The most traded currency in Forex market (the major seven) are United States dollar, Eurozone Euro , Japanese Yen , British Pound Sterling, Swiss Franc, Australian dollar , and Canadian Dollars.
Forex market is much USD-centered, where United States currency is involved in more than 80% of the trades. Major traded pairs in FX market are EUR/USD, which yields 28% from total trades. USD/JPY and GBP/USD come second and third, with take up 17% and 14% from the global forex trading respectively.
When starting in Forex trading, it would be wise to start trading with the major seven. It is also recommended to start with your own country currency if you are living in one of the major seven country as you are in a better position to judge the value of the currency.
You should be aware that currencies are normally stated in a three-alphabate symbol in FX market.
For the major seven, currency symbol are as below:
Currency | Symbol | Nickname |
| Australian Dollar | AUD | Aussie |
| Canadian Dollar | CAD | Loonie |
| Euro | EUR | Fiber |
| Japanese Yen | JPY | Yen |
| British Pound | GBP | Cable |
| Swiss Franc | CHF | Swissy |
| United States Dollars | USD | Buck |
Forex currency symbols are always three letters, where the first two letters identify the name of the country and the third letter identifies the name of that country’s currency.
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