💡 Forex Basics #01 - Base vs Quote Currency
Many beginners get confused here.
Take EUR/USD as example:
🔹 EUR (First one) = BASE Currency
🔹 USD (Second one) = QUOTE Currency
The price you see (1.12) is how much QUOTE currency you need to buy 1 unit of BASE currency.
Understanding this is key to calculating lot size and profit.
Are you clear now? Comment below 👇
#BTC #forex #trading #crypto #Binance #education #AbdFX
Many beginners get confused here.
Take EUR/USD as example:
🔹 EUR (First one) = BASE Currency
🔹 USD (Second one) = QUOTE Currency
The price you see (1.12) is how much QUOTE currency you need to buy 1 unit of BASE currency.
Understanding this is key to calculating lot size and profit.
Are you clear now? Comment below 👇
#BTC #forex #trading #crypto #Binance #education #AbdFX