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.

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Forex Trading | Stochastics |

This Forex Trading Lesson is on Stochastics and how it is used in the 4x.

The stochastics is a funny indicator, many forex traders feel that it is good for nothing and that you cannot trade using the stochastics. This is not true. The stochastics indicator is a good indicator but with all indicators you have to know how to use them. The secret to using the stochastic in forex trading is that you must use the stochastic on a longer term time frame. If a trader were to use the stochastics alone on the daily time frame and have enough patience and self dicipline, that trader would surely become very wealthy.

Currency trading is just like any other trading or day trading. When you lean how to trade the forex it all just seams to click. The only difference with the forex market is due to the highly leveraged nature of the currency market. This highly leveraged market plays horrible games with our emotions.

With the right currency charts, the right forex trading eduction, you can build a great forex strategy that will prove out to yield massive wealth over time. Remember this is never a get rich quick type of deal. It takes hard work, consistency, and a clear mind.

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Live Abundantly and Then Share That Abundance,

-Mission