Thread: Two currencies involved in forex trade.

Two currencies are always involved in a forex trade. One is being bought in exchange for the other. Together, those two currencies are called a currency pair, and are usually represented as two three-letter currency abbreviations. For an example, consider the currency pair EUR/USD. In this example, the first currency is called the base currency and the second US dollar is called the quote currency. To trade with those currencies in forex you need a broker like ECNCAPITAL.COM.

Forex is the largest economic business in the world. Currencies are the main ingredient of this market. Here currencies are sold and bought at their current price. Here two currencies are mostly used in solving several cases. These two currencies are EURUSD. These currencies are also used in investment. It is the most valuable currency which is mostly traded around the world. I have the lowest spread and high leverage with Trade12 broker.