trading for dummies
CROSS CURRENCY PAIR: A pair of currencies traded in forex that does not include the U. S. dollar. One foreign currency is traded for another without having to first exchange the currencies into American dollars. CURRENCY PAIR: The quotation and pricing structure of the currencies traded in the forex market: the value of a currency is determined by its comparison to another currency. The first currency of a currency pair is called the "base currency", and the second currency is called the "quote currency". The currency pair shows how much of the quote currency is needed to purchase one unit of the base currency. QUOTE CURRENCY: The second currency quoted in a currency pair in forex. In a direct quote, the quote currency is the foreign currency. In an indirect quote, the quote currency is the domestic currency. This is also known as the "secondary currency" or "counter currency".
exchange rates forex
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foreign currency exchange rate chart
Products are traded in currency pairs, with each value providing a direct representation of one nation’s money against that of another.
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trading for dummies