What are major currencies?
Major currencies are those which enjoy a higher turn over in the
Forex market than other currencies, being heavily traded; these currencies give
you excellent liquidity which in turns increases volatility….. The single most
important factor for winning and loosing the game!
In the following table we can see all
the heavily traded currencies viz, major currencies, also notice the
nomenclature, every currency has a three letter name, like United States
dollar is called USD, here first two letters stand for the country name and the
last one is the name of currency thus making the symbol
|
Symbol |
Country |
Currency |
|
|
USD |
United States |
Dollar |
|
|
EUR |
Euro zone members |
Euro |
|
|
JPY |
Japan |
Yen |
|
|
GBP |
Great Britain |
Pound |
|
|
CHF |
Switzerland |
Franc |
|
|
CAD |
Canada |
Dollar |
|
|
AUD |
Australia |
Dollar |
|
|
NZD |
New Zealand |
Dollar |
|
In : Forex Basics