Forex trading encompasses many currency pairs, each offering unique opportunities and challenges for traders. While major forex pairs dominate the trading landscape due to their high liquidity and widespread recognition, minor forex pairs also play a significant role. These pairs, often involving currencies from smaller economies or less frequently traded major currencies, provide distinctive market dynamics and potential for profit.
Minor currency pairs, also known as cross-currency pairs, do not include the U.S. dollar (except for USDHKD, USDNOK, and USDSEK). They include at least one, if not both, of the world's other three major currencies: the Japanese yen, British pound, or euro. FXTM offers a total of 31 FX minor pairs with relatively low spreads and leverage of up to 1:500. You can find more information on the contract specification page.
