In the Forex trading market, you have several currencies to choose from. Most Forex trading deals are done using the major currencies. These are the seven most frequently traded currencies.
The major currencies include:
USD – United States Dollar
EUR – The European union Euro
JPY – The Japanese Yen
GBP – The UK Pound
CHF – The Swiss Franc
CAD – The Canadian Dollar
AUD – The Australian Dollar
All currencies other than the major currencies are called minors
Trading these major currencies are banks, companies, investment firms, hedge funds and Forex trading brokers.
Banks do a lot of the trading themselves. These include trades that are done for the bank's clients and ones that are done for the bank itself. Banks can trade huge amounts of major currencies, depending on the size and funding of the bank
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