Forex currencies !!

The US economy is the largest in the world. That is in the majority of Forex transactions traders involve the US dollar against another currency.The German mark, the Japanese yen, sterling (British pound) and the Swiss franc have been the basic currency of a lot of trading transactions. Each of these markets has very distinct features.The German mark has been replaced by the Euro. The German mark was a tower of strength. The traditional role of the Bundesbank was undermined after unification with the former East Germany and it has now been replaced by the European central bank.The Japanese yen has been highly changible in recent years. In October 1998, the most dramatic currency move in many years was seen as the dollar fell some 15% in just a few days against the Japanese yen.The Swiss franc serves as does the dollar from time to time, as a "safe haven". This is due to the isolation of the Swiss economy, its independent and neutral political acts and the secrecy of Switzerland's banking system.The British pound, always a big part of foreign exchange markets and the first currency to be Forex market traded actively against the US dollar via the transatlantic cables (hence the description "cable"), has traditionally weakened against most other currencies. This tendency has been reversed in recent years and the pound will remain an interesting currency as it takes its place as one of the few key European currencies.Here are some of the creal and common symbols used in the Forex market:USD - The US DollarEUR - The currency of the European Union "EURO"GBP - The British PoundJPN - The Japanese YenCHF - The Swiss FrancAUD - The Australian DollarCAD - The Canadian DollarNZD - The New Zealand DollarThe most commonly traded currencies are referred to as the 'Majors':US Dollar (USD)Japanese Yen (JPY)Euro (EUR)British Pound (GBP)Canadian Dollar (CAD)Australian Dollar (AUD)Swiss Franc (CHF)Most commonly traded currency pairs are:EUR/USD which stands for Euro / US DollarUSD/JPY which stand for US Dollar / Japanese YenGBP/USD which stands for British Pound / US DollarUSD/CAD which stands for US Dollar / Canadian DollarAUD/USD which stands for Australian Dollar/US DollarUSD/CHF which stands for US Dollar / Swiss FrancEUR/JPY which stands for Euro / Japanese YenThese are the symbols you will most commonly see in a Forex market platform. Of course there are many other symbols for other currencies as well, but these are the most commonly traded ones.