Bab 3 TRADED CURRENCIES
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:
1. Major pair
2. Cross pair
3. Exotic pair
