Forex Currency Pair Nicknames: Cable and Fiber? | Vantage FX

currency pairs and correlation - how do you trade?

fellow forex traders i am curious about how you guys put together the list of currency pairs you are watching? especially if currency pair correlation play a role to you? for example if you have the eurusd in your list do you also have the gbpusd? these pairs are positively correlated at about 90%. see link:
if you take correlation into consideration at what percentage would you think that correlation is no longer important? at 80%? 70%?
i understand it would be to prefer to trade the eurusd as it has more liquidity and not trade both at same time as you expose yourself to the same risk in two trades.
i am a newbie so still in the process of finalizing my list. recently became aware of the correlations between some pairs and was thinking about which ones to exclude. this is my list:
Major Currencies:
Symbol Name Nickname
EURO/USD Euro-Dollar Euro
USD/JPY Dollar-Yen Yen
GBP/USD Sterling-Dollar Sterling
USD/CHF Dollar-Swiss Swissy
AUD/USD Austrialian-Dollar Aussie
USD/CAD Dollar-Canada Loonie
NZD/USD New Zealand-Dollar Kiwi
Cross Currencies:
Symbol Name Nickname
EURO/GDP Euro-Sterling Chunnel
EURO/CHF Euro-Swiss Chief
EURO/JPY Euro-Yen Yuppy
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The pair GBP/USD is commonly named as Cable. This is one of the best known nicknames used in Forex. The name is derived from the steel cable laid under the Atlantic Ocean in 1858 to link the UK and US, enabling telegraphic messages with currency prices to be transmitted between the London and New York exchanges. Nicknames and Abbreviations of Forex Currency Pairs Many Forex Currency Pairs have their nicknames and particular features. EUR/USD is the most traded currency pair globally, as it involves the world’s first and second strongest economies, the united states and the European Union. Let’s take a look at the two forex currency pair nicknames that get used the most, Cable and Fiber. 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 Being aware of and learning these currency pair nicknames will help novice traders better understand a conversation with professional traders about the forex market, and it will also help clarify forex market commentaries written by professional traders that often use such jargon. Trading a New Currency Pair The ultimate guide to currency nicknames - Forex for beginners 2020 on EUR and this tunnel came into operation at the same time, that is why the currency pair took this nickname. Cable. When Big Ban hasn’t yet been completed, and the Internet was the wildest dream, the UK and the US got connected by a steel cable beneath

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Forex Charts Analysis & Trade Ideas - Which Forex Pairs to Trade this Week - Many Forex Currency pairs have Nicknames, in this video we look at some of the most common and popular ones. There are many currency pairs which are termed as major currency pairs. Here we will talk about them and their nicknames and also about the other types of currency pairs apart from major currency ... Forex is a currency pairs online buy and sell market. We trade here to earn profit and I will free teach you about forex market strategy. hello dear Subscribers: The Currency Majors: 1. The Euro Dollar Symbol EUR/USD Nickname The Fiber 2. Pound Dollar Symbol GBP/USD also called The Cable or sterling. ... Which Forex Pairs to Trade this Week - Duration: 23 ... 17 videos Play all Getting Started in Currency Trading Rob Booker Trading The Roadmap to Trading as a Business - Duration: 21:32. Westmark Trading 19,673 views