Tag Archives: Europe

Common Currency Pairs in Global Forex Trading – Currency Trading

Generally speaking, any two currency pairs can be traded back and forth. Even if common information is not kept about two specific currency pairs with respect to each other, that currency information can be obtained by comparing both of those currencies to the American dollar. The world economy still largely operates based on the US dollar, and for that reason, you can use that dollar as a middle man to trade any two currencies the world has to offer. That said, however, there are some currency pairs that are more commonly traded than their counterparts and these pairs are the focus of the discussion below.

American Dollar and European Dollar: This particular currency pair is also known as the EUR/USD or the USD/EUR depending on the particular point of view to trading that you bring to the table. It is also arguably the most traded currency in the world when the major conventional traders are removed from the picture which essentially means that most of the individual traders that enter the Forex market through online channels eventually settle on trading these two currencies back and forth. Over the long run, there has been a steady gain of the EUR on the USD and over the short run there is enough volatility in the market to allow you to make multiple trades on trends a day if that is what you want to do.

American Dollar and British Pound: This particular currency pair is also known as the USD/GBP or the GBP/USD currency pair. This used to be the most common currency pair traded in the world and might still be the most common one traded if you put the conventional large traders back into the picture. There tends to be far less short term volatility in this market which is perhaps why individual traders prefer the EUR/USD to this one.

American Dollar and Canadian Dollar: This one is also known as the USD/CAD or the CAD/USD. While not a particularly common trade made on a worldwide scale you will see this trade quite often in the North American market. Even outside conscious Forex trading there are hundreds of exchanges between these two currencies everyday because of the close relationship the two parent countries have.

European Dollar and British Pound: Also known as the EUR/GBP or GBP/EUR. This is a very popular trade in Europe and particularly in the United Kingdom but on a worldwide basis it is generally a better bet to go with the EUR/USD currency pair because of the greater volatility that market brings to the table.

Chinese Yuan and Japanese Yen: This is the CHY/JPY or the JPY/CHY currency pair. This trade is very popular in Asia and like the CAD/USD trade also occurs quite often outside of conscious currency trading with the number of people that travel back and forth between areas that have these two pairs.

These are by no means the only currency pairs available for you to trade as stipulated in the introduction, but they are definitely some of the more popular ones. Every reputable and decent quality online Forex software will automatically have at least these five currency pairs programmed into them and a good number of the software packages you can find on the internet will have many more as well as custom options that you can use to track your own currency pairs.

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Understanding The Professional White Van Man

The phrase “white van man” has become a staple of our vernacular, but unfortunately, negative stereotypes may still exist in spite of the professionalism required to gain a foothold in the competitive world of courier jobs. It’s time to address the issue once and for all and put an end to the inaccurate portrayal of the white van man.

Popularisation of the Term

Those in the know in the transportation industry must have been dismayed when they heard Radio 2 DJ Sarah Kennedy refer disparagingly to “white van men”, back in 1997. It didn’t take long for the term to catch on and be used as an all-embracing reference to people who earned a living doing deliveries and courier jobs. The Sunday Times published a prophetic article entitled “Number is up for white van men” in reference to the inevitable decline in the availability of employment for dedicated drivers. However, happily, their prediction has been proved completely wrong.

Road Safety

Research conducted by the RAC has revealed that a far higher proportion of cars than vans or lorries are involved in serious accidents each year in UK roads. Far from being reckless and irresponsible, it appears that those who drive for a living are, in fact, far more attuned to road safety, courtesy and consideration to other road users. Experts say this is most likely because professional van drivers need to know the rules of the road and take advanced tests before being able to take on courier jobs as a living.

Supporting the Professionalism of White Van Men

There are a number of other statistics and facts that can be used to back up the professional standards of the humble white van man. In various surveys conducted over the past two years, it’s been revealed that over 65% of the demographic have never had to make insurance claims as a consequence of road accidents, and more than 50% read books on a regular basis in order to stay abreast of global and local current affairs. In today’s modern world, driving for a living is considered a legitimate profession and not just a stopgap to fill in time until something better comes along.

The Unheralded Workforce

There many thousands of so-called “white van men” in the UK workforce. Some specialise in local deliveries while others go further afield to take on work in Europe. According to the surveys. The things they deem important include pride in their professional appearance and the effort to routinely clean and maintain their vehicles while working on courier jobs. This importance weighted towards maintaining high standards of professionalism and positive local promotion is a far cry from a radio DJs disparaging remarks all those years ago, and many workers in the transport industry land lucrative contracts with international businesses and are amongst the country’s top earners.