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Forex Basic - The currency pair

  

 

To put it very simple, the forex market or foreign currency exchange is involve in the exchange of one country currency to another based on the certain exchange rate at certain point in time. Traders make profit or losses based on the difference in both currencies pair they sold or bought.

The currency pairs

The are many currencies pairs being traded in the market each day, the traders are usually trade those that are high in liquidity. The most common currency pair which the traders trade are EUR / USD , USD/JPY , USD/CHF , GBP/USD , AUD/USD , NZD/USD , USD/CAD , EUR/JPY , GBP/JPY. Check our previous article for detail currency symbols

 

 
 
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