Forex Information - Top Four Traits Of A Successful Forex Market Trader (Part 4)

Currency Pair- All currencies must be sold in pairs. There are two currency’s that make up an exchange rate, so when one currency is bought, the other is simultaneously sold and vise versa.

Base Currency- This is the first currency in a pair.

Counter Currency- This is the second currency used in a pair. The counter currency can also be known as the “terms” currency.