1.4

Trading Currency Pairs

What actually takes place when you trade Forex? What does it mean when we talk about "currency pairs"?

The concept of Forex trading can be a little tricky to grasp. Trading stock involves the buying and selling of a piece of a company while Forex trading involves buying a portion of a country’s currency.  The price of one currency in a currency pair is measured against another currency.  It’s like going to the bank and exchanging a dollar for a euro. You are selling your dollar and buying a euro or a part of a euro.
The Euro/US Dollar is a currency pair.

This lesson will go into more detail regarding the currency pairs list.

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