What currencies can I trade on OANDA
OANDA is a leading platform for online trading of currencies, commodities, and indices. As a trader, you have access to over 70 currency pairs on OANDA. This gives you a wide range of options for executing trades and managing your portfolio.
Major Currency Pairs
The major currency pairs are the most traded pairs on OANDA and in the Forex market. These are pairs that involve the US dollar as either the base or quote currency. They include:
- EUR/USD (Euro/US Dollar)
- GBP/USD (British Pound/US Dollar)
- USD/JPY (US Dollar/Japanese Yen)
- USD/CAD (US Dollar/Canadian Dollar)
- AUD/USD (Australian Dollar/US Dollar)
- NZD/USD (New Zealand Dollar/US Dollar)
- USD/CHF (US Dollar/Swiss Franc)
The major pairs are popular because they are highly liquid, which means there is more trading activity and therefore more opportunities for executing trades at competitive prices.
Minor Currency Pairs
The minor currency pairs are also available to trade on OANDA. These are pairs that do not involve the US dollar as either the base or quote currency. They include:
- EUR/GBP (Euro/British Pound)
- GBP/JPY (British Pound/Japanese Yen)
- EUR/JPY (Euro/Japanese Yen)
- NZD/CAD (New Zealand Dollar/Canadian Dollar)
- EUR/AUD (Euro/Australian Dollar)
- GBP/AUD (British Pound/Australian Dollar)
- EUR/CHF (Euro/Swiss Franc)
The minor pairs are less liquid than the major pairs, which means there may be wider spreads and less trading activity.
Exotic Currency Pairs
OANDA also offers a range of exotic currency pairs, which are pairs that involve currencies from emerging or smaller economies. These include:
- USD/MXN (US Dollar/Mexican Peso)
- USD/HKD (US Dollar/Hong Kong Dollar)
- USD/SGD (US Dollar/Singapore Dollar)
- USD/SEK (US Dollar/Swedish Krona)
- USD/RUB (US Dollar/Russian Ruble)
The exotic pairs are generally less liquid and may have wider spreads. However, they can offer opportunities for traders who are looking for more unique trading opportunities.
Overall, there are a wide range of currency pairs available to trade on OANDA. Whether you are a beginner or an experienced trader, you should be able to find a currency pair that suits your trading style. Remember to always do your own research and analysis before executing any trades.