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.