Tag: Base Currency

Tag: Base Currency

Base Currency in Forex Trading

What is the Base Currency in Forex Trading?

The Forex market is very active, with trillions traded every day. It’s key to know about the base currency in trading. For example, USD stands for the U.S. dollar. The base currency is the first one in a pair, like EUR in EUR/USD. It tells us how much of the second currency is needed to […]

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Currency Pair in Forex Trading

What is a Currency Pair in Forex Trading

The EUR/USD is a major player in forex, making up about 23% of trades. The Forex Market handles nearly $7.5 trillion every day. This makes it extremely large and full of opportunities. Now, let’s understand what a currency pair is and its role in Forex Trading. In Forex, a currency pair shows the value of […]

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