Currency Pairs, Not Currencies

Currency Pairs, Not Currencies
Remember the Forex market consists of currency pairs, with one currency being quoted relative to another. The value of a currency is therefore determined by its relationship to the currency against which it is being quoted. Simply understanding and being aware of one currency is of little use when trying to trade a pair. You need to remember that a currency pair consists of two currencies and two economies.
Remember the Forex market consists of currency pairs, with one currency being quoted relative to another. The value of a currency is therefore determined by its relationship to the currency against which it is being quoted. Simply understanding and being aware of one currency is of little use when trying to trade a pair. You need to remember that a currency pair consists of two currencies and two economies.