Hi
I am having trouble using some of the babypips calculators, a couple of the calculators ask for the price for USD/JPY ?
Does this mean type in a exchange rate? Would anyone know how i find out the exchange rate of a currency pair?
Thanks
[B]The exchange rate of a currency pair is what we trade — it’s what we watch — it’s what we talk about [/B]
on this forum all day long.
The exchange rate of a currency pair is the price of the base currency in units of cross-currency.
If the current price of the USD/JPY is 82.25, this means that $1 = ¥82.25.
Apparently, you have jumped into the [B]Tools[/B] on this website, without having studied the [B]School[/B] first. Big mistake.
Start at the beginning, with the first lesson in the [B]School[/B].
And go through the entire [B]School[/B] — more than once, if you need to.
Also, it’s apparent that you don’t have a forex demo account. (If you did, you would know where to find the prices of about 20 different currency pairs.
Demo accounts are free, so get yourself one. Then you can follow your [B]School[/B] lessons using real-time prices and charts.