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What is traded in forex market

In essence, one could potentially think of buying a currency almost as buying shares in a country, almost. The value of a country’s currency is directly correlated to all sorts of things, such as the sociopolitical surroundings that affect that currency. For example, if you are buying on the Japanese yen; this means that you are betting that the Japanese economy is only going to get healthier, and isn’t at risk of going south any time soon.

There are all sorts of differing theories that you might have about this: you may believe that it is buffered by a growing technology sector. You might believe that political stability has never been more secure. You might even believe that its latest announcements or partnerships will lead to it spiking up, for a specific reason, or notice how it fluctuates a certain commodity. Regardless – the point is, you are betting on Japan’s health, and so this is much different than buying shares in a company. Let’s take a look at some currencies that you can trade:

  • USD United States Dollar - Buck

  • EUR Eurozone Euro - Fiber

  • JPY Japan Yen -Yen

  • GBP Great Britain Pound - Cable

  • CHF Switzerland Franc - Swissy

  • CAD Canada Dollar - Loonie

  • AUD Australia Dollar - Aussie

  • NZD New Zealand Dollar - Kiwi

It should be noted that each currency is distinguished by three letters, and of course, there are various nicknames for currencies, that the advanced trader might use, as well. These are known as the “majors” specifically because they are the most traded currencies in the world, so it is important, before anything, to get familiar with these countries’ currencies, and learn as much information about them as possible, so you have a general idea of their value, and can refer to them quickly and efficiently.



“Trading FOREX since 2006. Full time trader and web developer since 2013. My two biggest hobbies are trading and web development. In TheForexKings I managed to connect both of them. Even after 12 years of trading I still have the same passion for the market as at the beginning. The aspect I enjoy the most : development and testing of new ideas.” 


Only in 2016 - 2017 we have created more than 400 forex strategies. During this period we have also developed and published +200 MT4 Expert advisors based on those strategies. We are dedicated to provide you with viable and complete trading systems that have thrived in extensive historical testing. We want to give you complete and transparent trading solutions, that once mastered ,will set you financially free. We want to give you a fighting and winning chance in the market. ” 

—  Marian, Proprietor of

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