Forex Currency -
The Major Currencies of Forex Trading

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.

 

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 trading, which everyone observing the forex market should be well acquainted with. We will also discuss the characteristics and underlying traits of each currency.

ENTHUSIASTIC FOREX TRADERS

Did you know?

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.

Read about each forex currency

US Dollar

The U.S. Dollar – USD

The United States dollar is hands down the most traded currency in the world and can be paired with all other major currencies.
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Euro

The Euro – EUR

The Euro may still be new on the world stage but has quickly established itself as the second most traded currency in the world.
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Yen

The Japanese Yen – JPY

The Yen, the most traded currency coming out of Asia, is seen by many to be a proxy for the hidden strength of the manufacturing-export economy of Japan.
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Swiss Franc

The Swiss Franc – CHF

This currency is considered by many in the forex market to be a ‘neutral’ currency, echoing Switzerland’s political stance.
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Canadian Dollar

The Canadian Dollar – CAD

The Canadian Dollar, also known as, the Loonie, is one of the world’s premier commodity currency, which means that it moves in line with the commodities markets.
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British Pound

The Great British Pound – GBP

The Great British Pound, also known as Pound Sterling, is among the top most traded currencies in the forex market.
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Australian Dollar

The Australian Dollar – AUD

The Australian Dollar is among the top five most commonly traded currencies on the Forex market, and has been a free-floating currency, since 1983.
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New Zealand Dollar

The New Zealand Dollar – NZD

The New Zealand dollar is one of the most heavily traded currencies in the global forex market. There are around $5 billion NZD in circulation currently.
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