Read A Definite Guide About Forex Currency Pairs.

Before registering to get an account, it's important to know the basics of forex trading from currency pairs, etc.
The currency pair compares the value of two currencies through the numerator / denominator relationship, with the base currency above and the currency quoted at the bottom. In the EUR / USD currency pair, the most popular currency trading instrument in the world, EUR is the base currency and USD is the quote currency.
The EUR / USD quote shows a ratio that is roughly the same as what you will pay if you visit Paris and need to exchange dollars with euros. USD is equal to $ 1.00 in this calculation, so the quote "EUR / USD 1.23000" means that the euro is trading 23% more than the US dollar.
Each proportion is quoted in two to five decimal places and also comes in a reverse version, which creates a new currency pair that moves in the opposite direction. To follow our example, EUR / USD measures the value of the euro against the US dollar, while USD / EUR measures the value of the US dollar against the euro. Thus:
  • ​If EUR and USD = 1.25000 / 1.00 = 1.25000
  • ​Then USD and EUR will = 1.00 / 1.25000 = 0.80000
Historically, traders in several countries took long and short positions with their local currency at the bottom of the quote (quote currency), but that changed after Forex's popularity surged at the beginning of this decade. Now, most participants around the world exchange currency pairs with the highest volume. The most popular versions also tend to offer.....
Written By TopAsiaFX
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http://topasiafx.over-blog.com/preview/bc4ae9c96cbcc942224b7ebad74cec9a5a10e1fa

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