Base currencyAny Forex pair consists of two currencies. The first one quoted is known as the base currency, which is the domestic currency of the country you are trading in.Quote currencyThe second currency which forms part of the Forex pair is called a quote currency or a counter currency.
>>>As such, the forex market can be extremely active any time of the day, with price quotes changing constantly. The price of a nation's currency regarding another currency is called an exchange rate, currency quotation or forex rate.
>>>Foreign exchange, commonly called Forex or FX is the market in which currencies, or simply put, money, is traded. It may sound contradictory at first. How is it possible to buy and sell money?Well, money is not traded physically here.
>>>The basics of wealth managementFor those who are deeply involved with creating wealth, there is little time for anything else. And that includes managing the finances they bring in. Wealth managers help them do precisely that.Wealth management is a high-level professional service by individuals or management firms who regulate and control money flo
>>>Money. Wealth. Funds. Assets. Capital. Finances. All these words refer to the same thing, right? Right, and wrong. Depending on the context in which we use these words, their meanings change. In a broad sense, they all can be used interchangeably. But in the context of investment services and wealth management, we must understand their exact interp
>>>But in the long run, to minimize loss and earn consistent profits in forex trading, educate yourself about currency pairs.
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