FOREX.com is a registered FCM and RFED with the CFTC and member of the National Futures Association (NFA # 0339826). Forex trading involves significant risk of loss and is not suitable for all investors. Full Disclosure. Spot Gold and Silver contracts are not subject to regulation under the U.S. Commodity Exchange Act. A base currency is the first currency listed in a forex pair, while the second currency is called the quote currency. Forex trading always involves selling one currency in order to buy another, which is why it is quoted in pairs – the price of a forex pair is how much one unit of the base currency is worth in the quote currency. Exchange rates fluctuate continuously due to the ever changing market forces of supply and demand. Forex traders buy a currency pair if they think the exchange rate will rise and sell it if they think the opposite will happen. The Forex market remains open around the world for 24 hours a day with the exception of weekends. Currencies are traded in pairs in the forex market. A currency pair consists of a base currency, which is the first currency in the pair, and a quote currency, which is the second currency in the pair. For example, if you see EUR/USD = 1.1046, it means that you will need 1.1046 U.S. dollars (quote currency) in order to buy one euro (base currency). Too often new traders come into the market without getting to know the most fundamental components of foreign exchange and how currencies work. So we decided Currency Converter. Check today's rates. Currency Charts. Review historical trends for any currency pair up to the last 10 years. Rate Alerts. Set your target rate and we will alert you once met
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