Basics Currency What Trading Is
Understand basic forex terminology. the type of currency you are spending or getting rid of, is the base currency. the currency that you are purchasing is called quote currency. in forex trading, you sell one currency to purchase another. the exchange rate tells you how much you have to spend in quote currency to purchase base currency. The basics of currency pairs. trading of currency pairs are conducted in the foreign exchange market, also known as the forex market. it is the largest and most liquid market in the financial. Despite this market’s overwhelming size, when it comes to trading currencies, the concepts are simple. let’s take a look at some of the basic concepts that all forex investors need to understand. The currency market allows the exchange between domestic and foreign funds through currency conversions and is characterized in particular by the currency trading. below is a brief on the basics of currency trading. what is currency trading based on? currency trading wor...