How do major pairs differ from minors?

Major currency pairs consist of the most traded currencies in the forex market, often including the US dollar (USD) alongside other leading currencies such as the euro (EUR), Japanese yen (JPY), and British pound (GBP). These pairs typically have higher liquidity, tighter spreads, and greater trading volumes. In contrast, minor pairs, also known as cross-currency pairs, do not involve the USD but instead pair other major currencies directly, such as EUR/GBP or AUD/NZD. These tend to be less liquid compared to major pairs, resulting in wider spreads and lower trading volumes. The choice between trading major and minor pairs can influence execution speed and cost efficiency for traders.