currency Nick Names is part of funs attached to forex trading as business housing billions of people with trillions of money being exchanged on daily basis.
New traders often get confused when old gurus in trading uses nick in the cause of explaining or disusing market analysis with them, this often throw them off balance as they rarely understand what they mean when using those nick names..
just like every other other carries in the world with its own terms and fun so is forex trading too. so today we are going to explore there names.. so you can make fun too while trading
Here are the list currency pair and there nick names, some may appear to have more than 1 nick name i will also do justices to them
GBP/USD – Cable: Back in the mid-19th century, before the invention of satellites and fiber optics, the exchange rate between the British Pound Sterling (GBP) and the US Dollar (USD) was actually transmitted across the Atlantic Ocean via submarine cable. The first such cable between the London and NY exchanges was laid in 1858 and the rest as they say, is history!
Traders love to talk about the good old days and this piece of forex trading history has stuck with traders generations onward.
EUR/USD – Fiber: But what about the brand spanking new Euro that was first introduced in only 1999? EUR/USD of course doesn’t quite have the same romantic history to draw upon that Cable does. So what do traders do? Well, being the funny bunch that they are, they’ve gone and simply ‘upgraded’ the old Cable to a state of the art Fibre Optic line. Hence the nickname Fibre!
The nickname Fiber is simply a play on words on the first nicknamed Cable. Isn’t it funny how nicknames like this just stick!
Of course there are many more forex currency pair nicknames going around which we’ve listed for you here:
AUD/USD – Aussie
NZD/USD – Kiwi
USD/CHF – Swissy
USD/CAD – Loonie
GBP/JPY – Guppy
EUR/JPY – Yuppy
EUR/GBP – Chunnel
others are :-
USD/JPY-Ninja
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