Two currencies quoted together, showing how much of the quote currency is needed to buy one unit of the base currency. 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.
Two currencies quoted together, showing how much of the quote currency is needed to buy one unit of the base currency. 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.
Every forex trade is a simultaneous bet on one currency strengthening and the other weakening. New traders benefit from internalizing this early, since it underpins much of the terminology and reasoning used throughout the rest of their trading education.
Displayed as EUR/USD, GBP/JPY, USD/CAD, etc. 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.
IUX
Exness
Vantage
XM
ICMarkets
LiteFinance
Moneta
Tickmill
South Africa (9)
India (9)
Bangladesh (12)
Germany (9)
Thailand (10)
Philippines (9)
Nigeria (10)
Vietnam (10)
Malaysia (9)
