What are pairs?

What are pairs?

What are pairs
Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on pinterest
Pinterest
Share on reddit
Reddit
Share on whatsapp
WhatsApp

In forex trading the currencies are always bought and sold in pairs because you are trading one currency on the prices which are relative to another currency. A currency pair is a quotation of two currencies which means what is the value of a currency if we convert it or exchange it with another one. For example, a currency pair in forex looks like this “USD/EUR 1.4250”, here the first currency is called the base currency and the second one is called the quote currency. Furthermore, it means that the base currency (USD $1) will be bought for this much quote currency (1.4250 Euros). These short forms (USD/EUR) are called the ISO currency code which identifies a currency in the forex market, every recognized currency is represented with these three letter alphabetic codes set by International Organization for Standardization (ISO).

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on pinterest
Pinterest
Share on reddit
Reddit
Share on whatsapp
WhatsApp
0 0 votes
Article Rating
Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments
0
Would love your thoughts, please comment.x
()
x

Get Registered For FREE Forex Training!

Fill In Your Details To Get Registered For FREE Forex Training!