To start trading forex, you’ll need to get to know a few key concepts and terms. Let’s take a look at each in turn.
When trading currencies, you are trading currency pairs. That means when you buy one currency, you do so by selling another. And when you sell one currency, you do so by buying another.
When you buy EUR/USD, for example, you're buying the euro while selling the US dollar.
The two currencies in a pair are known as the base and the quote.