Home/Tag: Currency pairs

RMB vs yuan: understanding the difference

2020-06-03T20:26:32+00:00By |Categories: Forex Education|Tags: |

The national currency implies the money issued by a state central bank or any other state monetary institution. The Chinese currency is becoming popular and a more powerful international currency day by day. The most debatable issue in the international economy is due to the policy of artificial undervaluation of Chinese money against the United [...]

Indirect quotation and direct quotation – Forex

2020-06-03T23:04:07+00:00By |Categories: Forex Education|Tags: , |

What is an indirect quote? Is the price of a currency pair expressed as amount of foreign currency per unit of domestic currency. In other words, when an indirect quote is given, the exchange rate is expressed relative to a fixed  amount of the national currency (1 unit),  while the amount of foreign currency is variable. For example, if [...]

Base Currency and Quote Currency

2020-06-03T21:25:19+00:00By |Categories: Forex Education|Tags: |

In this article we will define two basic concepts for trading in Forex: the base currency and the quote currency. What is the base currency? The base currency is the first currency listed in a currency pair traded in the Forex market. Sometimes you can also see this term as primary currency (although this term is not very suitable for its [...]

Indirect quotation and direct quotation in Forex

2020-06-05T05:33:12+00:00By |Categories: Forex Education, Trading in general|Tags: , |

What is an indirect quote? Is the price of a currency pair expressed as amount of foreign currency per unit of domestic currency. In other words, when an indirect quote is given, the exchange rate is expressed relative to a fixed  amount of the national currency (1 unit),  while the amount of foreign currency is variable. For example, if [...]