Major, Minor & Exotic currency pairsIn the world of currency trading, all the different currency pairs are placed in 3 categories’. We MajorsThe major currency pairs all contain the US Dollar on one side — Either on the base - EUR/USD - USD/CHF Minors:Currency pairs that do not contain the US Dollar are known as minors. Historically, if With the introduction of currency crosses we no longer have to do this tedious EUR/GBP -CHFAPY Exotics:Exotic currency pairs are made up of a major currency paired with the currency of an — EUR/TRY - USD/ZAR Leverage:In Forex, investors use leverage to profit from the fluctuations in exchange rates To trade $100,000 of currency, with a margin of 1%, an investor will only have to Although 100:1 may seem extremely risky, the risk is significantly less when you Although the ability to earn significant profits using leverage is substantial, leverage Margin:Margin is the amount of money you need to open a position on your Forex account. How higher the leverage chosen, the higher the available margin percentage will be! This is also the reason why you need to be very careful with the amount of positions
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