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Home : Forex 101 Classroom : Major Currencies Traded

Major Currencies Traded in Forex Market

The most traded currency in Forex market 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 are:

EUR/USD, which yields 28% from total trades.
USD/JPY, which yields 17% from total trades.
GBP/USD, which yielfs 14% from total trades.

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.

Currency Symbol

Currencies are normally stated in a three-alphabate symbol. For the major seven, currency symbol are as below:

AUD - Australian Dollar
CAD - Canadian Dollar
EUR - Euro
JPY - Japanese Yen
GBP - British Pound
CHF - Swiss Franc
USD - United States Dollars

These symbols and names are set according to ISO4217 standard. For more information on world currency symbols and numeric codes, visit official website of ISO-4217 Standard.

Moving on, we will talk about risks management in Forex trading. As in any trade market, Fundamental and Technical analysis techniques are used in Forex trading.