May 2012
Beginner
793 pages
20h 29m
English
book
Trading Commodities, Commodity Options and Currencies (Collection)
by Paul Brittain Carley Garner
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2. Making “Cents” of Currency Pairs
In FX, a currency pair is composed of two elements known as a base currency and a quote currency. The base currency is listed first and the quote currency second, with a hyphen or backslash separating the two. Given this explanation, it isn’t difficult to understand why some refer to the base currency as the “primary currency” and the quote currency as the “secondary currency.” As mentioned in Chapter 1, “What Is FOREX?,” FX currency pairs are most often traded in 100,000 or 10,000 units of the base currency, but some firms offer increments of 1,000. Because size is relatively standard, the FX community often refers to the various contract sizes as a full-sized contract (standard lot), a mini contract, and ...
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I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.