Forex Traders Definition - Most traders are aware of the major currency pairs such as the GBP/USD, EUR/USD, GBP/JPY, USD/JPY and EUR/GBP pairs, but whenever you dig a little deeper You will find that there are over 100 different pairs you can tradehese less renowned pairs are often called 'exotic pairs'owever you will generally find that almost all forex traders avoid trading them, for two main reasonsirst of all several of these lesser pairs have really wide spreads, which makes intraday trading nearly impossiblet's perfectly reasonable to trade several of the major pairs that have spreads of just 2 or 3 pipsndeed even a spread of 5 pips is generally acceptable given that several of these pairs trade in a trading range well in excess of 100 pips during any given dayowever When you pay a visit to your forex broker and look at some of the exotic pairs you'll find that most of these pairs have ridiculously high spreadso give you a random example, the USD/CZK (the US dollar against the Czech Koruna) currently has a ... [Click Here - Forex Traders Definition]
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