What are currency pairs? | Exclusive Markets |
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In the Forex market, traders deal with two currencies simultaneously, exchanging one currency for another. In other words, let’s say you’re selling Euros and getting Dollars in return. In that case, you are trading the EUR/USD currency pair. If you know the price of the Euro in relation to the Dollar at that given time, you can use that knowledge to buy Euros and sell them for Dollars at a profit or loss.
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