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Wednesday, July 2, 2008

Forex Currency Nicknames

Recently I’ve had a few questions about the various nicknames that certain currency pairs have. This can be very confusing, because some commentators, wallets and news feeds will refer to currency pairs in their nicknames, which makes it difficult to follow along and or even participate in the conversation.

There are really nicknames for two different categories. One naming convention refers to actual currency pairs, while the other naming conventions refer to the individual currency itself.

Individual currency nicknames are as follows:

USD = Greenback or Buck

EUR = Euro

GBP = Pound Cable

JPY = Yen

CHF = Swissy of Franc

CAD = Loonie

AUD = Aussie

NZD = kiwi

The most popular currency pair nicknames along with their symbols are shown below:

USD/JPY = Dollar Yen

GBP/USD = Sterling

EUR/USD = Fiber

USD/JPY = Gopher

EUR/GBP = Chunnel

GBP/CHF = Geppy

It makes it easier when following CNBC other news broadcasts to understand what the terminology is in the special language that is used in this Forex trading niche. It’s also helpful, because financial commentary usually is at such a rapid and fast-paced that when you hear an awkward name such as the key we wore the sterling or the fiber that you don’t get hung up asking the question, “what is that”, and then this the following news announcement.

These are the major names of the Forex currency pairs and of the actual currencies, I hope this helps and defines some use for this information. Learning everything in the Forex market takes some time. There are some great courses out there that help with this, it’s also easier to learn from and mimic successful traders, and there are very few courses out there that I would recommend to friends and family. And since friends and family have been wanting me to teach them how to trade for a couple of years now. I decided to fill that need and provide the best quality course available online.

Make it Easy Forex, Learn Forex Trading with the best for Forex Day Trading System.

-Mission Phoenix

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