orex Trading Terminology : Currency Pairs

orex Trading Terminology : Currency Pairs

**Forex Trading Terminology: Currency Pairs (Forex Trading Ki Mahawarayen: Currency Pairs)** **1. Currency Pair (Currency Pair):** Forex market mein currencies pairs ki trading hoti hai, jisme do currencies ek saath trade kiye jaate hain. Har currency pair ek base currency aur ek quote currency se milta hai. For example, in the EUR/USD pair, the Euro (EUR) is the base currency and the US Dollar (USD) is the quote currency.**2. Base Currency (Base Currency):** Currency pair mein pehli currency ko base currency kehte hain. Is currency ki value ko dusri currency ke terms mein measure kiya jaata hai. For example, in the USD/JPY pair, the US Dollar (USD) is the base currency.**3. Quote Currency (Quote Currency):** Currency pair mein doosri currency ko quote currency kehte hain. Is currency ke terms mein base currency ki value show hoti hai. For example, in the GBP/USD pair, the US Dollar (USD) is the quote currency.**4. Bid Price (Bid Price):** Bid price woh price hai jis par traders ready hain ek currency pair ko khareedne ke liye. Yeh price hamesha lower hota hai.**5. Ask Price (Ask Price):** Ask price woh price hai jis par traders ready hain ek currency pair ko bechne ke liye. Yeh price hamesha higher hota hai.**6. Spread (Spread):** Spread bid aur ask price ke beech ka difference hota hai. Spread brokers ki commission aur market liquidity se juda hota hai.**7. Pip (Pip):** Pip ek unit of price movement hai jo currency pairs ki mein use hoti hai. Most currency pairs mein 1 pip 0.0001 hota hai. Yeh price ka chota sa movement hota hai.**8. Major Pairs (Major Pairs):** Woh currency pairs jo sabse zyada trade kiye jaate hain aur market ke liquidity mein important role play karte hain, unhe major pairs kehte hain. Examples include EUR/USD, USD/JPY, GBP/USD, and USD/CHF.**9. Minor Pairs (Minor Pairs):** Currency pairs jo major pairs mein se nahi hote, unhe minor pairs ya cross currency pairs kehte hain. In pairs mein major currencies hote hain lekin USD nahi hota. For example, EUR/GBP, GBP/JPY.**10. Exotic Pairs (Exotic Pairs):** Yeh currency pairs less common aur often emerging market currencies se bane hote hain. Exotic pairs mein ek major currency aur ek currency jo economically weaker hoti hai hoti hai. For example, USD/SGD, EUR/TRY.**11. Long Position (Long Position):** Long position mein trader ek currency pair ko khareedta hai, hoping that its value will increase over time.**12. Short Position (Short Position):** Short position mein trader ek currency pair ko bechta hai, expecting its value to decrease.**13. Cross Rate (Cross Rate):** Cross rate ek currency pair ka rate hota hai jisme USD nahi hota. Iska calculation ek third currency ke terms mein hota hai.**14. Currency Symbol (Currency Symbol):** Har currency ka unique symbol hota hai jo international currency codes se related hota hai. For example, USD for US Dollar, EUR for Euro.**15. Currency Code (Currency Code):** Har currency ka unique three-letter code hota hai, jo ISO 4217 standards ke according hota hai. For example, USD for US Dollar, EUR for Euro.Yeh kuch important Forex trading terms hain jo currency pairs se judi hoti hain. In terms ko samajh kar traders currency market mein better understanding aur informed decisions le sakte hain.

Forex trading mein "currency pairs" ek important concept hai. Forex market mein currencies ko pairs mein trade kiya jata hai. Har currency pair ek base currency aur quote currency se define hota hai. Base currency wo currency hoti hai jiske value ko hum evaluate kar rahe hote hain. Quote currency us currency ko represent karti hai jis mein base currency ki value measure hoti hai. Isi combination se currency pair ka naam banta hai. Yeh pair kis tarah se move hota hai, woh base currency ki movement ke sath hota hai. Kuch common currency pairs hain: EUR/USD: Euro/US Dollar pair, jismein Euro base currency hai aur US Dollar quote currency hai. USD/JPY: US Dollar/Japanese Yen pair, jismein US Dollar base currency hai aur Japanese Yen quote currency hai. GBP/USD: British Pound/US Dollar pair, jismein British Pound base currency hai aur US Dollar quote currency hai. AUD/JPY: Australian Dollar/Japanese Yen pair, jismein Australian Dollar base currency hai aur Japanese Yen quote currency hai. USD/CHF: US Dollar/Swiss Franc pair, jismein US Dollar base currency hai aur Swiss Franc quote currency hai. Currency pairs ki values har ek dusre ke relative hote hain, yani ki ek currency ka value doosre currency ke against measure hota hai. Ismein pehli currency ko "base currency" kehte hain aur dusri currency ko "quote currency" ya "counter currency" kehte hain. Currency pairs ka price "exchange rate" ke roop mein diya jata hai. Exchange rate batata hai ki kitni units of quote currency base currency ke liye exchange hoti hain. For example, agar EUR/USD exchange rate 1.1500 hai, toh iska matlab hai ki 1 Euro ki value 1.15 US Dollars hai. Forex trading mein traders currency pairs ko khareedte hain ya bechte hain, with the hope of profiting from the changes in exchange rates. Currency pairs ke price movements ka analysis karke traders apne trading decisions lete hain. Ismein technical analysis, fundamental analysis, aur market trends ka study hota hai.