Available Currency Pairs
Forex Pairs on tastytrade
Forex trading offered through tastyfx includes 20 US dollar pairs and 60+ non-USD pairs:
Popular USD Pairs
- EUR/USD
- AUD/USD
- USD/CAD
- GBP/USD
- USD/JPY
- USD/CHF
- NZD/USD
Popular Non-USD Pairs
- EUR/GBP
- AUD/CAD
- GBP/JPY
- EUR/JPY
- AUD/JPY
- NZD/CAD
- EUR/AUD
- AUD/NZD
Other Non-USD Pairs
- EUR/CAD
- EUR/NZD
- AUD/CHF
- EUR/CHF
- CAD/CHF
- NZD/CHF
- CHF/JPY
- CAD/JPY
- NZD/JPY
- GBP/AUD
- GBP/NZD
- GBP/CHF
- GBP/CAD
- GBP/EUR
Scandinavian
- USD/SEK
- EUR/SEK
- GBP/SEK
- NOK/SEK
- SEK/JPY
- USD/NOK
- EUR/NOK
- CHF/NOK
- GBP/NOK
- NOK/JPY
- CAD/NOK
- USD/DKK
- EUR/DKK
- GBP/DKK
Emerging USD
- USD/MXN
- USD/ZAR
- USD/SGD
- USD/HKD
- USD/CNH
- USD/TRY
- USD/ILS
- USD/PLN
- USD/CZK
- USD/HUF
Emerging Non-USD
- EUR/MXN
- MXN/JPY
- GBP/MXN
- EUR/ZAR
- ZAR/JPY
- GBP/ZAR
- EUR/SGD
- AUD/SGD
- SGD/JPY
- GBP/SGD
- EUR/CNH
- CAD/CNH
- AUD/CNH
- NZD/CNH
- CNH/JPY
- GBP/CNH
- EUR/TRY
- TRY/JPY
- GBP/TRY
- EUR/ILS
- GBP/ILS
- EUR/PLN
- PLN/JPY
- GBP/PLN
- EUR/CZK
- GBP/CZK
- EUR/HUF
- CHF/HUF
- GBP/HUF
Base and Quote Currency Explained
In every forex pair, the first currency is the base currency, representing the quantity being traded, while the second is the quote currency, showing how much is needed to buy one unit of the base. For example, EUR/USD with a price of 1.1200 means that one euro (base) costs 1.1200 US dollars (quote). When the exchange rate rises, it means the base currency is strengthening against the quote currency, allowing traders to profit by buying the pair when they expect the base to strengthen or selling when they anticipate it will weaken.
FAQs
There are many types of currency pairs, but most forex providers classify forex pairs generally by Major or Minor depending on the volume their trading commands globally. Major currencies are often held by countries around the world and provide stable liquidity and are typically backed by their governments. These include the US dollar, euro, British pound and Japanese yen. Here in the US, it can also be helpful to classify currency pairs by USD and non-USD pairs, as noted above.
The 7 major currency pairs are the most frequently traded pairs around the world and make up the majority of global fx transactions. They are: EUR/USD, USD/JPY, GBP/USD, USD/CAD, USD/CHF, AUD/USD, and NZD/USD.
While US dollar pairs dominate the global fx market, certain non-dollar pairs are still highly liquid and popular among forex traders. These non-dollar, or cross-currency, pairs include: EUR/GBP, EUR/JPY, EUR/CHF, EUR/CAD, AUD/JPY, and GBP/JPY.
The most traded currency pair in the world is euro-US dollar (EUR/USD). This forex pair alone often represents 30% of the total fx trading volume in a given year.
With over 80 currency pairs available to trade, traders can begin their trading journeys with any that fit their trading strategy and expertise. Typically, traders start with major currency pairs like EUR/USD, USD/JPY, and AUD/USD for their liquidity, low transaction costs, and reactivity to major market events.
Ready to Diversify Your Portfolio?
Forex trading offered by tastyfx LLC (“tastyfx”), an affiliate company of tastytrade, Inc. ("tastytrade"). Both companies are under common control through IG US Holdings, Inc. tastytrade and tastyfx are separate legal entities, have separate businesses and are not responsible for each other’s products, services, or policies.
This is for informational purposes only. It is not trading or investment advice nor should it be considered as a recommendation. All investments involve risk of loss. Please carefully consider the risks associated with your investments and if such trading is suitable for you before deciding to trade certain products or strategies. You are solely responsible for making your investment and trading decisions and for evaluating the risks associated with your investments.