Forex currency pairs are the foundation of foreign exchange trading. Understanding the different types of pairs and their characteristics is essential for successful trading. *Major Currency Pairs* 1. EUR/USD (Euro/US Dollar) 2. USD/JPY (US Dollar/Japanese Yen) 3. GBP/USD (British Pound/US Dollar) 4. USD/CHF (US Dollar/Swiss Franc) 5. AUD/USD (Australian Dollar/US Dollar) *Cross-Currency Pairs* 1. EUR/JPY (Euro/Japanese Yen) 2. GBP/JPY (British Pound/Japanese Yen) 3. EUR/GBP (Euro/British Pound) 4. AUD/JPY (Australian Dollar/Japanese Yen) 5. CAD/JPY (Canadian Dollar/Japanese Yen) *Exotic Currency Pairs* 1. USD/MXN (US Dollar/Mexican Peso) 2. EUR/TRY (Euro/Turkish Lira) 3. USD/CNY (US Dollar/Chinese Renminbi) 4. GBP/ZAR (British Pound/South African Rand) 5. AUD/NZD (Australian Dollar/New Zealand Dollar) *Currency Pair Characteristics* 1. Volatility: Measure of price fluctuations. 2. Liquidity: Ease of buying/selling. 3. Spreads: Difference between bid/ask prices. 4. Trading Hours: Times when pairs are most active. *Factors Influencing Currency Pairs* 1. Economic Indicators: GDP, inflation, interest rates. 2. Central Bank Policies: Monetary decisions. 3. Geopolitics: Global events, trade tensions. 4. Market Sentiment: Trader attitudes. *Trading Strategies* 1. Day Trading: Short-term trades. 2. Swing Trading: Medium-term trades. 3. Position Trading: Long-term trades. 4. Scalping: Fast, frequent trades. *Conclusion* Forex currency pairs offer diverse trading opportunities. Understanding major, cross, and exotic pairs, as well as their characteristics and influencing factors, is crucial for developing effective trading strategies. Resources: 1. Forex trading courses 2. Currency pair analysis tools 3. Economic calendars 4. Market news and updates