Chapter 3  TRADED CURRENCIES

TRADED CURRENCIES-Pic no.1

There are 8 primary currencies traded, including;

NO      SYMBOLS            MEANING                                 COUNTRY
1.        USD            –      US DOLLAR             –              UNITED STATE
2.        GBP          –   GREAT BRITAIN POUND   –   UNITED KINGDOM
3.        EUR           –           EURO                  –                 EURO ZONE
4.        NZD     –    NEW ZEALAND DOLLAR       –     NEW ZEALAND
5.        AUD   -      AUSTRALIAN DOLLAR        –         AUSTRALIA
6.        JPY        -     JAPANESE YEN               –                 JAPAN
7.       CHF     –       SWISS FRANCE               -         SWITHZERLAND

The base and the qoute make up the pair in which this currency is traded. Qoute is on the right, and the base is on the left. GBP/USD as an example. The quote is in USD, while the basis is GBP.


This pair is separated into three sections, which are as follows:

TRADED CURRENCIES-Pic no.2

1. Major pair
2. Cross pair
3. Exotic pair


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