What is currency pairs in forex?

[Gyan Dev]

The buying of one currency is matched by the selling of another in pairs during foreign exchange (forex) trading. The base currency is the first of the two currencies in a pair, and the quote currency is the second. It is a method of evaluating the worth of two different currencies, i.e., the base currency and the quote currency. 

[Nilde Lucchese]

Forex is a market for trading currencies, commodities and synthetic indices trading. Trading for long-term requires patience, struggling and good market analysis and many of us avoid long-term trading just for this reason. FXOpulence is a perfect trading broker for all types of trading approaches including scalping, hedging and long-term trading.

[maspluto]

Forex trading is an immensely popular form of trade. I've been involved in forex for quite some time now, having joined Tickmill as my broker. Through frequent learning and practice on my demo account, I've gained a broad understanding, knowledge, and insight into trading.
 

[beniciea]

Traders utilizing FBS Brokers may face different challenges, often termed as fbs withdrawal problems, throughout their trading endeavors. In addressing these problems and enhancing the overall trading experience, FBS Broker has implemented various measures. They furnish responsive customer support to promptly assist traders with technical and login challenges. The company ensures transparency by providing regular updates on platform maintenance and potential outages to keep traders well-informed. FBS Broker continually strives to enhance trade execution speed, aiming to reduce delays and enhance overall performance.

[uncle gober]

The selection of a broker should be done carefully, as the broker serves as a bridge for traders to engage in forex trading. That's why I chose to join Tickmill as my broker, allowing me to trade forex comfortably and securely.
 

[Fin_Trader]

I trade currency pairs that have minimal spreads and average volatility. It is more profitable to trade such pairs and you can earn more. In this case, stop losses will be very small, unlike highly volatile pairs.

[maspluto]

Every broker has different spreads, that's why choosing a broker that suits our own trading style is important. This is done so that traders can trade forex comfortably and safely with Tickmill broker in the future.

[Fin_Trader]

To trade successfully, I think you need to study several currency pairs well and trade them, and not try to trade everything. After all, different pairs have different volatility, different spread sizes and, what is very important, different fundamental conditions for their movement. Therefore, it is better to trade with quality rather than try to make money with a large number of transactions.

[maspluto]

For now, I'm still delving into what's called technical and fundamental analysis. Both of these factors are very important. So, I keep developing myself so that I can trade well on Tickmill in the future.

[Hanan Öberg]

Currency pairs in forex trading refer to the quotation of two different currencies, where one currency is traded for another. Each pair has a base currency and a quote currency, with exchange rates indicating how much of the quote currency is needed to purchase one unit of the base currency. LQDFX broker offers more than 70 pairs including fiats, crypto, stocks, commodities and indices.

[uncle gober]

The selection of a broker should be considered carefully, as brokers act as a bridge for traders to engage in forex trading. That's why I chose to join Tickmill as my broker, so that I can execute trades comfortably and securely.
 

[Lopis]

Having traded forex for several years, I recently started learning about automated strategies. FBS turned out to be a great choice thanks to its advanced MetaTrader platform. With metatrader 5, I can code and test my Expert Advisors (EAs) before deploying them. In addition, FBS provides a VPS service that ensures smooth and uninterrupted operation of my trading operations 24/7. For those interested in automation, these are worth a look.

[alexbrown]

Hello! I ran into a nasty black screen problem on FBS this week. 

Edited July 24, 2024 by alexbrown

[Hanan Öberg]

In forex trading, currencies are traded in pairs, where the base currency is the first listed, and the quote currency is the second. The exchange rate shows how much of the quote currency is needed to purchase one unit of the base currency. This system allows traders to evaluate and speculate on the relative value of two currencies in the market. LQDFX broker allows traders with more than 70 trading instruments to be traded at narrow trading spread.

[uncle gober]

The demo account facility is the right choice for learning, I myself use a demo account, and besides my own demo account I also take advantage of education from the Tickmill broker, this is very useful for increasing knowledge and understanding of the forex market, and in a real account I can be more prepared in trading.

[maspluto]

Before going live, I spent weeks using Tickmill’s demo account to test different strategies. It’s realistic and easy to use — perfect for beginners who want to learn without risking real money.

[Newman4566]

Correct! Forex trading always involves currency pairs (e.g., EUR/USD). The base currency is what you buy/sell, while the quote currency shows its value. For example, if EUR/USD = 1.20, 1 EUR = 1.20 USD. Understanding pairs is key to forex valuation. 

[tradesprint]

12 hours ago, maspluto said:

Before going live, I spent weeks using Tickmill’s demo account to test different strategies. It’s realistic and easy to use — perfect for beginners who want to learn without risking real money.

I still spend time on the demo when not trading the real markets just to ensure that the strategy is sync with the markets.

[maspluto]

The forex market is full of ups and downs, but with discipline, volatility becomes a chance—not a threat. Tickmill helps me manage risk and stay calm during market swings, allowing me to make clear, informed decisions.

[Newman4566]

Correct! Forex trading always involves currency pairs (e.g., EUR/USD), where you buy one and sell the other. The base currency (first) is valued against the quote currency (second). For example, if EUR/USD = 1.20, 1 Euro = 1.20 USD. This pairing determines exchange rates and trade profitability.