How To Read Forex Quotations 2022 Quick And Easy Examples

written by July 6, 2022

Source: tokenist.com

How to Read Forex Quotations (2022): Quick and Easy Examples.

Source: www.thebalance.com

Forex Quotes Deciphered.

Source: www.forbes.com

What Is Forex Trading? – Forbes Advisor.

Forex Tutorial: How to Read a Currency Quote 🙌

How to read a currency quote http://www.financial-spread-betting.com/forex/forex-trading.html PLEASE LIKE AND SHARE THIS VIDEO SO WE CAN DO MORE! Let's look at some examples;
EUR/USD - 1.32 - the currency on the left hand side is called the base currency. When trading a currency you are always trading one currency against another i.e. you trade them in pairs in relation to each other. For one EUR how many US Dollars do I get - and the answer to that is 1.32
USD/JPY - 102.5 For 1 USD you get back 102.5 Japanese Yen.
GBP/USD - 1.58 For 1 Pound Sterling I get back 1.58 US $

EUR/USD 1.32 - 1.33
USD/JPY - 102.5 - 102.6
GBP/USD - 1.58 - 1.59

Let's say we go long GBP/USD - what we are doing is going long GBP, short USD i.e. buying Pound and selling Dollar. When we see a broker with a currency quote we will see two quotes say GBP/USD: 1.58 - 1.59. If we want to buy this we would need to buy at the ask of 1.59