Base & Quote.

[Gee Dee]

A currency pair is the citation and evaluating the structure of the currencies exchanged the forex market: the estimation of a currency is dictated by its correlation with another currency. The main currency of a currency pair is known as the "base currency", and the second currency is known as the "quote currency". The currency pair demonstrates the amount of the quote currency is expected to buy one unit of the base currency.

[Vaabum]

I think that it is not necessary to use the same quota all the time - it is more important to be able to work universally.

[FXOpen Trader]

On 7/15/2022 at 9:05 PM, Vaabum said:

I think that it is not necessary to use the same quota all the time - it is more important to be able to work universally.

We have to lean doing our trades with the Lower Spreads.

[Vaabum]

On 7/25/2022 at 12:37 AM, FXOpen Trader said:

We have to lean doing our trades with the Lower Spreads.

This is indeed an extremely important aspect for a trader, it is hard to disagree here.

[FXOpen Trader]

On 7/28/2022 at 6:57 PM, Vaabum said:

This is indeed an extremely important aspect for a trader, it is hard to disagree here.

Traders will have to understand the importance of trading with proper Money Management skills.

[sacolo9459]

I found this topic about currency pairs fascinating. It explains how currencies are traded in pairs, with one being the base and the other the quote. This way, the exchange rate shows how much of the case study writing service quote currency you need to buy one unit of the base currency. What I find particularly interesting is the idea that a currency's value is connected to another currency. It makes me wonder how these correlations are determined and how they impact international trade and investment decisions.

[boltushkin]

Base currency comes first, quote currency is the second, at least this is how it works in my HFM platform. Other brokers can make it different.

[bigxy]

I guess every brokers follows the same pattern in my opinion like EURUSD, XAUUSD, GBPUSD etc all are the same majors pairs available with every broker.

[boltushkin]

On 9/15/2024 at 4:39 PM, bigxy said:

I guess every brokers follows the same pattern in my opinion like EURUSD, XAUUSD, GBPUSD etc all are the same majors pairs available with every broker.

Yeah, when I first opened HFM platform these pairs stayed at the top. I clearly remember this moment lol

[bigxy]

Cool. The gold however breaking all highs and making new ones let see what its gonna do in the long run.

[boltushkin]

On 9/23/2024 at 6:26 PM, bigxy said:

Cool. The gold however breaking all highs and making new ones let see what its gonna do in the long run.

Great suggestion, I think Gold will soon pullback a little bit before it will continue to rise, so I keep short-term bearish position with HFM

[bigxy]

I am also waiting for the correction before i can make another long but the move is still crazy in my opinion.

[boltushkin]

Gold has finally pulled back to $2,500 per troy ounce. This is a good technical level where buyers are likely to appear, at least for a short time, potentially driving the price up by $50–$100. So I think good time to buy with HFM