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How Many Pairs In Forex Trading
When asking how many pairs in forex trading exist, the answer depends on the broker, market structure, and how currency pairs are classified. Traders can access dozens of currency pairs, but they’re commonly grouped into majors, minors, and exotics.
This article explains the total number of forex trading pairs available, how they’re categorised, and how to choose the best ones to trade based on liquidity, volatility, and strategy.
Key Takeaways
- The forex market offers over 100 currency pairs, but most volume comes from a handful of majors.
- Pairs are divided into majors, minors, and exotics.
- Choosing the right pair depends on spreads, volatility, and trading strategy.
- Beginners should focus on high-liquidity pairs like EUR/USD and GBP/USD.
- Exotics involve higher risk due to wider spreads and lower liquidity.
Total Number of Forex Pairs
While some brokers offer 60–100+ pairs, most traders work with:
- 7 Major Pairs
- 21 Minor Pairs
- 50+ Exotic Pairs (depending on broker)
So in total, there are typically around 70–100 forex trading pairs available, though not all are recommended for regular trading due to low volume.
Forex Pair Classifications
1. Major Pairs
These include the USD and are the most traded globally:
Pair | Description |
---|---|
EUR/USD | Euro / US Dollar |
USD/JPY | US Dollar / Japanese Yen |
GBP/USD | British Pound / US Dollar |
USD/CHF | US Dollar / Swiss Franc |
USD/CAD | US Dollar / Canadian Dollar |
AUD/USD | Australian Dollar / US Dollar |
NZD/USD | New Zealand Dollar / US Dollar |
2. Minor Pairs (Crosses)
Do not include USD but involve major global currencies:
Example Pairs |
---|
EUR/GBP |
EUR/JPY |
GBP/JPY |
AUD/JPY |
CHF/JPY |
EUR/AUD |
GBP/CHF |
There are approximately 21 minor pairs, depending on which major currencies are crossed.
3. Exotic Pairs
Combine a major currency with one from an emerging economy:
Example Pairs |
---|
USD/TRY (US Dollar / Turkish Lira) |
USD/SEK (US Dollar / Swedish Krona) |
EUR/ZAR (Euro / South African Rand) |
GBP/SGD (British Pound / Singapore Dollar) |
USD/MXN (US Dollar / Mexican Peso) |
These pairs are more volatile and less liquid, often with wider spreads and higher slippage risk.
How to Choose the Right Forex Pair
In the Forex Course, traders are taught to select pairs based on volatility, trading hours, and alignment with macroeconomic news.
For example, one student, Adeel from Lahore, only traded GBP/JPY and EUR/USD. By narrowing his focus to two volatile, high-liquidity pairs, he was able to master their behaviour, reduce analysis time, and increase profitability over time.
Tips for Pair Selection
Tip | Why It Helps |
---|---|
Focus on 2–4 pairs | Reduces analysis paralysis and improves mastery |
Trade during peak sessions | Tighter spreads and better price action |
Avoid exotics as a beginner | Higher risk due to wide spreads and low volume |
Use pair-specific strategies | Each pair behaves differently due to its volatility profile |
Frequently Asked Questions
How many currency pairs are available in forex trading?
There are approximately 70 to 100 currency pairs, including major, minor, and exotic pairs.
What are the 7 major currency pairs in forex?
EUR/USD, USD/JPY, GBP/USD, USD/CHF, USD/CAD, AUD/USD, and NZD/USD.
Which currency pair is best for beginners?
EUR/USD is best for beginners due to its low spread, high liquidity, and stable price behaviour.
Are exotic currency pairs worth trading?
They can offer higher returns but come with increased risk due to wider spreads and lower liquidity.
Can I trade all forex pairs with any broker?
No, the number of available pairs depends on the broker and account type.