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Forex Trading Pairs

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The pair usd-eur is not traded for historical reasons. some pairs have nicknames, which are useful to learn for understanding trading discussion. nicknames for forex pairs. the gbp/usd pairing is known by traders as ‘the cable’ at one time an undersea cable connected the trading floors in london and new york to synchronise trading in. For trading purposes, the first currency forex trading pairs listed in the pair is always the directional currency on a forex price chart. if the price is moving up on eur/usd, it means the euro is moving higher relative to the u. s dollar. if the price on the chart is falling, then the euro is declining in value relative to the dollar. Currency pairs of the major economies. major currency pairs are based on a list of popular currencies that are paired with the usd. the basket of major currencies consists of 7 pairs only. these currency pairs account for most of the turnover of forex market. for instance, eurusd pair alone accounts for about 30% of the tr...

Forex Trading Pairs

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Forex trading is the simultaneous buying of one currency and selling another.. currencies are traded through a broker or dealer and are traded in pairs.. currencies are quoted in relation to another forex trading pairs currency.. for example, the euro and the u. s. dollar (eur/usd) or the british pound and the japanese yen (gbp/jpy). Currency pairs of the major economies. major currency pairs are based on a list of popular currencies that are paired with the usd. forex trading pairs the basket of major currencies consists of 7 pairs only. these currency pairs account for most of the turnover of forex market. for instance, eurusd pair alone accounts for about 30% of the trading volume. For trading purposes, the first currency listed in the pair is always the directional currency on a forex price chart. if the price is moving up on eur/usd, it means the euro is moving higher relative to the u. s dollar. if the price on the chart is falling, then the euro is declining in value relative ...