When starting in Forex trading, it would be wise to start trading with the major seven. It is also recommended to start with your own country currency if you are living in one of the major seven country as you are in a better position to judge the value of the currency.
You should be aware that currencies are normally stated in a three-alphabate symbol in FX market.
For the major seven, currency symbol are as below:
Currency | Symbol | Nickname |
| Australian Dollar | AUD | Aussie |
| Canadian Dollar | CAD | Loonie |
| Euro | EUR | Fiber |
| Japanese Yen | JPY | Yen |
| British Pound | GBP | Cable |
| Swiss Franc | CHF | Swissy |
| United States Dollars | USD | Buck |
Forex currency symbols are always three letters, where the first two letters identify the name of the country and the third letter identifies the name of that country’s currency.
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