{"id":1091,"date":"2020-06-01T07:55:53","date_gmt":"2020-06-01T07:55:53","guid":{"rendered":"https:\/\/xtreamforex.com\/?page_id=1091"},"modified":"2024-07-01T11:51:17","modified_gmt":"2024-07-01T11:51:17","slug":"majors-and-currency-pairs-revisited","status":"publish","type":"page","link":"https:\/\/www.xtrememarkets.com\/MU\/majors-and-currency-pairs-revisited\/","title":{"rendered":"Majors and Currency Pairs Revisited"},"content":{"rendered":"<p>[vc_row full_width=&#8221;stretch_row&#8221; css=&#8221;.vc_custom_1591487567322{margin-bottom: 10px !important;background-color: #eceeef !important;}&#8221; el_class=&#8221;bcrumb&#8221;][vc_column][vc_column_text css=&#8221;.vc_custom_1591487739762{margin-top: -20px !important;margin-bottom: 15px !important;}&#8221;]<\/p>\n<div class=\"breadcrumb\">\n<div class=\"container b2\">HOME \/ EDUCATION \/ Majors and Currency Pairs Revisited<\/div>\n<\/div>\n<p>[\/vc_column_text][\/vc_column][\/vc_row][vc_row css=&#8221;.vc_custom_1591002411111{margin-top: 25px !important;}&#8221;][vc_column][vc_column_text el_class=&#8221;career about_li what_forx&#8221;]<\/p>\n<h3 class=\"text-left\" style=\"text-align: left; font-size: 32px; font-weight: 400;\">Currency Acronyms<\/h3>\n<p>Since foreign currencies are quoted in terms of value of one currency against another, a Forex currency pair consists of an acronym for both currencies, separated by a slash &#8220;\/&#8221;. The acronyms used were established in 1947 and we have listed a few below:<\/p>\n<h6 class=\"text-left\" style=\"font-size: 16px;\">Currency Acronyms:<\/h6>\n<ul class=\"about_li\">\n<li><i class=\"dashicons dashicons-yes-alt\"><\/i>GBP = Great British Pound<\/li>\n<li><i class=\"dashicons dashicons-yes-alt\"><\/i>EUR = Euro<\/li>\n<li><i class=\"dashicons dashicons-yes-alt\"><\/i>CHF = Confoederatio Helvetica Franc (Swiss Franc)<\/li>\n<li><i class=\"dashicons dashicons-yes-alt\"><\/i>USD = United States Dollar<\/li>\n<li><i class=\"dashicons dashicons-yes-alt\"><\/i>CAD = Canadian Dollar<\/li>\n<li><i class=\"dashicons dashicons-yes-alt\"><\/i>JPY = Japanese Yen<\/li>\n<li><i class=\"dashicons dashicons-yes-alt\"><\/i>AUD = Australian Dollar<\/li>\n<li><i class=\"dashicons dashicons-yes-alt\"><\/i>NZD = New Zealand Dollar<\/li>\n<\/ul>\n<p>Currencies are always traded in pairs, for example EUR\/USD, USD\/JPY. Every position requires the buying of one currency and selling of another. When someone says they are &#8220;buying the EUR\/USD&#8221;, they are buying Euros and selling Dollars.<\/p>\n<p>There are many other Forex currency pairs available to trade, such as the Danish Krone, Mexican Peso, and Russian Ruble. However, these currency pairs are generally traded less, and are not considered major currencies.<\/p>\n<h4 class=\"text-left\">Major Forex Currency Pairs<\/h4>\n<p>Some Forex currency pairs are traded more heavily than others. The currency pairs that have the most volume consist of the &#8220;majors&#8221;. It is widely agreed that the following 6 pairs are considered the majors:<\/p>\n<p>For example, let&#8217;s assume a Forex trader buys 1 standard lot of GBP\/USD. The current exchange rate is 1.9615. Essentially this trader is buying 100,000 Pound in exchange for $196,150. Again, for example&#8217;s sake, assume the Forex market rate rose 15 PIPs to 1.9630 and the trader liquidates the position. The same 100,000 Pound is now worth $196,300, the trader realizing a $150 profit.<\/p>\n<ul class=\"about_li\">\n<li><i class=\"dashicons dashicons-yes-alt\"><\/i>EUR\/USD<\/li>\n<li><i class=\"dashicons dashicons-yes-alt\"><\/i>GBP\/USD<\/li>\n<li><i class=\"dashicons dashicons-yes-alt\"><\/i>USD\/JPY<\/li>\n<li><i class=\"dashicons dashicons-yes-alt\"><\/i>USD\/CHF<\/li>\n<li><i class=\"dashicons dashicons-yes-alt\"><\/i>USD\/CAD<\/li>\n<li><i class=\"dashicons dashicons-yes-alt\"><\/i>AUD\/USD<\/li>\n<\/ul>\n<p>Nicknames are sometimes used for currency pairs. Here is a list of Forex currency pairs and commonly used nicknames for each:<\/p>\n<ul class=\"about_li\">\n<li style=\"list-style-type: none;\">\n<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li><i class=\"dashicons dashicons-yes-alt\"><\/i>GBP &#8211; Pound, Cable, or Sterling<\/li>\n<li><i class=\"dashicons dashicons-yes-alt\"><\/i>EUR &#8211; Euro<\/li>\n<li><i class=\"dashicons dashicons-yes-alt\"><\/i>CHF &#8211; Swissy, or Franc<\/li>\n<li><i class=\"dashicons dashicons-yes-alt\"><\/i>USD &#8211; Greenback<\/li>\n<li><i class=\"dashicons dashicons-yes-alt\"><\/i>CAD &#8211; Loonie<\/li>\n<li><i class=\"dashicons dashicons-yes-alt\"><\/i>AUD &#8211; Aussie<\/li>\n<li><i class=\"dashicons dashicons-yes-alt\"><\/i>NZD &#8211; Kiwi<\/li>\n<li><i class=\"dashicons dashicons-yes-alt\"><\/i>JPY &#8211; Yen<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p>[\/vc_column_text][\/vc_column][\/vc_row][vc_row full_width=&#8221;stretch_row&#8221; css=&#8221;.vc_custom_1686979518207{padding-top: 8px !important;padding-bottom: 22px !important;background-color: #000000 !important;}&#8221;][vc_column width=&#8221;1\/6&#8243;][\/vc_column][vc_column width=&#8221;2\/3&#8243;][vc_row_inner][vc_column_inner width=&#8221;5\/12&#8243;][vc_btn title=&#8221;Open Live Account&#8221; style=&#8221;custom&#8221; custom_background=&#8221;#000000&#8243; custom_text=&#8221;#ffffff&#8221; shape=&#8221;square&#8221; align=&#8221;center&#8221; el_class=&#8221;white_border&#8221; link=&#8221;url:https%3A%2F%2Fmy.xtrememarkets.com%2Faccount%2Fregister.php%3Fmu%3D1||target:%20_blank|&#8221;][\/vc_column_inner][vc_column_inner width=&#8221;1\/6&#8243;][vc_column_text el_class=&#8221;ptxt&#8221;]<\/p>\n<p style=\"text-align: center;\">Or<\/p>\n<p>[\/vc_column_text][\/vc_column_inner][vc_column_inner width=&#8221;5\/12&#8243;][vc_btn title=&#8221;Open Demo Account&#8221; style=&#8221;custom&#8221; custom_background=&#8221;#000000&#8243; custom_text=&#8221;#ffffff&#8221; shape=&#8221;square&#8221; align=&#8221;center&#8221; el_class=&#8221;white_border&#8221; link=&#8221;url:https%3A%2F%2Fmy.xtrememarkets.com%2Faccount%2Fregister.php%3Fmu%3D1||target:%20_blank|&#8221;][\/vc_column_inner][\/vc_row_inner][\/vc_column][vc_column width=&#8221;1\/6&#8243;][\/vc_column][\/vc_row]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>[vc_row full_width=&#8221;stretch_row&#8221; css=&#8221;.vc_custom_1591487567322{margin-bottom: 10px !important;background-color: #eceeef !important;}&#8221; el_class=&#8221;bcrumb&#8221;][vc_column][vc_column_text css=&#8221;.vc_custom_1591487739762{margin-top: -20px !important;margin-bottom: 15px !important;}&#8221;] HOME \/ EDUCATION \/ Majors and Currency Pairs Revisited [\/vc_column_text][\/vc_column][\/vc_row][vc_row css=&#8221;.vc_custom_1591002411111{margin-top: 25px !important;}&#8221;][vc_column][vc_column_text el_class=&#8221;career about_li what_forx&#8221;] Currency Acronyms Since foreign currencies are quoted in terms of value of one currency against another, a Forex currency pair consists of an acronym for both<\/p>\n... <a href=\"https:\/\/www.xtrememarkets.com\/MU\/majors-and-currency-pairs-revisited\/\">continue reading<\/a>.","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v16.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\r\n<title>Majors and Currency Pairs Revisited | Xtream markets<\/title>\r\n<meta name=\"description\" content=\"Most currency transactions involve the Forex market offers its participants the potential to trade on margin. 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