01 / What you'll learnForex is the market where currencies are quoted against other currencies.
Base currency/Quote currency=Pair price
Illustrative example: one step at a time, then check the broker's official contract details. 06 / Explain it simplyWhat is Forex?
Forex is the market where currencies are quoted against other currencies.
07 / Everyday exampleWhen you exchange Korean won for US dollars, you use one currency to receive another. Forex quotes show that relationship as a pair.
08 / MT5 exampleSymbols such as EURUSD show a pair. The broker decides which symbols and contract details are available.
09 / Key takeaways- Currencies are quoted in pairs.
- The first currency is the base currency.
- The second currency is the quote currency.
10 / Common mistakeReading a pair as a single currency instead of a relationship between two currencies.
Mini quizHow are forex currencies normally quoted?
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