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.

Alvin Poh

I've over 17 years of entrepreneurship experience, having built a tech company to be the top in the country, which was subsequently acquired for an 8-figure sum. As CEO, I led the company through robust growth to 150 employees across 4 countries. After the acquisition, I embraced minimalism, sold off my personal possessions, and started living around the world. Read more about my story here.

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Avin says:

November 2, 2015 at 9:19 am

Very Short and Easy to understand Answer of Question ... Thanks a lot.
Chris says:

January 16, 2016 at 2:03 am

thanks for sharing, have a good day!!