In forex, all currencies are quoted in pairs.
Currencies are always traded in
pairs, thus if you buy one currency you
may automatically be selling another.
There
are two parts to a forex,quote.
The
first quote is the bid and the second quote is the ask.
The
bid price is lower price and the ask price is higher.
Major
Currency Pairs
The
major currency pairs all contain the US dollar.
Some
major currency pairs are given:
AUD/USD, EUR/USD, GBP/USD, USD/CAD, USD/JPY USD/CHF
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