All forex transactions include two currencies and traders speculate on the value of a currency pair against another. Trading can be performed in nearly all currencies in the forex market, but a few currencies known as the majors are used most often. Traders can make a profit by speculating
that a currency’s value will rise or fall against another currency.
In the world’s most popularly traded currency pair, the EUR/USD, its price represents how much of the U.S. dollar (quote currency) is needed to buy one unit of the euro (base currency).
Prices displayed on your platform indicate how much one euro is worth in US dollars. The two prices represent the Buy price and the Sell price and the difference between the two prices is called the spread. Once you click Buy or Sell, you are buying or selling the first currency in the pair.
