The Forex market presents a huge number of trading opportunities. There are different types of charts: hourly, weekly, or even minute charts. But the most diversity is found in the number of currencies available to trade. Did you know that there are 191 currencies?!

Can a person trade all of these currencies? Of course not! Or, more accurately, a person cannot successfully trade this large number of currencies.

In fact, it is a very common trading mistake to try to trade a large number of currencies. How can a trader choose which currency or currencies to trade?

Beginning traders should focus on the major currencies. This simple step limits the possibilities to six currencies. And yet there are still so many trading opportunities even though the trader focuses only on the major currencies.

The best trading opportunities are presented by "the majors" which are:

1. US Dollar
2. Euro
3. British Pound
4. Japanese Yen
5. Swiss Franc
6. Canadian Dollar

They have high volume, good volatility, good trends, and lots of breakouts. These factors add up to good trades, particularly for swing traders and day traders.

Yes, there are so many currencies, but there is plenty of time to trade the best currencies!