Forex101 Know what you are buying or selling

Beginner Questions
1

Understanding buying and selling basics…When you buy you are actually buying the base for example USD/EUR if I wanted to buy the dollar I would select buy and if I wanted to sell the dollar I would select sell because the first one is the base and second one is the quote correct?

2

, a currency pair has two sides, base and quote. When you are buying one your are also selling the other. This is what makes the bases for strength and weakness analysis.

BP was a good section on currency pairs in the School of Pipsology.

2 Likes
3

Here you go, found it for you @Coocheeboy:

@midwest was this the one you’re referring to?

4

Nah… thanks

5

I was only making a statement.lol

6

A statement posed as a question well that’s confusing lol