Forex Basics

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    Forex Basics
    Forex is quoted in currency pair. Each currency is given a 3-Letter code.
    8 Most Common Currency Symbols
    EUR Eruo
    USD US Dollar
    GBP British Pound
    JPY Japnese Yen
    CHF Swiss Franc
    AUD Australian Dollar
    CAD Canadian Dollar
    NZD New Zealand Dollar

    Other currency symbols
    SEK Swedish Krona
    DKK Danish Krone
    NOK Norwegian Krone
    SGD Singapore Dollar
    ZAR South African Rand

    Successful traders only trade the most common and liquid 7 pairs
    EUR/USD, GBP/USD, USD/JPY, USD/CHF, AUD/USD, NZD/USD, and USD/CAD

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