base currency

Which Forex Currency Pair Do I Have To Choose When Trading On The Forex Market?

Choosing the right Forex currency pair is one of the most important decisions when you are mapping your future Forex trading strategy. Although you can switch from one Forex currency pair to another one during the test phase of your trading strategy, it should be common sense of a novice Forex trader to stick with one currency pair when trading ...

Base Currency

The base currency is the first currency in any currency pair. It shows how much the base currency is worth as measured against the second currency. In the Forex markets, the USD is normally considered the base currency for quotes, meaning that quotes are expressed as a unit of 1 USD per the other currency quoted in the Forex currency ...