Trade pairs currencies
One of the most basic concepts of forex trading are forex currency pairs. A currency pair is the quotation of the relative value of a currency unit against the unit of When you trade currency pairs, you will encounter six major currency pairs in your daily trades. These include the GBP/USD, USD/CHF, USD/JPY, USD/CAD, AUD Knowing how to read a forex quote is an essential skill when trading in the It all starts with a currency pair, which tells you the currencies involved in the trade.