Sunday, April 7, 2013

Quoting Norm

Quotes in the currency market can be a bit confusing because any position you take in the market is actually two different positions.  In FX you’ll see currencies listed in Pairs. This permits you more options in FX then you get in other markets. For example, you may be bullish on Euro and will therefore buy want to buy the Euro. In FX, you can chose what you want to buy those Euros with. You can buy them with USD, or you can buy them with JPY if you prefer. You can buy Euros with a long list of other currencies that we offer.
     So a currency pair will be displayed in this manner.

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