Online Forex Trading
Forex Currency Trading Pairs - The Starting Point [part 3]
by Paul Bryan
Major base currencies:
Euro - EUR/USD, EUR/GBP, EUR/CHF, EUR/JPY, EUR/CAD British Pound - GBP/USD, GBP/CHF, GBP/JPY, GBP/CAD
Quote Currency
This is the second currency quoted in a Forex currency pair. This is also referred to as the foreign currency, secondary currency or counter currency.
Major quote currencies:
U.S. dollar British pound Euro Japanese yen Swiss franc Canadian dollar
The key to successful trading is selecting one or two pairs of currencies that you wish to trade in. Sure, once you are a seasoned expert you may wish to trade in more pairs but the beginner is advised to stick to just one or two for simplicity.
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