{"version":"1.0","provider_name":"For overseas forex cashback services, try Money Charger","provider_url":"https://money-charger.com/en/","author_name":"admin","author_url":"https://money-charger.com/en/author/admin/","title":"Recommended Currency Pair Ranking for Overseas Forex Trading | Explanation of Easy-to-Win Currency Pairs and Their Characteristics - Money Charger (Overseas Forex Cashback Service)","type":"rich","width":600,"height":338,"html":"<blockquote class=\"wp-embedded-content\" data-secret=\"pFEE5pZ8sT\"><a href=\"https://money-charger.com/en/information/overseas-fx-currency-pairs/\">Recommended Currency Pairs for Overseas Forex Trading | Explanation of Easy-to-Win Currency Pairs and Their Characteristics</a></blockquote><iframe sandbox=\"allow-scripts\" security=\"restricted\" src=\"https://money-charger.com/en/information/overseas-fx-currency-pairs/embed/#?secret=pFEE5pZ8sT\" width=\"600\" height=\"338\" title=\"&amp;quot;Recommended Currency Pair Ranking for Overseas Forex Trading | Explanation of Easy-to-Win Currency Pairs and Their Characteristics&amp;quot; &#x2014; Money Charger (Overseas Forex Cashback Service)\" data-secret=\"pFEE5pZ8sT\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\" class=\"wp-embedded-content\"></iframe><script type=\"text/javascript\">\n/* <![CDATA[ */\n/*! This file is auto-generated */\n!function(d,l){\"use strict\";l.querySelector&&d.addEventListener&&\"undefined\"!=typeof URL&&(d.wp=d.wp||{},d.wp.receiveEmbedMessage||(d.wp.receiveEmbedMessage=function(e){var t=e.data;if((t||t.secret||t.message||t.value)&&!/[^a-zA-Z0-9]/.test(t.secret)){for(var s,r,n,a=l.querySelectorAll('iframe[data-secret=\"'+t.secret+'\"]'),o=l.querySelectorAll('blockquote[data-secret=\"'+t.secret+'\"]'),c=new RegExp(\"^https?:$\",\"i\"),i=0;i<o.length;i++)o[i].style.display=\"none\";for(i=0;i<a.length;i++)s=a[i],e.source===s.contentWindow&&(s.removeAttribute(\"style\"),\"height\"===t.message?(1e3<(r=parseInt(t.value,10))?r=1e3:~~r<200&&(r=200),s.height=r):\"link\"===t.message&&(r=new URL(s.getAttribute(\"src\")),n=new URL(t.value),c.test(n.protocol))&&n.host===r.host&&l.activeElement===s&&(d.top.location.href=t.value))}},d.addEventListener(\"message\",d.wp.receiveEmbedMessage,!1),l.addEventListener(\"DOMContentLoaded\",function(){for(var e,t,s=l.querySelectorAll(\"iframe.wp-embedded-content\"),r=0;r<s.length;r++)(t=(e=s[r]).getAttribute(\"data-secret\"))||(t=Math.random().toString(36).substring(2,12),e.src+=\"#?secret=\"+t,e.setAttribute(\"data-secret\",t)),e.contentWindow.postMessage({message:\"ready\",secret:t},\"*\")},!1)))}(window,document);\n//# sourceURL=https://money-charger.com/wp-includes/js/wp-embed.min.js\n/* ]]> */\n</script>\n","description":"Overseas forex brokers offer a significantly larger number of currency pairs than domestic forex brokers, providing a wide range of choices from major currencies to minor and exotic currencies. However, with so many currency pairs available, many people may wonder, \"Which one is easiest to win with?\" or \"Are there any currency pairs that even beginners can profit from?\" This article aims to answer these questions by carefully selecting and introducing recommended currency pairs for overseas forex trading from the perspective of ease of winning and profitability. We will explain the characteristics of recommended pairs and points to consider when choosing them, divided into beginner and advanced levels. Furthermore, we will broadly cover topics such as currency pair classifications, differences between brokers, and the risks of minor currencies that you should be aware of. ■What you will learn from reading this article Choosing the right currency pair is a crucial element for generating stable profits in forex trading. Find the currency pair that suits you and aim for better results with overseas forex trading. Beginners are advised to read the Complete Guide to Overseas Forex Trading for Beginners. Understanding the Basics of Currency Pairs To aim for stable profits in forex trading, it is essential to have a solid understanding of the basics of currency pairs. Understanding the difference 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. Here, we will gently and carefully explain the basics of currency pairs, their classification, and important points, which are the very foundation of FX. This content is useful not only for beginners but also for advanced traders looking to review their knowledge. Be sure to solidify your foundation and aim to become a smarter trader. The Role of Base Currencies and Settlement Currencies FX transactions are always conducted in the form of \"currency pairs.\" The currency listed first is the \"base 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,\" and conversely, selling USD/JPY means \"selling US dollars and buying yen.\" Understanding this rule will naturally help you understand the direction of buying and selling and the meaning of exchange rates. For example, if \"USD/JPY=155.00\" is displayed, it means that 155 yen is needed to obtain 1 dollar. Understanding the difference between the base currency and the settlement currency can significantly reduce the risk of confusion in trading direction and profit/loss calculations. Until you become familiar with it, it is important to always be aware of which is the base currency when placing orders. Mastering these basics will help prevent trading errors and losses. Classification of Major and Minor Currency Pairs Currency pairs are classified into \"major currency pairs\" and \"minor currency pairs.\" Major currency pairs are combinations that include the US dollar (USD) and have a high trading volume worldwide. Representative examples include EUR/USD (Euro/US Dollar), USD/JPY (US Dollar/Japanese Yen), and GBP/USD (British Pound/US Dollar). These have high liquidity and narrow spreads, making them recommended for beginners. On the other hand, minor currency pairs mainly consist of combinations 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 (British Pound/Australian Dollar), and NZD/CAD (New Zealand Dollar/Canadian Dollar). Because minor currency pairs have limited trading volume, they tend to have more volatile price movements. Exotic currency pairs often have wide spreads and limited information, so you need to choose them based on your risk tolerance and experience. It's important to create an environment where you can make calm decisions. What are exotic currency pairs? Exotic currency pairs are pairs that combine the currencies of developed countries with those of emerging countries. Examples include USD/TRY (US dollar/Turkish lira) and USD/ZAR (US dollar/South African rand). These currency pairs have lower trading volume and tend to have larger price movements compared to major and minor currency pairs. While it's possible to aim for large profits in a short period, the reality is that you also have the possibility of suffering losses of a similar magnitude. Exotic currency pairs have low liquidity and limited information, so it's important to be aware that unexpected price movements are likely to occur. They are high-risk for beginners, so start by thoroughly understanding their characteristics. If you do trade them, it is important to thoroughly implement risk management measures such as money management and stop-loss settings. Consider them a trading target for advanced traders, and choose a pair that suits your style and experience without overextending yourself. Differences between straight pairs and cross pairs Currency pairs are also categorized into \"straight pairs\" and \"cross pairs\". Straight pairs are currency pairs that include 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 volume 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. Representative 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. This is not a problem with highly liquid pairs, but caution is needed when trading pairs of minor currencies. Understand the characteristics of each and choose a pair that suits your analytical skills and experience. Currency Pair Classification Summary Table (Scroll horizontally) Classification Characteristics/Definitions Main Examples Major Currency Pairs Major currency pairs including the US dollar with high global trading volume, such as EUR/USD, USD/JPY, GBP/USD Straight Pairs All currency pairs including the US dollar (mostly major), such as USD/JPY, EUR/USD, USD/CHF Cross Pairs Combinations of major currencies that do not include the US dollar, such as EUR/GBP, GBP/AUD, AUD/JPY Minor Currency Pairs Currency pairs with low trading volume. Some cross currencies and other minor currencies. EUR/NZD, NZD/CAD, CAD/CHF Exotic Pairs Combinations of developed country currencies and emerging market currencies. Highly volatile USD/TRY, USD/ZAR, EUR/TRY […]"}