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We mentioned above that currencies are always traded in pairs; this is because when you buy one you’re essentially selling the other and vise versa.
So how do you read an FX quote?
E.g. EUR/USD = 1.1200
This means that 1 € = 1.12 $
EUR; in this quote EUR is known as the base currency.
USD; in this quote USD is known as the counter or quote currency.
This quote is also referred to as a direct quote which is where US Dollar is the counter or quote currency
E.g. USD/JPY = 125.00
This means 1 $ = 125 ¥
USD; in this quote USD is known as the base currency.
JPY; in this quote JPY is known as the counter or quote currency.
This quote is also referred to as an indirect quote which is where US Dollar is the base currency
以行业低点差和闪电般的执行速度交易外汇、指数、贵金属等。