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Currency Pair

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Currency Pair
In foreign exchange, two currencies whose values are compared. The first currency is called the base currency and is given a value of 1, while the second is called the quote currency and is expressed as "quote currencies per one base currency." For example, if one compares the British pound to the U.S. dollar and the pound is the base currency, it is written as GBPUSD and expressed as "dollars per one pound."
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The difference between buying and selling price of a currency pair is spread, If the spread on a currency pair in the inter bank market is 2 pips(a pip is the smallest unit of a lot, if the rate of buying rate of a pair is 18241, the last digit '1' is a pip) regardless of any outcome of a trade such as profit or loss the Broker will charge 3 or 4 pips on each roundabout trade.
INTRODUCTION TO FOREX TRADING(CURRENCY TRADING) by cliffordthompson / Advertising, marketing, public relations community
It is really to learn how to trade Forex and these are the five easy steps that you and anyone in the world can follow to learn all you can about the currency market One thing you need to know about the Forex market is what currency pair to trade, and this is really the important part of learning that you all need to get on It is really to learn how to trade Forex and these are the five easy steps that you and anyone in the world can follow to learn all you can about the currency market.
Learn to Trade the Forex in 5 Easy Steps by Alvin Huang / Finance and Investment community
Because, when you become familiar with a currency pair over time you can predict with great accuracy what it going to do when something occurs, such as, an economical report or an important event somewhere in the world.
Find Your Forex Niche & Its Advantage by Ashutosh pratap / Internet and Businesses Online community
 
 
 
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