{"id":13494,"date":"2024-09-18T08:10:30","date_gmt":"2024-09-18T08:10:30","guid":{"rendered":"https:\/\/xlence-com.wp-dev.int.theitops.net?post_type=lessons&#038;p=13494"},"modified":"2026-01-23T13:21:09","modified_gmt":"2026-01-23T13:21:09","slug":"lesson-4-the-most-popular-currencies","status":"publish","type":"lessons","link":"https:\/\/www.xlence.com\/en\/lessons\/lesson-4-the-most-popular-currencies\/","title":{"rendered":"Lesson 4- The Most Popular Currencies"},"content":{"rendered":"\n<h2 class=\"wp-block-heading has-text-align-left\" id=\"h-the-most-popular-currencies\"><strong><em>The Most Popular Currencies<\/em><\/strong><\/h2>\n\n\n\n<p>With hundreds of currencies worldwide, it\u2019s impossible to monitor each one closely. The most popular<br>currencies include the US Dollar, the Euro, the Pound, and the Yen.<\/p>\n\n\n\n<p>Traders should familiarise themselves with the standard abbreviations for these currencies as<br>determined by the International Organisation for Standardisation. These abbreviations are widely<br>used in the market. The main ones include the USD for the US dollar, EUR for the Euro, GBP for the UK<br>pound, AUD for the Australian Dollar, CAD for the Canadian dollar and CHF for the Swiss Franc.<\/p>\n\n\n\n<div class=\"wp-block-group is-nowrap is-layout-flex wp-container-core-group-is-layout-6c531013 wp-block-group-is-layout-flex\">\n<div class=\"wp-block-columns is-layout-flex wp-container-core-columns-is-layout-28f84493 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:100%\">\n<div class=\"wp-block-group is-nowrap is-layout-flex wp-container-core-group-is-layout-6c531013 wp-block-group-is-layout-flex\">\n<figure class=\"wp-block-image size-full is-resized\"><img fetchpriority=\"high\" decoding=\"async\" width=\"520\" height=\"454\" src=\"https:\/\/www.xlence.com\/wp-content\/uploads\/2024\/09\/Screenshot-2024-09-18-110741-4.png\" alt=\"Visual representation of currency codes for different countries, part of a lesson on popular currencies.\" class=\"wp-image-13846\" style=\"width:303px;height:auto\"\/><\/figure>\n\n\n\n<figure class=\"wp-block-image size-full is-resized\"><img decoding=\"async\" width=\"75\" height=\"264\" src=\"https:\/\/www.xlence.com\/wp-content\/uploads\/2024\/09\/Screenshot-2024-09-19-094644-1.png\" alt=\"\" class=\"wp-image-13855\" style=\"width:76px;height:auto\"\/><\/figure>\n\n\n\n<figure class=\"wp-block-image size-large is-resized\"><img decoding=\"async\" width=\"519\" height=\"451\" src=\"https:\/\/www.xlence.com\/wp-content\/uploads\/2024\/09\/Screenshot-2024-09-18-110831.png\" alt=\"Table displaying popular currencies and their corresponding codes for a lesson on currency identification.\" class=\"wp-image-13512\" style=\"width:302px;height:auto\"\/><\/figure>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n\n\n\n<figure class=\"wp-block-image size-full is-resized\"><img loading=\"lazy\" decoding=\"async\" width=\"250\" height=\"219\" src=\"https:\/\/www.xlence.com\/wp-content\/uploads\/2024\/09\/Screenshot-2024-09-19-094208-1.png\" alt=\"\" class=\"wp-image-13864\" style=\"width:25px;height:auto\"\/><\/figure>\n\n\n\n<p>Every available currency has an abbreviation.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-so-how-exactly-are-currencies-traded\"><strong>So, how exactly are currencies traded?<\/strong><\/h2>\n\n\n\n<p>Trading currencies in the forex market is similar to buying and selling stocks. If you think the company<br>is performing well, you buy shares in the company with the expectation that the share price will<br>increase in value. In forex, instead of buying shares of companies, you buy currencies by exchanging<br>one currency for another. For example, if you believe that the economy of a specific country is thriving, you expect its currency to appreciate so you would buy the currency.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Most Popular Currencies With hundreds of currencies worldwide, it\u2019s impossible to monitor each one closely. The most popularcurrencies include the US Dollar, the Euro, the Pound, and the Yen. Traders should familiarise themselves with the standard abbreviations for these currencies asdetermined by the International Organisation for Standardisation. These abbreviations are widelyused in the market. [&hellip;]<\/p>\n","protected":false},"featured_media":0,"template":"","class_list":["post-13494","lessons","type-lessons","status-publish","hentry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.2 (Yoast SEO v27.3) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Popular Currencies in Forex | Lesson 4<\/title>\n<meta name=\"description\" content=\"Lesson 4 explains the most popular currencies in forex trading, common currency abbreviations, and how currencies are traded.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.xlence.com\/en\/lessons\/lesson-4-the-most-popular-currencies\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Lesson 4- The Most Popular Currencies\" \/>\n<meta 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