As a Forex trader, you certainly know that the USD is by far the most traded currency in the world.

Forex Trading - How Forex Trading Works at XM

But what about the other currencies? And how important are the U. We have evaluated the statistical data from the Bank for International Settlements BIS which has been published in this document.

What Is The Forex Market? - zuwywakybobu.web.fc2.com

All data are daily averages for April The daily global Forex trading volume amounts to a total of 4 trillion dollars. According to the statistics, these three currency pairs amount for half of global trade volume:.

Forex Trading Markets - zuwywakybobu.web.fc2.com

In positions four to ten follow: Altogether, the top ten currency pairs are responsible for three-quarters of all FX trades. A similar picture emerges when one considers not the currency pairs, but the single currencies.

As you can see in the following pie-chart, the U. Dollar, the Euro, the Yen or the British Pound are involved in more than three quarters of all currency transactions worldwide. As you can see from this table, significantly less important compared to USD, EUR, JPY, GBP, AUD, CHF and CAD are currencies such as the Swedish Krona or the New Zealand dollar:.

That does not mean that the minor currencies cannot be traded because that market is less liquid.

Just as an example: Also with this currency pair, buyers and sellers are matched within a very short time frame during an FX trade. Please note that not all Forex brokers offer an equally large number of FX pairs.

Depending on the broker, these figures can vary between about 20 and more than If you are looking for a broker where you can trade more exotic currencies online, then you should check that figure before signing up. In our table on BrokerReviews. Over a hundred currency pairs can be traded for example with easyMarkets , a broker which we recommend you to check out now.