Currencies

Symbol Country Currency Nickname
USD United States Dollar Buck
EUR Euro zone members Euro Fiber
JPY Japan Yen Yen
GBP Great Britain Pound Cable
CHF Switzerland Franc Swissy
CAD Canada Dollar Loonie
AUD Australia Dollar Aussie
NZD New Zealand Dollar Kiwi

Currency symbols always have three letters, where the first two letters identify the name of the country and the third letter identifies the name of that country's currency.

Take USD for instance. US stands for United State, while D stands for dollar. Easy enough, right?

The currencies included in the chart above are called the "majors" because they are the most widely traded ones.


Forex Trading is in pairs

When you trade in the forex market, you buy or sell in currency pairs.

Forex trading is the simultaneous buying of one currency and selling another. Currencies are traded through a broker or dealer, and are traded in pairs; for example the euro and the U.S. dollar (EUR/USD) or the British pound and the Japanese yen (GBP/JPY).

Major Currency Pairs

The currency pairs listed below are considered the "majors". These pairs all contain the U.S. dollar (USD) on one side and are the most frequently traded. The majors are the most liquid and widely traded currency pairs in the world.

Pair Countries FX Geek Speak
EUR/USD Euro zone / United States "euro dollar"
USD/JPY United States / Japan "dollar yen"
GBP/USD United Kindom / United States "pound dollar"
USD/CHF United States/ Switzerland "dollar swissy"
USD/CAD United States / Canada "dollar loonie"
AUD/USD Australia / United States "aussie dollar"
NZD/USD New Zealand / United States "kiwi dollar"

Major Cross-Currency Pairs or Minor Currency Pairs

Currency pairs that don't contain the U.S. dollar (USD) are known as cross-currency pairs or simply as the "crosses." Major crosses are also known as "minors." The most actively traded crosses are derived from the three major non-USD currencies: EUR, JPY, and GBP.

Euro Crosses

Pair Countries FX Geek Speak
EUR/CHF Euro zone / Switzerland "euro swissy"
EUR/GBP Euro zone / United Kingdom "euro pound"
EUR/CAD Euro zone / Canada "euro loonie"
EUR/AUD Euro zone / Australia "euro aussie"
EUR/NZD Euro zone / New Zealand "euro kiwi"

Yen Crosses

Pair Countries FX Geek Speak
EUR/JPY Euro zone / Japan "euro yen" or "yuppy"
GBP/JPY United Kingdom / Japan "pound yen" or "guppy"
CHF/JPY Switzerland / Japan "swissy yen"
CAD/JPY Canada / Japan "loonie yen"
AUD/JPY Australia / Japan "aussie yen"
NZD/JPY New Zealand / Japan "kiwi yen"

Pound Crosses

Pair Countries FX Geek Speak
GBP/CHF United Kingdom / Switzerland "pound swissy"
GBP/AUD United Kingdom / Australia "pound aussie"
GBP/CAD United Kingdom / Canada "pound loonie"
GBP/NZD United Kingdom / New Zealand "pound kiwi"

Other Crosses

Pair Countries FX Geek Speak
AUD/CHF Australia / Switzerland "aussie swissy"
AUD/CAD Australia / Canada "aussie loonie"
AUD/NZD Australia / New Zealand "aussie kiwi"
CAD/CHF Canada / Switzerland "loonie swissy"
NZD/CHF New Zealand / Switzerland "kiwi swissy"
NZD/CAD New Zealand / Canada "kiwi loonie"



Comments :

12 comments to “Currencies”
Karisma said...
on 

I want to learn more about forex. Please do give me some notes or guidience. thank you for your correspondence

uncle gob said...
on 

Find the Forex broker that suits you the best. Wanna get a lowest spread? Try using armada markets

Email ke BursaCourse@gmail.com : said...
on 



Kelas Forex Teknik " 100 PIPs " & Fx Unit Trust (kami trade utk anda)

Kandungan Kelas Forex " Teknik 100 PIPS Sehari ! " :


Sesi Beginner: Asas Forex dan cara mengunakan Metatrader
Sesi Intermediate : News & Naked Trading - Teknik 100pips Sehari
Sesi Advance: Swing & Technical Trading - Long Term Trading
*BONUS kelas bersemuka : Forex Unit Trust (Kami trade utk anda)

Kelas (Personal Coaching) dijalankan di Seluruh Negara pada hari Ahad atau Rabu di kawasan sekitar...

...Johor, Kedah, Kuala Lumpur, Melaka, Seremban, Port Dickson, Kuantan, Chini, Perak, Miri, Kota Kinabalu, Sandakan, Bintulu, Kuching, Klang, Terengganu, Kerteh, Pulau Pinang, Labuan, Puchong-Putrajaya, Kelantan, Langkawi & Kerteh


*Kelas juga boleh diambil secara Online

Pendaftaran boleh dibuat di : http://OIIM.co.nr
Maklumat lanjut di : http://www.KLFX.blogspot.com


Untuk memulakan Trading forex anda perlu membuka akaun Broker di : https://www.instaforex.com/video_trading_with_instaforex.php?x=UOM



*****Share INFO ini di Wall Facebook Anda !

Unknown said...
on 

IB contest

100 Days Challenge For Partners

NoaFX
is excited to announce an exclusive IB contest for all its new and existing Introducing Brokers (IBs).

The prize at stake is $100,000 * - an opportunity to all IBs to earn highest cash incentives.

Contest Details

NoaFX IB contest which is exclusively for all NoaFX's IBs, is open for 100 days, starting from November 9th, 2015 to February 16th 2016.
The contest is solely based on the trade deposits brought in by each participating IB. At the end of the contest, the total of these deposits is considered for deciding the winning IBs.
The best part is, multiple IBs can win the contest and each IB can earn upto $100,000 and one of them could be You! [URL='http://www.noafx.com/ib-contest.php#terms']T&C apply[/URL].

* Each of the qualifying partner will be ranked based on the amount of trade deposits. The highest rank is 1 and the lowest is 5.
**Forex rebates earned by an IB will be in addition to their usual commissions.
If you fall into any of the above ranks, you can potentially earn upto $100,000 of additional rebates !

Take the challenge 100 days

alitergalen said...
on 

With FXB Trading, traders are bound to locate the best among the trading platforms that they will come across in the entire trading market. It highlights popular platforms such as MetaTrader 5. The website offers updated daily news and quality trading help for traders. Its desktop and mobile platforms could be downloaded easily on to the laptops for usage at a convenient time in the future. FXB Trading supports multiple order kinds and its trading platforms promise traders with essential knowledge of the latest trends along with the shifts that occur in the trading market.

Blogger said...
on 

Quantum Binary Signals

Get professional trading signals delivered to your cell phone every day.

Start following our signals today and gain up to 270% a day.

Blogger said...
on 

GPS robot [10X increase of the deposit sum]

I just got done with a webinar with Mark and his partner, Antony, two days ago and it was GREAT.

During the webinar Mark and Antony shared their tips to success and answered questions about their new release of the GPS Forex Robot that IS COMING OUT TODAY!

Unknown said...
on 
This comment has been removed by the author.
Unknown said...
on 

When you visit the website of FXB Trading, it will seem like any other brokerage service with some average features. You will, however, be pleasantly surprised once you start using its website. The information that you will come across in most of its features will serve as an excellent resource. You will reach a point while trading when you will realize that life is not going to be possible without FXB Trading when it comes to trading. In fact, once traders get used to its services, they will probably refuse to trade anywhere else.

Unknown said...
on 

The software scans 34 Forex pairs on all time frames from minute to monthly. This way you pick the best trending pair and time frame at the current time.

The system is running on our powerful computers, so you have nothing to download and install. Just join in and start using it within a FEW MINUTES! Get it on the link below:

==>
http://www.forextrendy.com?iwefhiowufeq6


WilsonTradesZone said...
on 

invest funds as little as $ 200 and start earning $ 2000 weekly, alot of people has benefited from this investment offer this pandemic,the cryptocurrencies trades market has been doing wonders if you need help paying bills and you want to start making profit weekly contact Whats-App: +27633586789 or email wilsontradeszone@gmail.com

Unknown said...
on 

DO YOU NEED A PERSONAL/BUSINESS/INVESTMENT LOAN? CONTACT US TODAY VIA WhatsApp +19292227023 Email drbenjaminfinance@gmail.com

HELLO
Loan Offer Alert For Everyone! Are you financially down and you need an urgent credit/financial assistance? Or are you in need of a loan to start-up/increase your business or buy your dream house. GET YOUR INSTANT LOAN APPROVAL 100% GUARANTEED TODAY NO MATTER YOUR CREDIT SCORE. WhatsApp:+19292227023 Email: drbenjaminfinance@gmail.com

Post a Comment