#TradingPairs101

#TradingPairs101 Foreign currencies or cryptocurrencies, you simply cannot buy or sell "one" single "currency". Instead, you are always trading a pair of currencies. A trading pair is simply two currencies where one is quoted against the other.

Example: when you see the price "EUR/USD", it means you are looking at the price of the euro (the base currency) expressed in US dollars (the quote currency).

Components of the trading pair