short selling
Channel: Forex course
Date: 2020-12-06

5⃣. *Major Pairs Make Trading Simpler*

```Although the foreign exchange market is often billed as a banker's game,currencies can sometimes be great diversification for a portfolio that might have hit a bit of a rut. It's a market that can also offer tremendous opportunity when other global forums enter the doldrums. As a result, knowing a little bit about forex, and the fundamentals behind it, can make significant additions to any trader, investor or portfolio manager's arsenal. Let's take a look at eight currencies every trader or investor should know, along with the central banks of their respective nations.```

1. U.S. Dollar (USD)
Central Bank: Federal Reserve (Fed)


2. European Euro (EUR)
Central Bank: European Central Bank(ECB)


3. Japanese Yen (JPY)
Central Bank: Bank of Japan (BoJ)

4. British Pound (GBP)
Central Bank: Bank of England (BoE)

5. Swiss Franc (CHF)
Central Bank: Swiss National Bank (SNB

6. Canadian Dollar (CAD)
Central Bank: Bank of Canada (BoC)

7. Australian Dollar (AUD)
Central Bank: Reserve Bank of Australia (RBA)


8. New Zealand Dollar NZD
Reserve Bank of New Zealand (RBNZ)