The Most Profitable Currencies In Foreign Exchange 2018 The 24x7 Forex trading market has become an incredibly lucrative ground for traders around the world. Housing trillions of dollars in value, foreign exchange has transitioned into a way of life for many! It provides immense versatility to traders in terms of strategizing, selecting timeframes and picking currencies! From the several pairs provided, not all will yield profits. Depending on various economic conditions, some are more profitable, some not so. Hence, stellar knowledge of currency pairs is necessary! Predominant Currencies in the World:
Economies are ever-changing, with several factors influencing it; import/export, politics, and markets define how a country and its coinage functions. The US dollar, of all other currencies, is the most dominant one. The US has an incredible economy, to the point where USD is accepted in several countries as payment! Currencies that are more liquid are considered to be more profitable. Keeping
this as a factor, we can say that EUR/USD is one of the most lucrative Forex pairs. Currency trading is extremely volatile and unpredictable. Within this ecosystem, no pair can be permanently successful. Depending on the economic factors, any currency can go up or down. Though usually, the top Forex pairs have higher financial power, even lower end currencies can yield mighty well! An adept trader can turn any opening into a good one. Dominant Currency Pairs to Trade: The top three currencies in Forex are: 1) USD/EUR: The top currency pair in Forex, this has the lowest spread compared to others. Additionally, it has surprisingly low volatility, unlike other pairs! For beginners who want to start from the top, this can provide a superb initiation. Since foreign exchange has been pursued by traders for a long time, there's a lot of research material already available! 2) USD/GBP: Slightly risky, but immensely profitable - this currency combination serves as an immensely risky venture. It is one of the most volatile pairs but also yields best. Despite of its dangerous nature, several traders prefer working with it due to hefty analytic information being available. 3) USD/JPY: With much lower spreads and evergreen trends, USD/JPY offers a tremendous environment for traders to exist in. It provides healthy profits and doesn't exhibit too much volatility either, making it a good selection for traders. Backed by good research, you can make profits from any currency pair! Forex is governed by research and practice; without ample of each, winning at the foreign exchange is a dream. Want to climb to the top of Forex? Get yourself an amazing Forex broker - WesternFX! Our brokerage will ensure you dominate trades irrespective of the currencies and environment! Call us today to know more.