Base currency

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    Base currencyWhat is a base currency versus a quote currency?

    The base currency is the first currency in a currency pair. In forex trading, currencies are always paired and the base currency is the currency you are buying.

    For example, in the GBP/USD currency pair, the base currency is British pound (GBP) and in USD/JPY, the base currency is US dollar (USD).

    The second currency in the currency pair is the quote currency. On charts, the quote currency is the price displayed.

    Example: If the EUR/USD is quoted as 1.30, to buy €1, you would need to pay $1.30, the US dollar price being the quote currency on the chart.

    Trading with currencies

    At tradimo, currency trading is one of our focus areas. In addition to a special forex forum, check out our forex concepts and strategies. If you are new to trading, we recommend you our forex beginner strategy: