Currency Pairs

Currency Pairs

Trade the World’s Largest Financial Market

The forex market moves over $7 trillion daily, offering unmatched liquidity, 24/5 trading, and opportunities across every global economy. At Snyper Trades, you get access to 60+ currency pairs with institutional spreads, lightning-fast execution, and the tools to capitalize on every pip movement.

Why Trade Forex with Snyper Trades:

Deep Liquidity & Tight Spreads: Access tier-1 bank liquidity with spreads starting from 0.0 pips on majors. Trade size from micro lots (0.01) to institutional volumes (100+ lots) with consistent pricing and reliable fills.

24/5 Market Access: Trade around your schedule. The forex market never sleeps—open Sunday 5pm EST through Friday 5pm EST. Catch London open volatility, New York session momentum, or Asian range trading.

Superior Execution Speed: Sub-30ms average execution with no requotes on market orders. Our infrastructure is optimized for forex traders who need speed during volatile price action.

All Major, Minor & Exotic Pairs: From EUR/USD to USD/TRY, trade the pairs that match your strategy. Developed markets, emerging economies, and everything in between.

Our Currency Pair Categories:

Major Pairs

The Most Liquid Markets in the World

Major pairs account for 75% of forex trading volume. Tightest spreads, deepest liquidity, and round-the-clock action.

EUR/USD – Euro vs US Dollar

• Most traded pair globally
• Spread from 0.0 pips (ECN)
• Highly liquid across all sessions
• Reacts to ECB and Fed policy

GBP/USD – British Pound vs US Dollar

• “Cable” – volatile and trend-friendly
• Spread from 0.1 pips (ECN)
• London session is prime time
• Sensitive to Bank of England decisions

USD/JPY – US Dollar vs Japanese Yen

• “Gopher” – safe-haven status
• Spread from 0.0 pips (ECN)
• Asian session liquidity king
• Correlates with risk sentiment

USD/CHF – US Dollar vs Swiss Franc

• Safe-haven pair during uncertainty
• Spread from 0.2 pips (ECN)
• Lower volatility than other majors
• Inverse correlation with EUR/USD

AUD/USD – Australian Dollar vs US Dollar

• “Aussie” – commodity currency
• Spread from 0.1 pips (ECN)
• Tied to Chinese economy and commodities
• Active during Asian and early London sessions

USD/CAD – US Dollar vs Canadian Dollar

• “Loonie” – oil-sensitive
• Spread from 0.2 pips (ECN)
• Correlates with crude oil prices
• North American trading hours most active

NZD/USD – New Zealand Dollar vs US Dollar

• “Kiwi” – agricultural focus
• Spread from 0.3 pips (ECN)
• Similar characteristics to AUD
• Smaller market cap means wider swings

Minor Pairs (Cross Pairs)

Trade Without the US Dollar

Cross pairs eliminate USD exposure, offering diverse opportunities and unique correlations.

EUR/GBP – Euro vs British Pound

• Pure European pair
• Brexit and EU policy driver
• Range-bound tendencies
• Spread from 0.5 pips

EUR/JPY – Euro vs Japanese Yen

• Risk sentiment indicator
• Strong trending characteristics
• Carry trade favorite
• Spread from 0.4 pips

GBP/JPY – British Pound vs Japanese Yen

• “Guppy” – highest volatility major cross
• 200+ pip daily ranges common
• Trader favorite for momentum
• Spread from 0.8 pips

EUR/CHF – Euro vs Swiss Franc

• Historically tight range
• SNB intervention history
• Lower volatility
• Spread from 0.6 pips

AUD/JPY – Australian Dollar vs Japanese Yen

• Risk-on/risk-off barometer
• Commodity and equity correlation
• Strong trends during risk moves
• Spread from 0.5 pips

NZD/JPY – New Zealand Dollar vs Japanese Yen

• Similar to AUD/JPY characteristics
• Higher volatility than AUD pairs
• Carry trade opportunities
• Spread from 0.8 pips

EUR/AUD – Euro vs Australian Dollar

• Inversely correlated with risk appetite
• Good trending pair
• European/Asian session crossover
• Spread from 1.0 pips

GBP/AUD – British Pound vs Australian Dollar

• Wide daily ranges
• Trend continuation characteristics
• Spread from 1.2 pips

Exotic Pairs

High Volatility, High Opportunity

Emerging market currencies offer wider spreads but explosive moves. Perfect for traders seeking volatility and unique setups.

USD/TRY – US Dollar vs Turkish Lira

• Extremely volatile
• Political and economic sensitivity
• Spread from 15 pips
• Long-term trending opportunities

USD/ZAR – US Dollar vs South African Rand

• Commodity-linked emerging market
• Gold and platinum correlation
• Spread from 10 pips
• Strong directional moves

USD/MXN – US Dollar vs Mexican Peso

• Latin American exposure
• Oil price sensitivity
• Spread from 8 pips
• US economic data impact

USD/SGD – US Dollar vs Singapore Dollar

• Asian economic strength indicator
• Lower volatility exotic
• Spread from 3 pips
• Stable government backing

EUR/TRY – Euro vs Turkish Lira

• Highest volatility pair we offer
• Massive pip movements
• Spread from 20 pips
• Requires larger stops

USD/NOK – US Dollar vs Norwegian Krone

• Oil-driven Scandinavian currency
• Energy sector correlation
• Spread from 5 pips

USD/SEK – US Dollar vs Swedish Krona

• Riksbank policy sensitive
• European economic exposure
• Spread from 6 pips

Understanding Currency Pair Mechanics:

How Forex Pairs Work:

Base and Quote Currency Every pair has two currencies. The first (base) is what you’re buying or selling. The second (quote) is what you’re using to transact.

Example: EUR/USD at 1.1000

• You can buy 1 EUR for 1.10 USD
• Or sell 1 EUR to receive 1.10 USD

Pips and Pipettes

• Pip: Fourth decimal place (0.0001) for most pairs
• Pipette: Fifth decimal place (0.00001) for fractional pricing
• JPY pairs: Second decimal place (0.01) is one pip

Lot Sizing

• Standard Lot: 100,000 units of base currency
• Mini Lot: 10,000 units
• Micro Lot: 1,000 units
• 0.01 Lots: Minimum trade size (1,000 units)

Trading Sessions & Volatility:

Sydney Session (5pm – 2am EST)

• Lower volatility, range-bound
• AUD and NZD pairs most active
• Thin liquidity on majors

Tokyo/Asian Session (7pm – 4am EST)

• JPY pairs dominate
• USD/JPY and AUD/JPY peak activity
• Range trading common

London Session (3am – 12pm EST)

• Highest volume session
• EUR, GBP pairs explode with volatility
• Major trends often begin here

New York Session (8am – 5pm EST)

• Overlaps with London for maximum volatility
• USD pairs most active
• Economic data releases drive moves

Session Overlaps = Opportunity

• London/New York (8am – 12pm EST): Peak liquidity and volatility
• Tokyo/London (3am – 4am EST): Transition period volatility

Currency Pair Correlations:

Positive Correlations:

Pairs that tend to move in the same direction

• EUR/USD & GBP/USD: 85%+ correlation (both driven by USD strength)
• AUD/USD & NZD/USD: 90%+ correlation (commodity currencies)
• EUR/USD & USD/CHF: -95% correlation (inverse relationship)

Risk Management Using Correlations:

Trading highly correlated pairs simultaneously doubles your risk. Trading inversely correlated pairs can hedge exposure.

Popular Forex Trading Strategies:

Trend Following

Identify strong directional moves and ride them. Works best on major pairs during active sessions.

Best Pairs: EUR/USD, GBP/USD, AUD/USD, GBP/JPY

Range Trading

Trade between support and resistance in sideways markets. Ideal during low-volatility sessions.

Best Pairs: EUR/CHF, USD/CHF (lower volatility pairs)

Breakout Trading

Enter when price breaks key levels with volume. Catch explosive moves early.

Best Pairs: GBP/JPY, GBP/USD (volatile pairs)

Carry Trade

Borrow low-interest currencies to buy high-interest currencies, earning overnight swap.

Best Pairs: AUD/JPY, NZD/JPY (positive carry trades)

News Trading

Capitalize on volatility around economic releases (NFP, CPI, rate decisions).

Best Pairs: EUR/USD, GBP/USD, USD/JPY (liquid majors)

Scalping

Quick in-and-out trades capturing small pip movements multiple times daily.

Best Pairs: EUR/USD, USD/JPY (tightest spreads, highest liquidity)

Factors That Move Currency Pairs:

Interest Rates Central bank rate decisions are the primary long-term driver. Higher rates attract capital, strengthening currency.

Economic Data GDP, employment, inflation, manufacturing data all impact currency valuation. Strong data = strong currency.

Geopolitical Events Elections, Brexit, trade wars, conflicts create uncertainty and volatility. Safe havens (JPY, CHF) benefit.

Central Bank Policy Quantitative easing, tapering, forward guidance shape market expectations and currency trends.

Risk Sentiment Risk-on favors commodity currencies (AUD, NZD, CAD). Risk-off favors safe havens (JPY, CHF, USD).

Commodity Prices Oil impacts CAD and NOK. Gold affects AUD and ZAR. Agricultural products influence NZD.

Forex Trading Advantages:

✓ 24/5 Market Access – Trade around the clock, around your schedule
✓ High Leverage – Control large positions with small capital (up to 1:500)
✓ Two-Way Trading – Profit from rising or falling currencies
✓ Low Transaction Costs – Tight spreads, no exchange fees
✓ High Liquidity – Enter and exit positions instantly at any size
✓ Volatility = Opportunity – Daily price swings create trading setups
✓ No Market Bias – Unlike stocks, no “bull market” needed to profit

Account Types for Forex Trading:

ECN Account

Best for active forex traders

• Spreads from 0.0 pips
• $3.50 commission per lot per side
• Direct market access
• Ideal for scalpers and day traders

Standard Account

Best for beginners and swing traders

• Spreads from 0.8 pips
• No commissions
• Simple pricing structure
• Perfect for learning

[Compare All Account Types →]

Forex Trading Tools You Get:

Advanced Charting

• Multiple timeframes (M1 to MN)
• 100+ technical indicators
• Drawing tools and pattern recognition
• Custom indicator support

Economic Calendar

• Real-time high-impact event alerts
• Consensus vs actual comparisons
• Historical data analysis
• Customizable notifications

Market Sentiment Tools

• Positioning data from major pairs
• Institutional order flow (ECN accounts)
• Commitment of Traders (COT) reports

Risk Calculators

• Position size calculator
• Pip value calculator
• Margin requirement calculator
• Profit/loss estimator

Start Trading Currency Pairs:

1. Choose Your Account Type ECN for tight spreads or Standard for simplicity.

2. Fund Your Account Minimum $100 (Standard) or $500 (ECN).

3. Access 60+ Pairs Start with majors, expand to minors and exotics as you gain experience.

4. Trade 24/5 Never miss an opportunity across global trading sessions.

[Open Live Account] [Try Demo First] [View All Instruments]

Forex FAQ:

What’s the minimum trade size? 0.01 lots (1,000 units or micro lot) on all currency pairs.

What leverage can I use on forex? Up to 1:500 on major and minor pairs, 1:100 on exotics.

Are there swap charges? Yes, unless you open an Islamic (swap-free) account.

Can I trade news events? Yes, no restrictions on news trading. All strategies allowed.

What’s the best time to trade forex? London/New York overlap (8am-12pm EST) offers highest volatility and liquidity.

Can I hedge positions? Yes, open opposite positions on the same pair simultaneously.

Risk Warning

Forex trading with leverage carries substantial risk and may not be suitable for all investors. You can lose more than your initial investment. Currency prices are volatile and affected by numerous economic and political factors. Past performance is not indicative of future results. Ensure you understand all risks before trading.