What is a quote currencyWhat is a quote currency compared to a base currency? The q... More compared to a base currencyWhat is a base currency versus a quote currency? The base c... More?
The quoteIn trading, quote is a combination of a bid and an ask pric... More currencyWhat is currency? Currencies are the generally accepted medi... More is the second in a . In , currencies are always paired and the quote currency is the currency you are paying with.
For example, in the currency pair, the quote currency is the and in , the quote currency is the .
On a , the priceWhat are value stocks? A value company is a company that app... More is always displayed in the quote currency on the right side of the chart. For example, if you trade the USD/JPYWhat is the "Gopher"? USD/JPY is a currency pair consisti... More, the priceWhat is price? The price is the measure of the value of good... More is displayed in yen as this is the amount of yen you need to buy one US dollar.
The first currency in the currency pair is the .
Example: If the EUR/USDEUR/USD is a currency pair consisting of the euro and t... More is quoted as 1.23, to buy the base currency of €1, you would need to pay $1.23, 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 , check out our . If you are new to trading, we recommend you our forex beginner strategy
