A currency pair is the price of onein relation to another. Currency pairs are traded on the .
Currencies are always traded in pairs, so if you buy one What is currency? Currencies are the generally accepted medi... More you will automatically be selling another and vice versa.
For example, if you decide to buy EUR/USD, you purchaseand pay for them with . If you close your , you sell your euros and automatically purchase back the US dollars.
The first currency in a A currency pair is the price of one currency in relation to... More 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: