A A currency pair is the price of one currency in relation to... More is the What are value stocks? A value company is a company that app... More of one in relation to another. What is currency? Currencies are the generally accepted medi... More pairs are traded on the .
Currencies are always traded in pairs, so if you buy one currency you will automatically be selling another and vice versa.
For example, if you decide to buy EUR/USD is a currency pair consisting of the euro and t... More, you purchase and pay for them with . If you close your , you sell your euros and automatically purchase back the US dollars.
The first currency in a currency pair is called the What is a base currency versus a quote currency? The base c... More. The second currency is called the What is a quote currency compared to a base currency? The q... More.
Trading currency pairs
To start learning how to trade currencies, we recommend our forex beginner strategy: