The most commonly traded currencies

USD - The US Dollar
EUR - The EURO
GBP - The British Pound
JPN - The Japanese Yen
CHF - The Swiss Franc
AUD - The Australian Dollar
CAD - The Canadian Dollar

There are currencies, but these one are the most commonly
traded ones.

TIP: For a beginner, start by trading the pair: EUR/USD, and
Focus on it.

We already saw that a currency can never be traded by itself.
You buy, or sell the pair.

Some of the common PAIRS are:


* EUR/USD Euro / US Dollar
"Euro"

* USD/JPY US Dollar / Japanese Yen
"Dollar Yen"

* GBP/USD British Pound / US Dollar
"Cable"

* USD/CAD US Dollar / Canadian Dollar
"Dollar Canada"

* AUD/USD Australian Dollar/US Dollar
"Aussie Dollar"

* USD/CHF US Dollar / Swiss Franc
"Swissy"

* EUR/JPY Euro / Japanese Yen
"Euro Yen"



The Currency pairs that do not involve the U.S. dollar are
called cross currencies, but the premise is the same. For
example, a quote of EUR/JPY 129.97 signifies that one Euro
is equal to 129.97 Japanese yen.