The most popular currency pairs in the Forex market are known as the majors, which include EUR/USD, USD/JPY, GBP/USD, USD/CHF, AUD/USD, USD/CAD, and NZD/USD. These pairs are heavily traded and highly liquid, representing major world economies.
Currency pairs often move in similar ways due to factors such as global economic conditions, central bank policies, and political events. Traders can use their knowledge of these correlations to their advantage by looking for opportunities to trade pairs in the same direction.
However, traders should be aware that correlations between currency pairs can change over time and may not always be reliable. It's important to conduct thorough analysis and use risk management strategies to minimize potential losses.
