Top currency couples to trade right now!
- by Anna K.
For a lot of us currency trading can be both – one of the means to earn money and a mystery world with a lot of inhabitants and a lot of options of mixing and matching. But sometimes a wide choice can bring us to a pickle – the more choice we have, the more difficult it is for us to make one.
So. In the sea of trading options, what currency couple are going to be the most profitable for us.
We’ll start with the most popular ones:
70 percent of all of the currency trading belongs to this couple. It is undoubtedly the most popular and the most stable relationship in the market. Of course, we gave seen the ups and downs of this relations, we can see them every week, unfortunately, but in the end nothing can avert us from it.
It is important to remember that yen it tightly connected with the export level from the country. That is why the relations between the two are so shaky. Even though there is no reason for you to discard USD/JPY. It a celebrity couple for the markets. I can just say that it is not for beginners. It is better to turn to trading it when you have already gained experience.
It is also easy to look out for the possible movements as the monetary relations between the two are super old and whatever can happen in the future has already happened in the past, so it is perfect for learning and gaining experience.
Swiss franc has only been gaining popularity in several last decades. But even in this short time is has managed to do what other currencies can’t achieve in the whole course of their history – the status of safe haven. Right now when everything else sinks, CHF stay afloat. It is clear why its pairing with dollar is so popular nowadays.
And here are less popular, but still profitable couples.
Turkish lira has come into the attention of traders last years after the conflict between USA and Turkey shook up the national currency and sank it to the lowest level in a long time. But we can look at the dynamic if the currencies now and after the decide whether we want to have any business with them.
An unusual pairing is gaining more and more attention due to two completely different interest rates between the countries. That makes them so appealing – we can make money simply on playing off interest rates between the currencies.
They are so interesting together, that I guarantee, you are not going to be able to withstand.
This couple, unlike the previous ones goes well together because both of the currencies have something in common – oil. Canada is one of the biggest exporters of oil in the world and it is not surprising that its exchange rate is fully dependent on the price for the crude.
Of course, other currency couples can also go into this list, but we have stopped on the most popular members of trading society.