Tag: how do currency pairs work

currency pairs

What is Currency Pairs & Trading Concepts?

This is the second chapter of the Beginner Course, we are going to talk about Currency Pairs. In this chapter, you will learn about: What currency pair isCurrency pair groupPrice movementsCurrency conceptsTrading concepts REGISTER DCFX DEMO ACCOUNT What is Currency Pair? The quotation of 2 different currencies, withthe value of one being quoted against theother. Currencies always trade in pairs andtraders buy the stronger currency and sell theweaker currency. ExampleIf Euro is gaining strength against the US dollar,you buy the Euros and sell the US dollars at thesame time. 3 Currency Pair Groups Major Currency PairsExotic Currency PairsCross Currency Pairs Major Currency Pairs The major currency pairs that arecompri…