The 8 most frequently traded currencies in
the Forex market are USD, EUR, JPY, GBP, CHF, CAD, NZD and AUD as listed below.
They are also called the Major Currencies.
In
the Table, you will see the Currency Symbol, The Country that owns the
Currency, The name of the Currency and the Nickname given to each currency.
Let
me do some little explanation on the Table.
Each
major traded currency is known only by the Symbol. The symbols are derived from
using two letters from the name of the country and one letter from the currency
name
For
example:
·
USD
is taken from United States Dollar,
·
GBP
is Great Britain Pound,
·
JPY
is Japanese Yen.
·
CAD
is Canadian Dollars
·
NZD
is the New Zealand Dollar.
The
currencies also have Nicknames. For example:
USD
is nicknamed Bucks.
GBP
is nicknamed Cable.
EUR
is Fiber
NZD
is Kiwi. Etc.
All other currencies that are not included in
the Majors are known as the Minor
Currencies. The minor currencies
are traded by professionals only.
For
your convenient, I would suggest you concentrate on the major currencies. These
pairs are the most liquid in the Forex market.
