#TradingPairs101
The currency pair.... is simply two currencies traded against each other.
A currency pair always consists of two currencies or assets separated, any currency pair consists of two things 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 it does happen
the value of the trade increases and you profit.
• Selling the EUR/USD pair
This means the opposite: you sell euros and buy dollars.
Here you expect the euro to weaken against the dollar, and you profit from the difference if your expectation is realized
