The most commonly traded currency pairs you can trade include: EUR/USD, GBP/USD,
USD/JPY and EUR/JPY. The reason why most traders trade these currency pairs, or crosses as
they are also called, is that there is more liquidity in these pairs and therefore more buyers
and sellers, which means that prices are more volatile, which in turn means that they offer
more opportunities than the majority of other currency pairs.
Almost free to trade the Pip
Most of the time, currency trading is free from commission charges and fees. Always make
sure that your broker doesn’t charge you anything to trade, apart from the overnight fees
which everyone in the market pays.
The overnight fees are the fees you will pay whenever you keep a position overnight. That
means that if you buy EUR/USD today and you don’t sell it until tomorrow, you will be charged
a small fee to keep the trade open overnight. With Pip Forex, that fee is equivalent to the price
you set for you pips.