Friday, May 23, 2008

Forex101: CURRENCY PAIRS

Consider the following Currency Pairs. They are the most traded currency therefore moving in concert. Choosing the right Currency Pairs at the right time at the right situation will determine your success as a trader.
Symbol: GBPUSD
Currency Pair: British Pound / US Dollar
Trading Terminology: "Cable"
Symbol: EURUSD
Currency Pair: Euro / US Dollar
Trading Terminology: "Euro"
Symbol: USDJPY
Currency Pair: US Dollar / Japanese Yen
Trading Terminology: "Dollar Yen"
Symbol: USDCHF
Currency Pair : US Dollar / Swiss Franc
Trading Terminology: "Dollar Swiss", or "Swissy"
Symbol: USDCAD
Currency Pair : US Dollar / Canadian Dollar
Trading Terminology: "Dollar Canada"
Symbol: AUDUSD
Currency Pair: Australian Dollar / US Dollar
Trading Terminology : "Aussie Dollar"
Symbol: EURGBP
Currency Pair: Euro / British Pound
Trading Terminology: "Euro Sterling"
Symbol: EURJPY
Currency Pair: Euro / Japanese Yen
Trading Terminology: "Euro Yen"
Symbol: EURCHF
Currency Pair: Euro / Swiss Franc
Trading Terminology: "Euro Swiss"
Symbol: GBPCHF
Currency Pair: British Pound / Swiss Franc
Trading Terminology: "Sterling Swiss"
Symbol: GBPJPY
Currency Pair: British Pound / Japanese Yen
Trading Terminology: "Sterling Yen"
Symbol: CHFJPY
Currency Pair: Swiss Franc / Japanese Yen
Trading Terminology: "Swiss Yen"
Symbol: NZDUZD
Currency Pair: New Zealand Dollar / US Dollar
Trading Terminology: "New Zealand Dollar" or "Kiwi"
Symbol: USDZAR
Currency Pair : US Dollar / South African Rand
Trading Terminology: "Dollar Zar" or "South African Rand"
Symbol: GLDUSD
Currency Pair: Spot Gold
Trading Terminology: "Gold"
Symbol: SLVUSD
Currency Pair : Spot Silver
Trading Terminology: "Silver



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