As  you know, The Forex Currency Market is based on the buying and selling of currencies of certain countries. It is based on the exchange rate; This means the purchase of one currency in exchange for the sale of another one, simultaneously. For that reason the currency market is always traded in pairs. Before trading in the foreign exchange market, it is important that you start to understand the basic terminology of the market and know how to interpret correctly the currency quotations. What are pairs? The Forex market trades by buying and selling currencies  from different countries. A pair is the combination of two different currencies that are used to take positions on the Forex market. Usually the first currency is known as the base currency, as this is not moving and the second currency is called counter currency since it will comply with the pair. The base currency [...]

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