When you first start developing an interest in forex trading, it can be quite overwhelming because there are over 100 different currency pairs that you can trade. However it is important you choose the right pairs because some will be easier to make money from than others, and some will be practically impossible to trade. So what are the best currency pairs to trade in general?

Well I personally think that you should narrow down your shortlist of forex pairs right away by only considering trading the major pairs. People will have different opinions as to which ones should be included in this list, but they are generally the GBP/USD, EUR/USD, USD/JPY, EUR/GBP, USD/CAD, USD/CHF and AUD/USD pairs.

These major pairs are generally the easiest to trade because they have the tightest spreads and they are very actively traded all around the world. So therefore because they are so popular, technical analysis tends to work very well for these particular currency pairs.

I personally have a variety of systems that I like to use and they all trade one or more of these pairs. I also use a third party system, Forex Morning Trade, that only trades the GBP/USD pair. Anyway the point is that it is not worth considering trading any of the other minor pairs because they have huge spreads and they are not as actively traded as the ones mentioned above.

Forex trading is hard enough as it is, so it is imperative that you give yourself every chance of success by sticking to the major pairs. If you do this and spend some time testing out various different strategies, you should hopefully be able to come up with a winning trading system or two.