#TradingPairs101
The trading pair.... is simply two currencies traded against each other.
A trading pair always consists of two currencies or assets separated by a slash /
It consists of ....
* Base Currency: the first currency in the pair (on the left).
* Quote Currency: the second currency in the pair (on the right)
Example.....
• Buying the EUR/USD pair
This means you are buying euros and selling dollars.
You expect the euro to strengthen against the dollar, and if this actually happens,
the value of the trade increases and you profit.
• Selling the EUR/USD pair
This means the opposite: selling euros and buying dollars.
Here you expect the euro to weaken against the dollar, and you profit from the difference if your prediction comes true.
