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Recommended Currency Pairs for Overseas Forex Trading | Explanation of Easy-to-Win Currency Pairs and Their Characteristics

Posted by: MoneyChat Editorial Department

Overseas forex brokers offer a significantly larger number of currency pairs than domestic forex brokers, providing a wide range of options from major currencies to minor and exotic currencies

However, with so many currency pairs available, many people probably wonder, "Which one is the easiest to win with?" or "Are there any currency pairs that even beginners can profit from?"

In this article, to answer those questions, we will introduce a selection of recommended currency pairs for overseas forex trading from the perspective of ease of winning and profitability

This guide clearly explains the characteristics of recommended pairs and key points for choosing them, divided into beginner and advanced categories

Furthermore, it broadly covers topics such as currency pair classifications, differences between brokers, and the risks of minor currencies that require attention

■What you will learn from reading this article

  1. Basics and Classification of Currency Pairs in Overseas Forex Trading
  2. Characteristics and selection methods of currency pairs that are easy to win and profit from
  3. Recommended currency pairs for beginners and advanced traders, and the reasons why
  4. Risks and precautions for each currency pair
  5. Frequently Asked Questions and Answers about Currency Pairs

Choosing the right currency pair is a crucial factor in generating consistent profits in forex trading

Find the currency pair that suits you and aim for better results with overseas forex trading

Beginners are encouraged to read the Complete Guide to Overseas Forex Trading for Beginners

Contents

Let's understand the basics of currency pairs

To consistently aim for profits in FX trading, it is essential to have a solid understanding of the basics of currency pairs

Understanding the differences between base currencies and settlement currencies, as well as the different types of currency pairs such as major, minor, and exotic, and their respective characteristics, will broaden your trading options and help you mitigate risk

This section provides a gentle and thorough explanation of the fundamentals of FX trading, including the mechanisms, classifications, and key points of currency pairs. It's useful for beginners as well as advanced traders looking to review their knowledge

Let's solidify our fundamentals and aim to become smarter traders

The roles of reserve currency and settlement currency

FX trading is always conducted in the form of a "currency pair."

The first currency listed is the "reserve currency," and the currency that follows is the "settlement currency."

For example, in the case of USD/JPY, USD (US dollar) is the base currency and JPY (Japanese yen) is the settlement currency

Buying USD/JPY means "buying US dollars and selling yen," while selling USD/JPY means "selling US dollars and buying yen."

Understanding these rules will naturally help you understand the meaning of buying and selling directions and exchange rates

For example, if it says "USD/JPY=155.00", it means that you need 155 yen to get 1 dollar

If you correctly understand the difference between a reserve currency and a settlement currency, you can significantly reduce the risk of confusion in trading strategies and profit/loss calculations

Until you get used to it, it's important to always be aware of which is the primary method when placing an order

Having mastered these fundamentals will help prevent errors and losses during trading

Classification of major and minor currency pairs

Currency pairs are categorized into "major currency pairs" and "minor currency pairs."

Major currency pairs are combinations of currencies that include the US dollar (USD) and have a high trading volume globally

Typical examples include EUR/USD (Euro/US Dollar), USD/JPY (US Dollar/Japanese Yen), and GBP/USD (British Pound/US Dollar)

These are highly liquid and have narrow spreads, making them a good choice for beginners

On the other hand, minor currency pairs mainly consist of major currencies that do not include the US dollar, or combinations that include currencies with low trading volume

Examples include EUR/NZD (Euro/New Zealand Dollar), GBP/AUD (Pound/Australian Dollar), and NZD/CAD (New Zealand Dollar/Canadian Dollar)

Minor currency pairs tend to experience volatile price movements due to their limited trading volume

Spreads tend to widen easily, and information is often scarce, so you need to choose based on your risk tolerance and experience

It is important to create an environment where people can make calm and rational decisions

What are exotic currency pairs?

An exotic currency pair is a pair of currencies that combines the currencies of a developed country with those of an emerging market

Examples include USD/TRY (US dollar/Turkish lira) and USD/ZAR (US dollar/South African rand)

These currency pairs tend to have lower trading volumes and larger price volatility compared to major and minor currency pairs

While it's possible to aim for large profits in a short period, the reality is that there's also a possibility of incurring equally large losses

Exotic currency pairs have low liquidity and limited information available, so it's important to be aware that they are prone to unexpected price movements

Since this carries a high risk for beginners, let's start by thoroughly understanding its characteristics

If you do trade, it is crucial to thoroughly implement risk management measures, such as money management and stop-loss settings

Consider this a trading target for advanced traders, and choose a pair that suits your style and experience without forcing yourself to do anything you don't want to

The difference between straight pairs and cross pairs

Currency pairs are also categorized into "straight pairs" and "cross pairs."

A straight pair is a currency pair that includes the US dollar, such as USD/JPY (US dollar/Japanese yen), EUR/USD (Euro/US dollar), and GBP/USD (British pound/US dollar)

These currency pairs have high trading volumes globally, and their narrow spreads are one of their attractions

On the other hand, cross pairs are currency pairs that do not include the US dollar, and are characterized by their unique price movements and trends

Typical examples include EUR/JPY (Euro/Japanese Yen), GBP/JPY (British Pound/Japanese Yen), and EUR/GBP (Euro/British Pound)

Because cross pairs do not go through the US dollar, their price movements tend to be more complex, and the perspective for analysis changes

There are no problems with highly liquid currency pairs, but caution is needed when trading between minor currencies

Understand the characteristics of each and choose a pair that matches your analytical skills and experience

Summary table of currency pair classifications

You can scroll horizontally
classificationFeatures and DefinitionsMain examples
Major currency pairsThe most traded currency pairs globally include the US dollarEUR/USD, USD/JPY, GBP/USD
Straight PairAll currency pairs including the US dollar (mostly major currencies)USD/JPY, EUR/USD, USD/CHF
Cross pairCombinations of major currencies that do not include the US dollarEUR/GBP, GBP/AUD, AUD/JPY
Minor currency pairsCurrency pairs with relatively low trading volume. Some cross currencies and other minor currency pairsEUR/NZD, NZD/CAD, CAD/CHF
Exotic pairA combination of developed country currencies and emerging market currencies. Highly volatileUSD/TRY, USD/ZAR, EUR/TRY

Characteristics of currency pairs in overseas forex trading

When using overseas forex brokers, it is essential to understand the differences from domestic forex brokers and the characteristics of each currency pair

Transaction costs, the range of currency pairs offered, and spread trends vary significantly from broker to broker

Knowing the points outlined here beforehand will give you peace of mind for more efficient trading

In particular, be sure to understand the differences between dollar-denominated pairs and cross-yen pairs, as well as the number of pairs and spread trends offered by each broker

There is no difference from domestic FX for the same currency pair

There are no fundamental differences in exchange rates or price movements between overseas and domestic forex brokers, even when trading the same currency pair

Since the market itself is the same worldwide, for pairs like USD/JPY and EUR/USD, all brokers access the same exchange rates

However, actual trading conditions, execution speed, and offered spreads vary from broker to broker

The biggest difference between overseas and domestic forex trading lies in trading conditions such as leverage limits, spreads, and order transparency

Furthermore, overseas forex brokers often offer a wider variety of currency pairs, so it's important to choose an environment that suits your strategy and investment style

When trading, compare not only costs such as spreads and fees, but also withdrawal methods and customer support

Dollar pairs offer more favorable spreads than cross-yen pairs

In overseas forex trading, currency pairs involving the US dollar, known as "dollar pairs," tend to have narrower spreads than cross-yen pairs (pairs involving the Japanese yen)

For example, pairs like EUR/USD, GBP/USD, and AUD/USD have high trading volume and liquidity, making it easier to keep trading costs down

The abundance of information available in dollar-based strategies is one reason why they are chosen by a wide range of traders, from beginners to advanced players

On the other hand, while cross-currency pairs are popular among domestic users, it's important to note that the spreads can be somewhat wider depending on the broker

If cost is a major consideration, you should also consider using dollar-denominated currency pairs

Choose the currency pair that best suits your preferred price movements and trading strategies

The currency pairs offered vary from broker to broker

Overseas forex brokers differ in the number and types of currency pairs they offer

Some dealers offer over 100 different pairs, greatly expanding the range of options available for trading

On the other hand, with minor currency pairs or exotic pairs that have low trading volume, it is not uncommon for spreads to widen and liquidity to be low

When choosing a broker, be sure to check beforehand whether the currency pairs you prioritize are included in their lineup

Furthermore, swap points and transaction fees also differ, so we recommend that you don't simply choose based on the number of available pairs, but rather comprehensively check factors such as ease of use and support system

By choosing a broker that suits your investment style and objectives, you can reduce unnecessary stress and costs

Key points and precautions for beginner FX traders when choosing a currency pair

For beginners in forex trading, the choice of currency pair to start with significantly impacts their future success rate and growth rate

This is because each currency pair has different characteristics, such as the relative calmness of price movements, the ease of gathering information, and the narrowness of the spread

Choosing randomly makes it difficult to win and increases the risk of incurring unnecessary losses

Especially with overseas forex brokers, the wide variety of currency pairs available can be a source of confusion for beginners

This section explains, from eight different perspectives, the key points to consider when choosing currency pairs that are easy for beginners to trade consistently, as well as things to avoid

Understanding how to make the right choices will help you create an environment where you can easily earn money without undue stress

Choose a currency pair that is easy to gather information about

For beginners in forex trading, choosing a currency pair for which information is easily available is the first step towards increasing your chances of winning

This is because currencies with a large amount of information available are easier to predict in advance, and their reactions to economic news and economic indicators are easier to read .

Typical examples include major currency pairs with high trading volume, such as US dollar/Japanese yen (USD/JPY) and euro/US dollar (EUR/USD)

These are attracting attention from financial institutions and individual investors, and there is an environment in place where timely information can be obtained through social media and economic media

Conversely, minor currencies and emerging market currencies have limited information sources, making it difficult to react to unexpected price movements

To improve the accuracy of market analysis and avoid unnecessary risks, it's best to start by choosing a currency for which information is easy to gather

Narrow down the currency pairs you trade

it's generally best to focus on trading only two or three currency pairs from the start, rather than trying to trade many different pairs at once .

focusing on a specific pair is more likely to deepen your understanding of the market than trying out various pairs .

Furthermore, as the number of positions to manage increases, it becomes more difficult to determine fund allocation and stop-loss decisions, making mistakes more likely

For beginners, gaining experience by repeatedly observing and analyzing in small, select groups is ultimately the quickest way to improve .

Gradually increasing the number of pairs as you become more familiar with the process will help you avoid unnecessary losses

Choose a currency pair with high trading volume

When choosing a currency pair, the golden rule is to select one with high trading volume and liquidity .

Currency pairs with high trading volume tend to have narrower spreads (the difference between the bid and ask prices) and are easier to .

Typical examples include USD/JPY (US dollar/Japanese yen) and EUR/USD (Euro/US dollar), both of which are traded by traders all over the world

On the other hand, currency pairs with low trading volume tend to have wider spreads and are more susceptible to sudden price movements, making them generally riskier for beginners .

First, getting used to trading with highly liquid major currency pairs is the first step towards stable trading.

Choose a currency with moderate volatility (fluctuation range)

In forex trading, currency pairs with no price movement offer fewer opportunities to make a profit

On the other hand, if volatility (the range of price fluctuations) is too high, the risk of losses also increases rapidly

Therefore, it is important for beginners to choose currency pairs with moderate volatility

For example, USD/JPY (US dollar/Japanese yen) and EUR/USD (Euro/US dollar) are currency pairs that are easy for beginners to handle because they are not overly volatile and tend to show a consistent trend

With a pair that has moderate volatility, you can trade in an environment where you can easily control risk while aiming for profits

Until you get used to it, it's safer to avoid currency pairs that exhibit extreme price fluctuations and focus on trading stable pairs

Avoid currency pairs with excessively high volatility

In forex trading, there are currency pairs whose price movements are extremely volatile

For example, GBP/JPY (pound/yen) and other pound-related currencies can move by tens of pips in a single day

While it offers the potential for significant profits in a short period, it also carries the risk of rapidly increasing losses

Beginners who invest in these highly volatile currencies risk significant losses due to even minor misjudgments

In particular, when you are still in the early stages of learning how to read charts and manage risk, you are more likely to be swayed by large price fluctuations, making it difficult to make calm judgments

an area that should only be attempted after you have gained sufficient trading experience and analytical skills . Initially, it's important to hone your skills steadily with currency pairs that have relatively calm price movements .

Choose a currency pair with a narrow spread

The spread is the difference between the price at which you "buy" a currency and the price at which you "sell" it, and it represents the actual transaction cost

A wider spread makes it more difficult to make a profit, which is a disadvantage for beginners

For those who trade frequently or want to engage in scalping, a narrow spread is an important factor to consider

Typical low-spread currency pairs include USD/JPY (US dollar/Japanese yen) and EUR/USD (Euro/US dollar)

These currency pairs have high liquidity and stable spreads, which makes it easier to accumulate profits even with small price movements.

First, check the spread conditions of the FX broker you will be using, and it is safest to start trading with currency pairs that have the lowest possible costs

Avoid currency pairs with high negative swap rates

In FX trading, there are "swap points (swap interest)" that are generated daily simply by holding a position

This is an adjustment fee based on the interest rate difference between currencies, and in the case of a negative swap, a fee will be deducted daily .

In particular, holding currency pairs with large negative swap rates for extended periods increases the likelihood that any profits will be offset by transaction fees

Even in short-term trading, this can be a significant cost that cannot be ignored, so caution is necessary

Beginners often don't fully understand how swaps work, so avoid pairs with high swap costs .

Be sure to check the swap information of your FX broker beforehand

Avoid minor currency pairs

Minor currency pairs refer to combinations of currencies with low trading volume and low liquidity

It is characterized by unstable price movements and wide spreads

Furthermore, the lack of information is a major disadvantage

With limited economic indicators and news that could influence market trends, there is a risk that market forecasting will become difficult

should stick to trading major currency pairs at first, as trading these types of currency pairs can lead to unexpected losses .

Once you've become more comfortable with trading and gained confidence in your information gathering and analytical skills, gradually start trying out minor currencies

Summary of key points for choosing currency pairs for FX beginners

pointReasons and explanations
Choose a currency pair that is easy to gather information aboutCurrency pairs with a lot of available information are easier to predict and react to sudden changes in
Narrow down the currency pairs you tradeIt makes management and analysis easier, and makes it easier to grasp the characteristics of price movements
Choose a currency pair with high trading volumeHigh liquidity and narrow spreads make stable trading possible
Choose a currency with moderate volatilityModerate price fluctuations make it easier to balance profit opportunities and risks
Avoid currency pairs with excessively high volatilityBeginners should avoid this because of the risk of significant losses due to sudden price fluctuations
Choose a currency pair with a narrow spreadBy keeping transaction costs low, it's easier to make a profit even with small amounts
Avoid currency pairs with high negative swap ratesLosses tend to accumulate with long-term holding, making it unsuitable for beginners
Avoid minor currency pairsThe lack of information, volatile price movements, and low liquidity result in a high risk of loss

Risks and precautions for minor currency pairs

As mentioned in the previous section, minor currency pairs have less information available and tend to have volatile price movements, making them an option that requires careful consideration for beginners.

While it may appear attractive as a trading asset, it also carries risks such as wide spreads, unstable execution, and rapid market fluctuations

Being attracted by high volatility and jumping in without careful consideration can lead to unexpected losses

Therefore, when considering a trade, it is important to thoroughly understand the characteristics of the currency pair beforehand

This section will provide a detailed explanation of the risks inherent in these minor currency pairs and the precautions you should take when actually trading them

To continue trading FX more safely, it's important to maintain a calm and objective perspective

Main risks associated with minor currency pairs

Minor currency pairs are cross currency pairs that do not include the US dollar, have low trading volume, tend to have wide spreads, or include emerging market currencies .

For example, EUR/NZD (Euro/New Zealand Dollar) and GBP/AUD (Pound/Australian Dollar) are examples of such currency pairs.

These pairs have the following risks:

  • Low liquidity and wide spreads
  • During periods of low trading volume, orders may not be executed as intended
  • Information sources are limited, making it difficult to predict market trends
  • It is susceptible to the influence of policy interest rates and geopolitical risks
  • Sudden factors can cause large movements in one direction

In particular, the biggest risk is that even if sharp price fluctuations occur, it is difficult to predict when the price will rebound, and it becomes difficult to decide when to cut losses

Furthermore, it's not uncommon for spreads to widen from a few pips to over 10 pips, making it unsuitable for frequent trading

Furthermore, some currencies can experience sudden, sharp declines or surges due to changes in policy interest rates or the release of economic indicators, making it increasingly stressful to hold positions in such situations

Points to note when trading minor currency pairs

When choosing a minor currency pair, the most important thing is whether it is a suitable choice for your own trading experience and analytical skills .

Check the following points and be sure to understand the risks before trading

  • Does the overseas forex broker I'm using support that pair?
  • Are the swap points too high (especially negative swaps)?
  • Can you keep track of the schedule for major economic indicators and statements from key figures?
  • Isn't this an environment where slippage and order rejection are likely to occur?

Furthermore, in strategies based on long-term holding, daily swap costs can potentially pressure profits, so caution is advised.

Even when aiming for swap profits, there are many cases where losses due to exchange rate fluctuations outweigh those profits

In addition, for some currencies, news sources may not be in English, which can make gathering information difficult

For these reasons, minor currency pairs can be considered trading targets for intermediate to advanced traders

For beginners, crucial to first develop a basic understanding of market trends by trading major currencies with high trading volumes .

However, if you manage your risks properly and establish a strategy that suits your trading style, minor currency pairs can also be a viable option

The important thing is to choose trading targets that are appropriate to your knowledge, experience, and capital

Easy to win even for beginners! Recommended currency pair rankings for overseas forex trading

For beginners just starting out in FX trading, choosing the right currency pair to begin with is a crucial factor that can determine whether or not they will be successful

This is because each currency pair has completely different price movement characteristics, volatility, information availability, and spread widths

Choosing currency pairs that are easy to win and profit from will help you become more familiar with trading faster and increase your chances of making a profit

This chapter will introduce currency pairs that are particularly easy for FX beginners to start trading with, in a ranking format

The selection criteria include "ease of information gathering," "stability of price movements," "narrow spreads," and "high trading volume."

Gaining experience with these currency pairs and finding a style that suits you is the first step to becoming a successful trader

1st Place: US Dollar/Japanese Yen (USD/JPY) – Stable and easy to gather information on

The US dollar/Japanese yen (USD/JPY) is the most familiar currency pair for Japanese traders and is a safe choice even for beginners

Due to its high global trading volume and extremely high liquidity, it offers excellent order execution and stability

The narrow spreads and the ability to trade while keeping costs down are major advantages

The abundance of information available in economic news and on specialized websites makes it easier to grasp market trends and key indicators, which is another advantage

Because its price movements are relatively stable and it's easier to respond calmly even during sudden changes, it's suitable for those who want to steadily accumulate profits

For your first trade, starting with the USD/JPY pair is a classic and recommended approach

  • It is familiar to Japanese people and easy to gather information about
  • The price movements are relatively stable, and the trends are easy to predict
  • With narrow spreads, you can keep costs down and aim for steady profits

2nd Place: Euro/US Dollar (EUR/USD) – World's largest trading volume, strong trend

The euro/US dollar (EUR/USD) is known as the most traded currency pair in the world

The extremely high trading volume results in high liquidity, and the very narrow spreads make it easy to keep trading costs down, which is a major advantage

Furthermore, it is ideal for practicing technical analysis because it is prone to generating major trends and is well-suited to trend-following and momentum-driven strategies

Because it is easily influenced by economic indicators and policy interest rates in Europe and the United States, one of its attractions is that its market movements are relatively easy to predict

The ease of accessing information is also reassuring for beginners, as a wealth of daily market information can be obtained from various news sites, social media, and specialized media

The price movements are relatively stable and easy to predict, allowing you to gain trading experience without difficulty

As a globally standardized currency pair, it's a well-balanced option that allows you to learn the basics while also aiming for profits

  • Traders from all over the world are trading, and it has very high liquidity
  • The spread is narrow, making it suitable for short-term trading and scalping
  • We are often influenced by economic indicators and policy announcements, which can also be a source of learning

3rd Place: Euro/Japanese Yen (EUR/JPY) – Attractive due to its tendency for trends to develop and its moderate volatility

The Euro/Yen (EUR/JPY) is a popular currency pair in Japan and is particularly easy for beginners to use

Because it is a cross pair that does not use the US dollar, it is prone to unique price movements, which is useful for learning analysis

The volatility is not excessive, allowing for stable trading and making it suitable for short-term trading as well

Furthermore, both the euro and the yen have a wealth of economic information available, making it relatively easy to grasp their trends

As it's the currency of major economic zones, the trading volume is sufficient. The spread is also stable, providing a sense of security

For those who have mastered the basics with dollar pairs like USD/JPY and EUR/USD, this pair is a good choice for the next step

For beginners looking to broaden their trading horizons, this is a viable option

  • The euro-yen pair is a moderately volatile pair that is easy to analyze
  • Despite being a cross pair, it exhibits a certain trend
  • Recommended for those who want to step up from domestic FX trading

Recommended currency pairs for beginners: Summary table

currency pairFeaturesReasons why it's recommended for beginners
USD/JPY (US Dollar/Japanese Yen)High liquidity and stable price movements. Abundant information availableLow cost and easy for beginners to make a profit
EUR/USD (Euro/US Dollar)The world's largest trading volume, strong trend-drivenIt's rich in information, easy to predict, and leads to learning
EUR/JPY (Euro/Japanese Yen)Trends are likely to occur, and there is moderate volatilityIt allows you to achieve both high earning potential and improved analytical skills

For advanced traders! A ranking of currency pairs and instruments that are easy to profit from in overseas forex trading

Intermediate and advanced traders who have become familiar with FX are recommended to trade currency pairs or instruments with high volatility in order to aim for higher returns

These stocks experience significant price fluctuations, offering the opportunity to make substantial profits in a short period. However, this also means that the risks are considerably higher, requiring experience and sound judgment

In this section, currency pairs and instruments that are particularly popular among advanced traders because they are easy to profit from , and we will explain their characteristics, risks, and points for use.

The ranking includes currency pairs with high volatility suitable for short-term trading, and combinations that allow you to aim for swap profits by taking advantage of interest rate differentials

While any of these methods could lead to losses if money management is poor, they should be attractive options for those who have honed their trading skills

Identify currencies and securities that offer opportunities for aggressive profit-seeking, based on your preferred trading style and risk tolerance

1st Place: British Pound/US Dollar (GBP/USD) – High price volatility, suitable for short-term trading

The British pound/US dollar (GBP/USD) is a currency pair that is particularly volatile among major currency pairs and is highly popular among short-term traders

Because it reacts sensitively to economic indicators, statements from key figures, and geopolitical news from both the UK and the US, fluctuations of tens of pips in a single day are not uncommon

Due to its high volatility, it offers the potential for large profits, but it also carries the risk of significant losses if the market moves in the opposite direction. Therefore, accurately identifying entry points and thorough money management are essential.

With relatively narrow spreads, it's suitable for scalping and day trading, and it's easy to use for both discretionary and automated trading

However, setting stop-loss orders in advance to prepare for sudden price fluctuations is key to risk avoidance

the ability to quickly analyze market trends and the composure to make sound stop-loss decisions , making it a pair best suited for advanced traders.

2nd Place: Euro/Turkish Lira (EUR/TRY) – Suitable for long-term strategies aiming for high swap rates

The Euro/Turkish Lira (EUR/TRY) is a prime example of what is known as an "exotic currency pair."

the extremely high swap points, thanks to its combination with the Turkish lira, a high-interest currency .

Because long-term positions allow for the accumulation of swap income, this stock is attractive to advanced traders aiming for asset management-type trading

However, Turkey is a region prone to political and economic instability and frequent abrupt changes in interest rate policies, meaning there is always a risk of significant fluctuations in the exchange rate

Since interest rate fluctuations and sudden economic news can sometimes trigger stop-loss orders, essential to balance risk management with long-term strategies .

This currency pair is suitable for have ample funds and strong self-discipline, remaining mentally stable

3rd Place: Gold – Attractive due to its volatile price movements and high return/high risk potential

Gold (XAU/USD), although not a currency pair, is a popular instrument that can be traded just like a currency pair by many overseas forex brokers

Prices are highly sensitive to global instability, inflation concerns, and changes in monetary policy, and it's not uncommon for them to fluctuate significantly in a short period of time

While technical analysis is often effective, the market is also sensitive to sudden risk-off trends, meaning that the timing of stop-loss and profit-taking often determines success or failure

Furthermore, because gold sometimes exhibits an inverse correlation with stocks and currencies, it is also effective for diversifying a portfolio with other assets

However, because the price movements are volatile, you need to pay close attention to money management and lot size adjustments

a trading instrument that appeals to advanced traders, possessing speed, judgment, boldness, and caution .

Recommended currency pairs and symbols for advanced traders: Summary Table

Currency pairs/instrumentsFeaturesReasons why it's recommended for advanced players
GBP/USD (British Pound/US Dollar)The price fluctuates significantly, and the volatility is highSuitable for short-term trading, and technical analysis is easily effective
EUR/TRY (Euro/Turkish Lira)High interest rates, high swap rates, and high volatility riskIdeal for long-term swap trading. Suitable for intermediate to advanced traders who can manage risk
GOLDCharacterized by rapid price fluctuations and unique trendsHigh risk, high return. Effective for diversified investment and short-term profit-seeking

Top 5 Overseas Forex Brokers with a Wide Range of Currency Pairs

When using overseas forex brokers, the number of currency pairs they offer varies greatly from broker to broker

The more trading pairs you can trade, the wider your range of strategies becomes, allowing you to trade in a way that suits your preferences

This section ranks the top five major overseas forex brokers, highlighting those with the largest number of currency pairs

Pay attention to the differences in each broker's features and the number of currency pairs they offer, and use this information to help you choose the broker that's right for you

Rank 1: Exness – Number of currency pairs: Over 100

Source: Exness

Exness is an overseas forex broker that boasts one of the largest numbers of currency pairs in the industry

With over 100 different currency pairs available for trading, it caters to a wide range of needs, from major currencies to minor and exotic currencies

Exness offers a wide selection of currency pairs, allowing for flexible trading tailored to your strengths and strategies

With relatively narrow spreads and high-level execution capabilities and trading environment, it is popular among intermediate and advanced traders

With excellent trading conditions and support, it's also recommended for diversified investments across multiple currencies and system trading

If you're looking to find the perfect combination from a wide range of options, be sure to check it out

2nd Place: iFOREX – Number of currency pairs: 80+

Source: iFOREX

iFOREX stands out among overseas forex brokers for its wide variety of currency pairs

We offer over 80 different currency pairs, covering not only major pairs but also pairs with relatively low trading volume

iFOREX actively supports not only major currencies but also minor and emerging market currencies, making it suitable for a wide range of investment strategies

The spreads are at the industry standard level, and the account opening and support processes are simple and easy to understand

This broker is recommended for those who want to handle a wide range of pairs or those who aim for a diversified investment strategy

3rd Place: Titan FX – Number of currency pairs: Approximately 70

Source: Titan FX

Titan FX is an overseas forex broker that has gained the support of many investors by offering approximately 70 currency pairs

Its appeal lies in its wide range of currencies, from major currencies to minor and exotic currencies

Titan FX boasts a highly transparent trading environment, narrow spreads, and fast execution capabilities

Furthermore, with professional-grade trading tools and a wide variety of account types to choose from, it can be used by a wide range of users, from beginners to advanced traders

This broker offers trading options tailored to your preferences and strategies

4th Place: Land Prime – Number of Currency Pairs: 68

Source: Land Prime

Land Prime is an overseas forex broker that offers 68 currency pairs

With comprehensive coverage of major currency pairs as well as unique minor currency pairs, we can meet a wide range of investment needs

Land Prime's strengths lie in its stable execution capabilities and reliable support system

It also features a simple account opening process and an easy-to-use trading platform

This is suitable for those who want to find a currency pair that suits them, or those who aim to diversify their investments across different currencies

5th Place: Axiory – Number of currency pairs: 61

Source: Axiory

Axiory is a highly capable overseas forex broker that handles 61 different currency pairs

Its wide range of currency pairs is a major attraction, covering not only major currency pairs but also minor currency pairs that offer investment opportunities

Axiory offers easy-to-understand trading conditions and high transparency, making it a user-friendly environment even for beginners

The spreads and execution speed are stable, and the customer support is highly regarded for its friendly and helpful service

If you're looking for a well-balanced service provider, consider adding Axiory to your options

Summary table of currency pair rankings

You can scroll horizontally
Company name (English name)Number of currency pairsFeatures and Points
1st place: Exness
Over 100 typesAn overwhelming number of currency pairs. Supports all major, minor, and exotic currencies, with narrow spreads
2nd place: iFOREX
Over 80 typesSupports major currencies to emerging market currencies. Can be used for a wide range of investment strategies
3rd place: Titan FX
Approximately 70 typesExcellent balance of execution speed and spreads. A professional-grade trading environment
4th place: Land Prime
68 typesStable execution capabilities and comprehensive support system
5th place: Axiory
61 typesThe trading conditions are easy to understand, making it suitable for beginners. Its strength lies in its good balance

, are highly ranked in our ranking of popular and recommended overseas forex brokers, which is based on actual customer reviews and feedback

Frequently Asked Questions about Currency Pairs in Overseas Forex Trading

When trading currency pairs in overseas forex brokers, various questions and anxieties tend to arise

From swap points and the characteristics of each currency pair to whether or not it's worth trading, there are many points that interest both beginners and advanced traders

This section provides practical and easy-to-understand answers to some of the most frequently asked questions

Resolving any questions or concerns beforehand will allow you to proceed with the transaction with greater peace of mind

This information can be helpful in choosing the right currency pair for you and in managing your investments, so please use it as a reference

Q. What does "swap-free" mean?

Swap-free refers to account types or services that allow trading without incurring swap points (adjustments due to interest rate differences between currencies), or with very low swap points

These are typically offered to countries or investors where the accrual of swap points is prohibited or restricted due to specific religious circumstances or regional requirements

By using a swap-free account, you can avoid the risk of losses due to swap points, as you will not incur daily interest charges even if you hold a position for a long period of time

However, swap-free accounts may have higher transaction fees than regular accounts, so be sure to check the costs beforehand

This is a suitable option for those who want to invest for the medium to long term without worrying about swap points, or for those who wish to invest in a way that respects Islamic law

Q. What are some methods for market analysis using currency pairs?

There are mainly two types of market analysis using currency pairs: "fundamental analysis" and "technical analysis."

Fundamental analysis is a method of determining the major trends and direction of the market by referring to economic indicators, interest rates, political news, and other factors

On the other hand, technical analysis uses charts and past price movements to predict future trends and buying/selling timings

The basis of market analysis is to assess the situation from multiple perspectives, using both fundamental and technical analysis

Beginners in FX trading should start by learning the basics of technical analysis, such as moving averages and how to interpret support and resistance levels

Combining the influence of news and economic indicators improves the accuracy of trades

Find an analysis method that suits you, and improve your skills through practice

Q. Is the South African rand/yen pair worth trading?

The South African rand/Japanese yen (ZAR/JPY) is known as a high-interest currency and is often attracting attention as a trading strategy aimed at earning swap points

However, it is important to note that exchange rates in emerging countries are prone to sharp fluctuations and liquidity is limited

It's important to understand not only the benefits of high-interest swaps, but also the drawbacks, such as the risk of sharp price drops and increased costs due to decreased liquidity

Beginners should first gain experience with major currency pairs, and only attempt more advanced trading after acquiring sufficient knowledge and money management skills

Starting with small amounts and thoroughly hedging your risks makes it easier to prevent losses

Q. Which FX currency pair has the highest volatility?

Currency pairs with high volatility include pound-based pairs (such as GBP/JPY and GBP/USD) and exotic currency pairs (such as USD/TRY and USD/ZAR)

These pairs can experience large price fluctuations in a short period, offering the potential for significant profits in a single trade, but conversely, the risk of losses also increases dramatically

When trading currency pairs with volatile price movements, it is extremely important to decide on stop-loss rules in advance

Major currency pairs with high trading volume (such as USD/JPY and EUR/USD) are relatively stable, so they are recommended for beginners

Choose the currency pairs you trade based on your risk tolerance and trading style

Q. Which currency pairs tend to trade within a range?

A range-bound market refers to a situation where the market price fluctuates within a certain price range

USD/JPY (US dollar/Japanese yen) and EUR/CHF (Euro/Swiss franc) are currency pairs that tend to trade within a relatively wide range

Trends tend not to last long, and buying and selling tend to be repeated within a certain range

For currency pairs that tend to trade within a range, counter-trend strategies and small trades within that range are effective

However, trends can emerge suddenly, so always trade while adhering to stop-loss levels and money management rules

It's important to observe daily price movements and chart patterns, and not miss the transitions between range-bound and trending markets

Summary | We explained how to choose currency pairs that are easy to profit from in overseas forex trading and what to watch out for

To consistently aim for profits in overseas forex trading, it is extremely important to carefully choose which currency pairs to trade

This article provides a detailed explanation of the characteristics of currency pairs suitable for both beginners and advanced traders, key points for choosing a currency pair, and the risks associated with minor currencies

Furthermore, we cover the differences between currency pairs and compare the number of pairs offered by different FX brokers, making it easier to find a strategy that suits your trading style

[Summary of key points]

  1. For beginners, the golden rule is to prioritize "a lot of information," "stability," and "narrow spreads."
  2. Advanced traders aim for high returns by utilizing "volatility" and "swap strategies."
  3. Minor currencies are highly volatile and risky, so careful consideration is necessary
  4. The number of currency pairs offered varies greatly from broker to broker. Choosing a broker that suits your needs is also important
  5. Focusing on a limited number of trading targets, understanding the characteristics of each currency, and gaining experience is the shortest path to success

Simply reviewing your currency pair selection can significantly improve your trading performance

Please use this article as a reference to choose the currency pair and broker that suits you best, and aim for better results in overseas forex trading

Please steadily build up your growth while carefully controlling the risks

Ryota Ito

If there were a currency pair that was easy to profit from in overseas forex trading, everyone would target that pair, right? However, to do so, you need to understand the characteristics of each currency. Also, your own compatibility with a particular currency pair will be important.
For forex beginners, it's a good idea to start with something easy to understand like the USD/JPY pair and gradually find a currency pair that suits you and is easy to trade. Advanced traders can use volatility for short-term trading, or utilize swap points for medium- to long-term trading. Initially, it's better to focus on a few currency pairs and become familiar with them rather than investing in many different pairs. Then, aim to make money with a currency pair that you find easy to trade.

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