Currency Pairs

Base vs quote currency, majors, minors and exotics.

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Forex Trading Full Course for Beginners

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1. 00:00Currency Pairs. Base vs quote currency, majors, minors and exotics.
2. 00:05Every quote has two currencies: the base (first) and the quote (second).
3. 00:10EUR/USD = 1.0850 means 1 euro costs 1.0850 US dollars.
4. 00:15Buying the pair means buying the base and selling the quote.
5. 00:20Reference table: Group, Examples, Notes.
6. 00:25Note: Beginners should stay on majors: tighter spreads, cleaner technical behaviour and far more available analysis.

Every quote has two currencies: the base (first) and the quote (second). EUR/USD = 1.0850 means 1 euro costs 1.0850 US dollars. Buying the pair means buying the base and selling the quote.