The forex market, also known as the foreign exchange market, is the largest and most liquid financial market in the world. Among its most traded assets are the major currency pairs—pairs involving the US dollar and other significant global currencies. Understanding these pairs is an essential step for anyone looking to trade effectively and profitably. This guide explores the basics of major currency pairs, their unique characteristics, and tips for trading them. What Are Major Currency Pairs? Major currency pairs consist of the US dollar (USD) and one other major global currency. These pairs account for the bulk of transactions in the forex market due to their high liquidity and…