What is Currency pair in Forex Trading?

Assalamualaikum aj is thread me apko me Pakistan forex trading ke ak bhot he important topic Currency pair ki importance ke bare me btao ga or me umeed
Karta ho ke jo information me apse share karo ga wo apke knowledge or experience me zaror izafa kare ge.

What is Currency pair?
currency ka jora do mukhtalif krnsyon ka quotation hota hai, jis mein aik currency ki qader doosri ke muqablay mein batayi jati hai. currency ke jore ki pehli darj currency ko bunyadi currency kaha jata hai, aur doosri currency ko coat currency kaha jata hai. currency ke jore aik currency ki qader ka doosri currency se mawazna karte hain — bunyadi currency ( ya pehli ) ba muqabla doosri ya coat currency. yeh batata hai ke bunyadi currency ki aik unit kharidne ke liye kitni coat currency ki zaroorat hai. krnsyon ki shanakht aik iso currency code, ya teen harfi huroof tahajji ke code se hoti hai jis se woh bain al aqwami market mein wabasta hain. lehaza, Amrici dollar ke liye, iso code usd hoga .

Key Takeaway
currency jora fx marketon mein tijarat ki jane wali do mukhtalif krnsyon ke liye sharah mubadla ki qeemat ka hawala hai. jab currency ke jore ke liye order diya jata hai, to pehli fehrist shuda currency ya bunyadi currency kharidi jati hai jab ke currency pear ya coat currency mein doosri darj currency farokht ki jati hai. eur / usd currency jora duniya mein sab se ziyada maya currency ka jora samjha jata hai. usd / jpy duniya ka dosra maqbool tareen currency jora hai .

Understanding
currency ke joron ki tijarat ghair mulki currency market mein ki jati hai, jisay forex market bhi kaha jata hai. yeh maliyati duniya ki sab se barri aur sab se ziyada maya market hai. yeh market krnsyon ki khareed, farokht, tabadlah, aur qiyaas araiyo ki ijazat deti hai. yeh bain al aqwami tijarat aur sarmaya kaari ke liye krnsyon ki tabdeeli ko bhi qabil banata hai. forex market din mein 24 ghantay khuli rehti hai, haftay ke paanch din ( Bashmole ziyada tar tatilat ), aur tijarti hajam ki aik barri miqdaar dekhatii hai. tamam forex tridz mein back waqt aik currency ki khareed aur doosri currency ki farokht shaamil hoti hai, lekin currency jora khud aik wahid unit ke tor par socha jaye - aik aisa aala jisay khareeda ya baicha jata hai. jab aap forex brokr se currency ka jora kharedtay hain, to aap bunyadi currency kharedtay hain aur coat currency farokht karte hain. is ke bar aks, jab aap currency ka jora baichtay hain, to aap bunyadi currency baichtay hain aur coat currency wusool karte hain .

Re: What is Currency pair in Forex Trading?

In forex trading, a currency pair refers to the two currencies that are being traded against each other in a forex trade. Each currency pair is identified by a three-letter code, which represents the two currencies involved in the trade. For example, the currency pair EUR/USD represents the euro (EUR) and the US dollar (USD) being traded against each other.
When trading forex, traders buy one currency in exchange for selling another currency, with the exchange rate between the two currencies determining the value of the trade. Currency pairs are always quoted in two prices, the bid price (the price at which traders can sell the currency pair) and the ask price (the price at which traders can buy the currency pair). The difference between the bid and ask prices is known as the spread and represents the cost of the trade.
Currency pairs are categorized into major, minor, and exotic pairs based on their liquidity and trading volume. Major currency pairs include the US dollar and the currencies of other major economies such as the euro, Japanese yen, British pound, Swiss franc, Canadian dollar, and Australian dollar. Minor currency pairs are less liquid and include currencies from smaller economies. Exotic currency pairs involve a major currency paired with a currency from an emerging market or smaller economy.
Understanding currency pairs is essential for forex trading as traders must analyze and interpret the relationship between the two currencies in order to make profitable trading decisions.