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What are Major, Minor, Cross and Exotic Currency Pairs? [ Ссылка ] PLEASE LIKE AND SHARE THIS VIDEO SO WE CAN DO MORE!
GBP/JPY/EUR/CHF/AUD/CAD are the main currencies. Majors would involve one major currency against another major one. EUR/USD accounts for 30% the world's currency trading so its a bit hefty amount of volume.
Then we have the commodity currencies such as AUD/USD, USD/CAD, NZD/USD. They are called commodity currencies because the countries involved have a lot of commodities and their foundations are built on exploiting those resources. EUR/TRY would be an exotic pair - you are pairing off a major economy against an 'exotic'. If you're trading exotics you probably want to pair them against one of the majors. Pairing exotics with each other will mean less liquidity and wider spreads.
