Full List of Trading Products & Markets
In this trading products guide, you will learn:
Note: The list of products here are based on the broker I use, so it may differ from your broker. If you do not have an account, you can consider opening one to get started.
In our free Telegram channel, we provide a daily trend analysis of all the different products, sorted according to how strongly trending they are.
For strong trends, we should aim to enter on small pullbacks, while for weak trends we aim to enter on larger pullbacks.
For ranging markets, we should aim to buy low and sell high.
This will help you find good trading opportunities, and filter out the bad ones!
The EUR/USD is the most traded currency pair in the world, accounting for nearly 30% of the total daily volume in FX. This sheer volume makes it incredibly liquid. EUR/USD is highly sensitive to fundamental news announcements released by the U.S., and due to its popularity, traders can access a wealth of analytical information.
Also known as “cable,” GBP/USD is the third most traded pair. Price movements in cable are known to correlate with EUR/USD. Since the pair isn’t as liquid
as the EUR/USD, GBP/USD experiences more aggressive price movements when U.S. data is released. The UK boasts the second largest economy in the eurozone, after Germany.
The USD/JPY is one of the major pair types and is the second most traded pair in the world. Japan has the third largest GDP after the United States and
China. Since Japan’s economy is driven by its exports, the country prefers a weak yen to increase international sales.
The Swiss franc became a safe-haven currency in times of crises due to Switzerland’s history of remaining neutral in times of war. The franc remains a safe haven currency and spikes in price can be seen during geopolitical crises.
Canada’s economy is heavily dependent on exporting raw materials. As a result, the CAD’s strength correlates with the price of oil.
The AUD/USD is considered one of the three most popular commodity pairs. Price action in this commodity pair is influenced by the price of Australia’s
natural resources. In particular, the price of gold is known to correlate closely with AUD/USD.
New Zealand’s economy is heavily dependent on exporting raw materials. As a result, the NZD’s strength correlates with the price of gold.
Conclusion
I hope you have enjoyed this guide on the different trading products available.
Now I’ll like to hear from you: what is your key take-away from this trading guide?
What is your favourite market or product for trading?
What are some of the challenges in deciding which market to trade?
Do you have any other products which you would like to see?
Let me know by leaving a quick comment below right now.
Which brokerage company will you recommend? I heard Plus500 is user friendly but the pip spread is quite significant.
I have tested and used many different brokerages in the past, the ones I have decided to use are list in this guide: https://synapsetrading.com/trading-guides/trading-tools-resources/
That’s only like 3 brokerages you have used. Is it necessary to use different brokerages for various products?
I like to diversify my brokerages in case one brokerage experiences technical issues, I can use the other brokerage to hedge or take new positions.
Oh nice point of view! Didn’t see them this way before.
Which forex currency pair in the market should I try trading first?
I would suggest starting off the with majors, such as EUR/USD, GBP/USD, USD/JPY, etc, because they are the most liquid. That said, the easiest pairs to trade would be those that are trending strongly. On my Telegram channel, I provide a free daily trend summary of all the major forex pairs and stock indices.
That is excellent! I have just joined your Telegram channel. It also has the daily news and your insight into the market.
You are welcome!
Which is the most stable or safest currency in the world currently? I don’t think US is doing a good job with their economy now.
At the moment the US dollar is still the reserve currency. If you want to diversify, you can hold a basket of major currencies, and perhaps also cryptocurrencies like Bitcoin.
Usually I will go for the major pairs as the volume traded is huge and I can get it and out of the market fast.
Actually for forex, the liquidity is usually not an issue unless you are trading some exotic currencies.
Will you be covering the Singapore market in detail?
I used to trade the Singapore markets more than 10 years ago (was also a trainer for SGX), but I stopped because of the low liquidity & volatility, as well as high transaction costs. The US stock market is much better.
How about options and futures contract? I think advanced traders will want to see them as they are highly leverage.
Yes, that is something we are considering in the future as well.
I miss your daily or weekly market outlooks articles! I have been on a break from trading for many years and decide to get back in now. You should start to analyze the companies/markets on your blogs like how you do it. I really hope you bring them back soon!!!
Do you have any good stock signal scanner?
Just curious why stocks are not covered here?