When trading Forex, CFDs, or cryptocurrencies, you’ll often see options like Market Order and Limit Order. These are two fundamental order types that determine how and when your trade is executed. Understanding the difference helps you control your trades more effectively and avoid unwanted surprises.

In Forex trading, currencies are always quoted in pairs—like EUR/USD or GBP/JPY. Understanding how currency pairs work is one of the first steps every beginner should take. In this article, we’ll explain what currency pairs are, the difference between majors, minors, and exotics, and why some pairs are more popular than others.