What is based & quote currency? #forex#forextrading#tradingstrategy#trading#shorts

Now, let’s break down how currency pairs are structured—starting with
the base currency and quote currency. In a pair like *EUR/USD, the Euro is the *base currency—the one
you're buying or selling. The US Dollar is the quote currency, showing how much of the quote
currency you need to buy 1 unit of the base currency.
For instance, if EUR/USD is priced at 1.1200, it means that 1 Euro is worth 1.12 US Dollars. If you think the Euro will strengthen, you buy the pair. If you think it will weaken, you sell.
Imagine you're at an exchange booth in a foreign country. You exchange your US Dollars for Euros—just like that, you’re trading currencies in the Forex market!
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