Understand the major currencies and currency pairs in Forex

As we mentioned before, all exchange rate quotes in the forex market are in pairs. This is important, but knowing exactly what is in each pair is even more important. Whether you are a novice who is about to make your first trade, or a veteran who will use your extensive expertise to perform technical analysis, understanding each currency you trade will greatly help you in future trades.
Before we get into today's topic, let's review some of the major currencies in the forex market.

Major currency
When trading forex, traders inevitably come across these so-called "major currencies". As the name suggests, major currencies refer to several currencies that are frequently traded in the world, including the euro (EUR), the US dollar (USD), the Japanese yen (JPY), the British pound (GBP), the Australian dollar (AUD), and the Swiss Franc (CHF). The following chart lists the major currencies and their countries and symbols:
 
Straight plate
Next, we will see what is known as "straight" currency pairs. The term "straight" refers to a pair that contains the U.S. dollar and any of the major currencies. For example: the euro is a major currency, and when paired with the US dollar to EUR/USD, the quote is called a straight order.