While we're on the subject, what are considered the majors? I always thought of USD, GBP, EUR, JPY as the 4 majors. It seems like those crosses have the best spreads. Does CHF qualify as a major? What about AUD? Does it really matter what is considered a major and what is not?

 

[ParisJOM]

Quote from patrick_newB:

While we're on the subject, what are considered the majors? I always thought of USD, GBP, EUR, JPY as the 4 majors. It seems like those crosses have the best spreads. Does CHF qualify as a major? What about AUD? Does it really matter what is considered a major and what is not?

yes, CHF is a major. AUD is a "soft" or "minor". Both AUD & CAD have the particularity to be heavily influenced by certain commodities such as gold, and especialy oil for CAD. Of course the correlation between commodities and these currencies is not perfect, but there is somewhat of an influence.

 

[andretrader]

What about the Thai Bath and other south asian currencies,
for small traders, they should be ok to trade?

Didnt find any brooker who offers trading in those crosses..