how to read a forex quote?

As a general rule, each currency has a three letters symbol, which is used in Forex
quotes. The first two letters identify the name of the country while the third letter
identifies the name of that country’s currency. For example: AUD (Australian dollars),
JPY (Japanese yen), CHF (swiss francs) and CAD (canadian dollars).
When trading currencies, the trade is always done in pairs and so when you buy one
currency, another currency is simultaneously being sold.
The most commonly traded currency pairs are
• Euro and US Dollar (EUR/USD)
• US Dollar and the Japanese Yen (USD/JPY)
• US Dollar and Swiss franc (USD/CHF)
• British Pound and US Dollar (GBP/USD)

Re: How to Read a Forex Quote?

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Re: How to Read a Forex Quote?

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