The first currency listed in a pair, representing the currency being bought or sold. It is one of the foundational building blocks of forex market structure, and misunderstanding it can lead to confusion when reading quotes or calculating trade size.
The first currency listed in a pair, representing the currency being bought or sold. It is one of the foundational building blocks of forex market structure, and misunderstanding it can lead to confusion when reading quotes or calculating trade size.
Profit or loss is calculated relative to this currency's movement. New traders benefit from internalizing this early, since it underpins much of the terminology and reasoning used throughout the rest of their trading education.
In EUR/USD, EUR is the base currency. Most traders come across this while reviewing charts, monitoring news feeds, or checking their account dashboard, and being able to spot it quickly is a useful practical skill.
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South Africa (9)
India (9)
Bangladesh (12)
Germany (9)
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Philippines (9)
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Malaysia (9)
