How To Buy and Sell Forex Pairs

Share on facebook
Facebook
Share on google
Google+
Share on twitter
Twitter
Share on linkedin
LinkedIn

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.

Similar Posts:

More to explorer

how i started being a minimalist

How I Started Being A Minimalist

Once, I thought that all that mattered in life were the things that you possessed. Things like your car, house, watch, clothes.

2 Responses

Leave a Reply

Your email address will not be published. Required fields are marked *