Forex 101: Currency Pairs

We receive a lot of different emails asking some common questions about Forex trading by folks either new to trading altogether or just new to the Forex market. To ensure there is plenty of material to support them in their journey towards successful, consistent trading, we are creating a series of 101-style articles geared for new traders among us.   Today s topic covers one of the most basic building blog of forex:  the currency pair itself.  Sure, there are lots of them.  But what do they mean?  Which ones should you trade?  Are there any easy ones?  Or are they all the same?  Let s find out! What Is a Currency Pair? Currency Pairs: The “pairing” of one currency against another to obtain a market value for either. Example: The price of the Eur/Usd means comparing how many Euros ONE US Dollar can purchase OR vice versa. Eur/Usd= 1.3000 means that ONE Euro = $1.30 USD OR ONE Dollar USD = Approx 0.77 Euros The currency at the beginning of the pair is essentially the curren
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