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Most Popular Currencies to Trade in forex

Foreign exchange or forex is the process of exchanging one currency for another. The forex market is effectively open for 24 hours due to differences in time zones, making trading a more viable option.

When it comes to starting your forex trades, the most common doubt is which currencies are worth converting?

To simplify your selection of currency pairs, we have created a list of themost popular currencies to trade in forex. These are some of the most widely traded currency pairs across the globe.

1. USD to EUR

As the most widely-traded currency pairs in the world, USD to EUR, is a shortened version of conversion of US dollars to euros. The euro represents the official currency of the European Union and 19 members. Like most other currencies, the USD/EUR pair is influenced by political movements in relation to one another.

2. USD to JPY

The Japanese yen (JPY) is the official currency of Japan. Commonly held as a reserve currency behind the USD, the euro, and the GBP, it could provide profits often by capitalizing on these daily fluctuations.

3. USD to CAD

CAD or Canadian Dollar and the USD are closely related, just like their geography. The value of the Canadian dollar or CAD is also heavily correlated with commodity prices. 

4. GBP to USD

The British pound sterling or GBP is the official currency of the United Kingdom. It is used throughout England, Scotland and Wales. Though there were many large fluctuations reported, the GBP is the 3rd most-traded currency, trailing behind the USD and the EUR.

Risk Warning

 This material is considered a marketing communication and does not contain, and should not be construed as containing, investment advice or an investment recommendation or, an offer of or solicitation for any transactions in financial instruments. Past performance is not a guarantee of or prediction of future performance. Trust Capital TC Ltd does not take into account your personal investment objectives or financial situation. Trust Capital TC Ltd makes no representation and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast, or other information supplied by an employee of Trust Capital TC Ltd, a third party or otherwise.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76.92% 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. Trust Capital TC does not offer Contracts for Difference to residents of certain jurisdictions including the USA, Iran, and North Korea. Please consider our “Risk Disclosure“.

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