Category Archives: what is forex signals

Currency Pair

Currency Pair A currency pair is a quotation of two different currencies, where one is quoted against the other. The first listed currency within a currency pair is called the base, while the second currency that is the benchmark is called the quote.   Understanding Currency Pairs Trading currency pairs are often conducted in the¬†foreign…

Read More

Exchange Rate

Exchange Rate Typically, an exchange rate uses an acronym for the national currency it represents. For example, the acronym USD represents the U.S. dollar, while EUR represents the euro. To quote the currency pair for the dollar and the euro, it would be EUR/USD. In the case of the Japanese yen, it’s USD/JPY, or dollar…

Read More