Popular forex pairs
When dealing in the pairs, you should know what exactly “short” and “long” positions refer to. In simplest terms, short positions are taken when a trader sells currency in anticipation of a downturn in price. So, how that helps? Making this move allows the investor to benefit from a decline. Similarly, long positions are taken when a trader buys a currency at a low price in anticipation of selling it later for more. Making these moves allows the investor to benefit from changing market prices. So, you shouldn’t forget that since currencies are traded in pairs, every forex position inevitably requires the investor to go short in one currency and long in the other. That is the real crux of the story. That is the point where whole juice of this concept lies.
So, I have explained in the above-mentioned paragraphs regarding the most popular pairs in forex and why they are the most preferred pairs. One of the most important factors is that the full range of economic and political conditions impact currency pricing. It is generally held that interest rates, inflation rates and political stability are top among important factors.