Understanding Forex Quotes Looking at any Forex quote, you know this that all currencies are quoted in pairs, such as the EUR/USD pair or the USD/JPY pair. This is because when you buy or sell currency, you are buying one and selling the other. The currency listed before the slash is the “Base Currency”. This [...]
The Foreign Exchange Market is known as the “Forex Market”, “Currency Trading Market” or just “FX”. It is a market where participants buy, sell and exchange currencies. The Forex market involves a trillion dollars worth of transactions everyday. There is no central location; instead money is traded to a network of international dealers and brokers. [...]