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Majors

Most commonly traded currencies are referred to as Majors. Below is the list of currency abbreviations which we recommend to memorize.    

 

Currency Pair

Currency Pair is two indicated currencies which make up a quote at the financial market.

As a foreign currency trader you have to know the abbreviations of the commonly traded currencies (the Majors). Since you trade one currency for another, the currencies you chose to do business with will be shown in pairs.  For example: