Currencies are always traded in pairs in FOREX. The pairs have a unique notation that expresses what currencies are being traded. The symbol for a currency pair will always be in form ABC/DEF. ABC/DEF is not a real currency pair, it is an example of a symbol for a currency pair. In this example ABC is symbol for one countries currency and DEF is symbol for another countries currency.

Here are some of common symbols used in Forex:

USD - The US Dollar EUR - The currency of European Union "EURO" GBP - The British Pound JPN - The Japanese Yen CHF - The Swiss Franc AUD - The Australian Dollar CAD - The Canadian Dollar

There are symbols for other currencies as well, but these are most commonly traded ones.

A currency can never be traded by itself. So you can not ever trade a EUR by itself. You always need to compare one currency with another currency to make a trade possible.

Some of common PAIRS are:

EUR/USD Euro / US Dollar "Euro"

USD/JPY US Dollar / Japanese Yen "Dollar Yen"

GBP/USD British Pound / US Dollar "Cable" USD/CAD US Dollar / Canadian Dollar "Dollar Canada" AUD/USD Australian Dollar/US Dollar "Aussie Dollar" USD/CHF US Dollar / Swiss Franc "Swissy" EUR/JPY Euro / Japanese Yen "Euro Yen"

A Personal Stock Market Investment Philosophy

∙ Make every investment in stock market a long-term investment.

My Mother worked as a teller in a small bank in Dover, New Jersey. The name of bank was called The Dover Community Bank. While working at bank (she eventually became a branch manager) she enrolled in bank’s dividend reinvestment plan, making purchases of stock through pay-roll deductions. She continued purchasing stock through years, having dividends from her shares in bank reinvested into more shares every quarter. By time she left bank (in early seventies) she had accumulated around 300 shares of The Dover Community Bank.

My Father, when he retired, had dividends from those shares sent home – to help ends-meet. When my Dad passed away at age 80, my brother and I inherited over 7,600 shares of The Bank of New York, all originating from those 300 shares of what was once called The Dover Community Bank.

From this personal experience grew an investment philosophy that all stock market investments in a security should be purchased with intent of providing dividend income to help ends-meet during retirement, with understanding that no one can successfully retire without financial freedom. So every investment now in a security is purchased with intent of holding that security (and adding to it during years) until dividend income from that security is ample enough to ease loss of income from retiring from my job.

∙ Make every investment in stock market provide you with an ever-increasing cash dividend for rest of your life.

With philosophical investment approach of holding a security position forever, what criteria should I be looking for in that security? Certainly dividend income – that’s a given! And since I never intend to sell security, capital gains may not even be an issue.