» Forex Trading Basics: Currency Pairs

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Forex Trading Basics: Currency Pairs

Trading in currency pairsOne of the forex trading basics that is vital to success on the currency market its the understanding that all trading takes place in pairs.

Currency pairs allow you to speculate on how one currency does against one another. It also means that you can go long on one currency while shorting that same currency in another pair.

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This entry was posted on Monday, June 9th, 2008 at 14:48 and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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« Forex Trading Strategy: Dollar/Yen Volatility Drops
AUD/USD - Australian Dollar US Dollar, American Session - 12/03/08 »

Forex Trading Basics: Currency Pairs

Currency trading pairs the basis of forex tradingOne of the first things to realize about forex trading is that it is all done in pairs. Currency trading pairs are the foundation of the FX market. This means that when you think one currency will rise in one of the pairs, you automatically assume the other will fall.

This means that, since every move is made individual in currency trading pairs, you can actually speculate that one currency will be both rising and falling at the same time.

An example is the US dollar in forex trading. You may speculate that euro/dollar will rise, meaning that the dollar will fall against the euro. At the same time, though, you may enter another position favoring the US dollar in forex trading by thinking that dollar/won will rise.

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This entry was posted on Wednesday, March 12th, 2008 at 13:16 and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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« Forex Trading Strategy: US Dollar
AUD/USD - Australian Dollar US Dollar, Asian Session - 25/02/08 »

Forex Trading Basics: Currency Pairs

Currency trading is always done in pairsIn currency trading on the FX market, it is important to realize that all is done in pairs. Forex trading is done always with one currency and another. When one currency rises, the other currency in the pair falls.

This arrangement of currency trading pairs also means that a currency can be both rising and falling at the same time.

For example: GBP/EUR may be falling, meaning that the UK pound is down against the euro. But at the same time, the UK pound may be up against the US dollar in GBP/USD.

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This entry was posted on Monday, February 25th, 2008 at 14:51 and is filed under GFT Forex. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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