Currency Pairs
Understand currency pairs, spreads, pips, lots and the basic mechanics of trading.
Currency Pairs
The first currency is the base and the second is the quote. A long position benefits from a rising pair price before costs; a short position benefits from a falling price. Major, minor and exotic labels describe market groupings, not safety.
Example
Buying GBP/USD creates exposure to a stronger pound relative to the dollar.
All educational content is provided for general information and educational purposes only. It does not constitute investment advice, financial advice or a recommendation to buy or sell any financial instrument. Trading leveraged products involves significant risk and may result in the loss of invested capital.