The forex market is the most liquid and largest market in the world, where trillions of dollars are traded between parties from all over the world on any given day. The first thing that people just getting started in the world of forex markets must do is familiarize themselves with the most popular and commonly traded currencies in the forex market – the major currencies of the world.
It is important to understand how these major currencies influence the market, and how often they are traded. To help you out, we are going to look at the major currencies of forex currency trading, which everyone observing the forex market should be well acquainted with. We will also discuss the characteristics and underlying traits of each currency.
Did you know the coins and currency-pairs have nicknames?
The Euro is nicknamed Fiber.
The EUR/GBP pair is called Chunnel, the EUR/JPY pair is called Euppy, the EUR/USD is also called Fiber! The EUR/RUB pair is Betty and the EUR/BTC pair is Nakamoto – named after Satoshi Nakamoto, the inventor of the bitcoin.
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Five Percent Online Ltd. (“We”, “Our”, “Us”, or “Company”) operates as a proprietary trading firm. The Company is not a custodian, exchange, financial institution, trading platform, fiduciary or insurance business outside the purview of financial regulatory authorities. “The5%ers” is a brand name operated by the Company.
All trading activities conducted through the Company Hub are executed in a simulated environment. Users should be aware that the trading results in this environment do not reflect real trading outcomes. The simulated trading environment in the Hub is designed for educational and evaluation purposes only. The “funds” provided to you for the evaluation are fictitious, do not represent any currency, and that you have no right to possess those fictitious funds beyond the scope of their use within the Hub and for the sole purpose of the evaluation, and in particular that they may not and cannot be used for any actual trading and that you are not entitled to any payment or other right in or of those funds.
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Hypothetical or simulated performance results have certain limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, because the trades have not actually been executed, the results may have under-or-over compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated trading programs, in general, are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profit or losses similar to those shown.
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