All Trading operations carried out in the currency market involve the purchase of a financial instrument or a currency and selling of another simultaneously. The first currency in a pair is called "Base Currency", while the second currency is called "Currency Crossing".
|The currency pair can explain how a single unit can be bought or sold. When you buy a currency pair, the base currency is bought while crossing currency is sold. The opposite is true when selling the currency pair is performed.|
The minimum fluctuation is called a point or a Pip. All currency pairs in the Forex market are quoted with a bid and offer price.
In the currency market, you can benefit from an uptrend, first buying and then selling at a higher price. Also by means of a downtrend, selling first and then buying at a lower price. BelforFx gives you access to the following pairs of currency: