How To Buy and Sell Forex Pairs

The first currency is the base currency. The second currency is the settlement currency.

E.g. for the USD/SGD pair:

If you wanted to obtain Singapore Dollars (SGD), you would SELL the USD/SGD pair.

If you wanted to obtain United State Dollars (USD), you would BUY the USD/SGD pair.

In forex trading and in brokers such as Interactive Brokers, this would be the way you’d convert from one currency to another.

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Alvin Poh lives in Singapore, and is interested in marketing, techy stuff, and likes to just figure out how the two can work with each other. He can also be found on Google+.

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