A currency never has a price on its own; it only has a price against another currency. That is why forex is quoted in pairs. The pair tells you how much of the second currency it takes to buy one unit of the first.
Majors pair the most traded currencies and tend to have the tightest spreads and deepest liquidity. Minors leave out that dominant reserve currency but still pair large economies.
Exotics pair a major with a smaller or emerging market currency. They can move sharply and usually carry wider spreads, so they suit experienced traders.
The first currency is the base and the second is the quote. A rising pair means the base is strengthening against the quote, not that either is doing well in isolation.
Thinking in terms of relative strength between two economies makes news and data easier to interpret.
La mayoría de las cuentas de principiantes no mueren por un mal mercado. Mueren por posiciones sobredimensionadas, operaciones de venganza y falta de plan. Esta es la anatomía de una cuenta vaciada.
7 min de lectura →Primeros PasosDía a día, desde abrir la cuenta y reclamar los $100 gratis hasta ver operaciones en vivo y activar tu primera copia.
5 min de lectura →Primeros PasosEl apalancamiento multiplica por igual el poder de compra, los beneficios y las pérdidas. Respetarlo marca la diferencia entre una herramienta y una trampa.
6 min de lectura →