"The way the goods in the foreign exchange market GBPUSD, EURUSD, GBPJPY and others . Who is called currency pair "
Currency pair (currency pair)
currency pair is a currency pair traded currency in the forex business .Mata (currency) is always a pair or one pair for each transaction forex means you buy one currency and simultaneously selling another currency. For example, the rate rate / exchange rate for the pair GBP / USD is 1.8500, which means that 1 pound GBP is $ 1.85.
Cross Rate is a pair (pair) of currencies that do not contain the currency eyes of a country where the currency is exchanged, such as exchange transactions the United States (the official currency is the US dollar). This means that the currency pairs that do not include a USD cross rate of the USD. An example is GBP / JPY, EUR / GBP, etc.
Currency Pair (Pair) comprises two different quotes currencies. Currencies located next left is base currency . For example on the GBP / USD, GBP-called basic Currecy. While on the right, in this case, the USD is quote currency or against the currency.
An example is the quote EUR / USD 1.2500, where the EUR as base Currecy and USD as the quote currency, this means that 1 Euro is worth $ 1.25.
If the quote moves from EUR / USD 1.2500 EUR / USD 1.2510 , the euro strengthened against the US dollar weakened. Vice versa, if the quote moves from EUR / USD 1.2500 to EUR / USD 1.240, the euro weakened and the dollar strengthened
When you buy EUR / USD means that you buy the base currency (EUR) and simultaneously selling the quote currency (USD). If you sell EUR / USD means that you sell the base currency (EUR) and simultaneously buying the quote currency (USD)
Buy EUR / USD . -> Buy EUR and sell USD
Sell EUR / USD -> Sell EUR and Buy USD
next to forex learning materials is Pip and contract size