Forex
| EUR/USD |
AUD/CAD |
EUR/HUF |
| USD/JPY |
AUD/CHF |
EUR/PLN |
| GBP/USD |
AUD/JPY |
EUR/TRY |
| USD/CHF |
AUD/NZD |
USD/CNH |
| AUD/USD |
CAD/CHF |
USD/HKD |
| NZD/USD |
CAD/JPY |
USD/SGD |
| USD/CAD |
CHF/JPY |
USD/CZK |
|
EUR/AUD |
USD/DKK |
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EUR/CAD |
USD/HUF |
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EUR/CHF |
USD/MXN |
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EUR/GBP |
USD/NOK |
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EUR/JPY |
USD/PLN |
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EUR/NZD |
USD/RUB |
|
GBP/AUD |
USD/TRY |
|
GBP/CAD |
USD/SEK |
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GBP/CHF |
USD/ZAR |
|
GBP/JPY |
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GBP/NZD |
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NZD/CAD |
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NZD/CHF |
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NZD/JPY |
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What is FX Trading?
The foreign exchange market revolves around the trading of currency pairs.
A currency pair, for instance the EUR/USD, tracks the relative value of one currency against another.
The base currency, in this case the Euro, is always on the left of the pair. The counter currency, here it is the US Dollar, is on the right.
The EUR/USD represents the cost of buying 1 Euro in dollars.
If the EUR/USD rises in value it means the Euro is becoming stronger in relation to the dollar.
If it falls we know it is weakening in relation to the dollar.
When we trade on the foreign exchange market we are speculating as to whether events will cause one currency to weaken or strengthen against its pair.
If we believe the Euro will get stronger against the dollar, we buy the EUR/USD.
If we think the Euro will weaken, we sell the EUR/USD.