The forex market is a place where you trade in currencies
. The trade is based on currency pairs, which actually translates into trading on the value of one currency against another. When you make a trade, you are in fact buying the base currency (the first name in a pair) and selling the counter currency (the second name in a pair).
It is important to know the best pairs in the forex market. The term 'best pairs' is no reflection on the strength or quality of currencies but simply another way of classifying currency pairs those are widely traded, have a liquid market and have potentials of fast movements. The following currency pairs are worth trading in because of the instant profits that they are able to provide.
EUR/USD (Euro/US Dollar)
GBP/USD (British Pound/US Dollar)
USD/JPY (US Dollar/Japanese Yen)
USD/CHF (US Dollar/Swiss Franc)
USD/CAD (US Dollar/Canadian Dollar)
AUS/USD (Australian Dollar/US Dollar)
If you stick to these currency pairs you will not have to waste time to find potential trades. The trends that emerge in these pairs are also stronger and better than those that have low turnovers. You will be able to easily get in and out of trades if you trade in these currency pairs. You can even go a step further and limit your trades to EUR/USD and GBP/USD.
If you wish to learn more about forex trade and how to use rapid movements in currency pairs you should try to do the Forex profit accelerator course created by Bill Poulos. Bill Poulos is a committed teacher who has been trading in the forex markets for a long period and is well versed in the intricacies of forex markets. His teaching methods are simple and his strategies are effective in providing instant profits.
About the author
By Jonathan Harr, an avid investor. Providing resources, strategies, and tips for forex traders. See what others are saying about Bill Poulos from Profits Run at