This tutorial is about:
Currency Pairs.How to read Forex qoutes(Bid / Ask)Pip.Lot.Leverage.Day Trading \Rollover.
Currency Pairs
Different currencies are priced together in pairs.
The most commonly traded currency pairs are :
· EUR/USD - Euro/Dollar· USD/CHF - Dollar/ Swiss Franc· USD/JPY - Dollar /Yen· GBP/USD - Pound /Dollar· USD/CAD - Dollar/Canadian Dollar
The first currency is called the base currency and the second currency is the qoute or counter currency.A quote figure shows how much the base curreny is worth in the counter currency .
For example if EUR/ USD is quoted 1.023 it means that 1 Euro is worth 1.023 USD
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