224630 Resource 119235 120646 120646 1232985886264 1232986094646 Controlled Forex Training Basics: Currency Pairs

Currency trading takes place in pairs

<font size="2"><span style="font-family: verdana,arial,helvetica,sans-serif;"><br />When you <span style="font-weight: bold;">start forex trading</span>, it is very important to understand the basic mechanics of how the whole process works. One of the most important things to understand about <span style="font-weight: bold;">currency trading</span> is that it takes place in pairs.</span><br style="font-family: verdana,arial,helvetica,sans-serif;" /><br style="font-family: verdana,arial,helvetica,sans-serif;" /><span style="font-weight: bold; font-family: verdana,arial,helvetica,sans-serif;">Reading a quote on a currency pair</span><br style="font-family: verdana,arial,helvetica,sans-serif;" /><br style="font-family: verdana,arial,helvetica,sans-serif;" /><span style="font-family: verdana,arial,helvetica,sans-serif;">When<span style="font-weight: bold;"> reading a forex trading price quote</span>, realize that the currency listed first in the pair is what is being represented. For example, in the <span style="font-weight: bold;">EUR/USD</span> pair, if the quote is 1.3385, it means that the euro is worth close to $1.34. If the <span style="font-weight: bold;">USD/JPY</span> currency pair is at 89.45, it means that $1 will buy nearly 89 and a half yen. </span><br style="font-family: verdana,arial,helvetica,sans-serif;" /><br style="font-family: verdana,arial,helvetica,sans-serif;" /><span style="font-family: verdana,arial,helvetica,sans-serif;">If a pair is said to be gaining, it means that the first currency listed in the pair is gaining over the second pair. In <span style="font-weight: bold;">currency pairs</span>, one currency is always gaining in relation to the other.</span><br style="font-family: verdana,arial,helvetica,sans-serif;" /><br style="font-family: verdana,arial,helvetica,sans-serif;" /><span style="font-weight: bold; font-family: verdana,arial,helvetica,sans-serif;">Currencies: Gaining and losing at the same time</span><br style="font-family: verdana,arial,helvetica,sans-serif;" /><br style="font-family: verdana,arial,helvetica,sans-serif;" /><span style="font-family: verdana,arial,helvetica,sans-serif;">Because each currency pair represents its own trade, it is important to note that a single currency can be gaining and losing at the same time. Each <span style="font-weight: bold;">currency pair represents a different set of circumstances</span>. The EUR/USD can be losing ground while EUR/GBP is gaining. The euro can be losing value against the U.S. dollar at the same time that it is gaining value against the Great Britain pound. </span><br style="font-family: verdana,arial,helvetica,sans-serif;" /><br style="font-family: verdana,arial,helvetica,sans-serif;" /><span style="font-family: verdana,arial,helvetica,sans-serif;">This is important to remember, since it means that you will have to understand the merits of each different currency pair, and <span style="font-weight: bold;">understand how the currencies interact with each other</span>.</span></font><br /><br /> 9 application/xml false currencies currency pairs currency trading EUR/USD forex forex basics forex trading forex training USD/JPY Forex training with GFT http://www.gftforex.com/land/index.asp?aid=446 <script type="text/javascript" src="http://tools.tipd.com/evbs.js"></script> <script type="text/javascript"> evb_url ='http://forex.gftforex.com/public/item/224630'; evb_big(evb_url); </script> <!--SocioFluid--><script type="text/javascript" src="http://www.sociofluid.com/sf.php?widget=124320-000103040b0d0e1011"></script><noscript><a href="http://www.sociofluid.com/">SocioFluid</a></noscript><!--SocioFluid--> Mozilla/5.0 (Macintosh; U; Intel Mac OS X 10.5; en-US; rv:1.9.0.5) Gecko/2008120121 Firefox/3.0.5 127.0.0.1 127.0.0.1 mmarquit 66.182.66.2 false true false false true 119235 blog blogsite/GFTForex/web