Commander in Pips: All major pairs include the US Dollar with another “Major currency”. These have a leading share in total turnover on the FOREX market. Here they are: Pair Countries EUR/USD Euro zone / United States GBP/USD United Kingdom / United States USD/CHF United States/ Switzerland USD/JPY United States / Japan USD/CAD United States / Canada AUD/USD Australia / United States NZD/USD New Zealand / United States Crosses are other combinations of “Major Currencies”. They include one major currency with another, but not with the US Dollar. You can construct them by yourself. I’ll just give you some examples. Euro crosses: Pair Countries EUR/GBP Euro zone / United States EUR/CHF Euro zone / Switzerland EUR/CAD Euro zone / Canada EUR/AUD Euro zone / Australia EUR/NZD Euro zone / New Zealand or Japanese Yen crosses: Pair Countries EUR/JPY Euro zone / Japan GBP/JPY United Kingdom / Japan CHF/JPY Switzerland / Japan USD/JPY United States / Japan CAD/JPY Canada / Japan AUD/JPY Australia / Japan NZD/JPY New Zealand / JapanPipruit: Ok, Ok, I think I understand that. Pipruit: And what are exotic pairs?Commander in Pips: During recent times, the economies of emerging markets have becomes stronger, the trading turnover is rising, so on FOREX markets, there is more demand appeared for exchanging emerging market’s currencies as between themselves and with major currencies. For example, now we can trade on FOREX such currencies as Brazilian real, South Africa’s rand, Mexican peso, Thai baht, Russian Ruble, Singaporean dollar, Chinese Yuan, etc. Usually they are traded to US Dollar and sometimes with other major currencies. Occasionally, they are traded with each other. There is much will depend from your FOREX broker, because not all of them provide the possibility to trade exotic pairs or even their crosses. But, in general, these pairs exist and can be traded. Here are some examples of them: Pair Countries USD/HKD United States (dollar)/ Hong Kong (dollar) USD/SGD United States (dollar) / Singapore (dollar) USD/ZAR United States (dollar) / South Africa (rand) USD/THB United States (dollar) / Thailand (baht) USD/MXN United States (dollar) / Mexico (peso) USD/DKK United States (dollar) / Denmark (Krone) USD/SEK United States (dollar) / Sweden (Kronor) USD/NOK United States (dollar) / Norway (Krone)Due to lower size on economies of Emerging markets and their international Trade turnover, the trading volumes with exotic pairs is lower compared to majors and crosses. Besides, the transaction cost for trading them is usually higher.