Forex brokers review

Forex trading strategy reviews .Best forex trading platforms reviews and trading lessons.

  • Home
  • Bank Holidays
  • Choose a broker
  • Brokers Rating
  • PAMM
  • Investment
  • Affiliate
  • Contact
You are here: Home / Learn forex trading / Forex Glossary / Base Currency – What is a Base Currency?

Base Currency – What is a Base Currency?

January 9, 2012 by Forex guru

ShareTweet

What is a Base Currency?
Definition of Base Currency: Base Currency is described as the first currency offered in a quote that involves currencies. Dealing with the currencies can be a bit confusing at the initial stage as one has to at first handle the currency pair. The initial currency in this pair is known as the base money. The other currency is this pair is known as counter currency and quote currency. Most of you might not be aware of the term “quotation.” This term defines the number of units present in the counter currency which are needed to purchase a single unit of currency. The quote of a exchange pair generally consists of two costs. It is found that the bid is generally lesser than the “ask”. It is the cost at which the market maker tries to purchase the base currency by exchanging the money. Ask or offer which is generally higher than the Bid is described as the cost based upon which the broker tries to vend the base currency by exchanging the quote currency. It is found that most of the Forex trading brokers derive their gains from the difference between the bid price and offers price, known as spread.

HF Social

Related posts:

  1. Currency Pair – What is a Currency Pair?
  2. Counter Currency – What is a Counter Currency?
  3. ASK – What is an Ask Offer Price?
  4. Bid Price – What is a Bid Price?
  5. Base currency
  6. Big Figure – What is the Big Figure?
  7. Base Rate
  8. Currency Symbol – What is a Currency Symbol?
  9. Bid Ask Spread – What is a Bid/Ask Spread?
  10. Etoro forex broker reviews – terms and glossary
  11. Forex Currency Symbols

Filed Under: Forex Glossary

Finance ads

Trading ads

Forex trading ads

img

Finance categories

  • Featured (7)
  • Forex Affiliate program (27)
    • Avapartner Review (2)
    • Hotforex affiliate program (1)
    • Instaforex affiliate (1)
    • Markets.com affiliate program (1)
    • XM affiliate program (1)
  • Forex brokers news (66)
    • Forex (36)
  • Forex brokers reviews (203)
    • 4XP Review (1)
    • AAAfx Review (1)
    • Admiral Markets Review (1)
    • Alpari Review (11)
    • Alpari UK (1)
    • Avatrade Review (32)
      • Avafx review (25)
    • Axitrader Review (1)
    • CMTrading Review (1)
    • Deltastock forex (3)
    • Direct Fx Review (3)
    • Dukascopy Review (6)
    • Easy Forex (1)
    • Equiti (1)
    • Etoro Review (20)
    • ETX Capital (1)
    • Exness Review (1)
    • FBS Review (1)
    • Forex.com – GAIN capital (1)
    • Forex4you Review (2)
    • ForexYard Review (1)
    • Freshforex (1)
    • FXCM Review (2)
    • FXDD Review (1)
    • FXOpen Review (3)
    • FxPrimus Review (1)
    • FxPro Review (3)
    • FXTM Forex Time (1)
    • GCI Trading Review (1)
    • HiWayFX Review (1)
    • Hotforex Review (8)
    • HY Markets (1)
    • IC markets forex review (1)
    • ICM Capital Review (1)
    • IFC Markets Review (2)
    • Iforex Review (1)
    • IG Markets (1)
    • InstaForex Review (44)
    • Ironfx Review (2)
    • Keystock Review (1)
    • Liteforex review (1)
    • London Capital Group Review (1)
    • Marketiva Review (1)
    • MAYZUS Review (1)
    • Nordfx Review (2)
    • Octafx Review (1)
    • Pepperstone Review (1)
    • Plus500 Review (3)
    • Roboforex Review (1)
    • Starfishfx Review (1)
    • SwissQuote Bank (1)
    • ThinkForex Review (1)
    • Trade.com Review (1)
    • UFX Markets Review (2)
    • Windsor Brokers (1)
    • XForex (1)
    • XM.com review (5)
    • Xtrade Review (1)
    • Yadix Review (1)
    • YouTrade FX Review (1)
    • Zulutrade Review (9)
  • Forex contest (35)
  • Forex trading books (15)
  • Forex trading expo (7)
  • Forex trading platform (31)
    • Autotrading (16)
      • Mirror trading (9)
    • AvaTrader (1)
    • Metatrader (12)
    • PAMM Investing platform (3)
    • SpeedTrader (1)
  • Forex trading software (4)
  • Fundamental analysis – world economy (46)
    • Economy and politics (5)
    • Fundamental economy (9)
    • Other economy research (3)
    • World Economy evaluation (1)
  • Futures (24)
    • Bonds (5)
    • Gold (2)
    • Oil (1)
    • Stocks (15)
  • Learn forex trading (1,190)
    • Basic forex course (20)
    • Chart Pattern (24)
    • Choose forex broker (1)
    • Facts (1)
    • Famous traders (28)
    • Forex courses (6)
    • Forex education videos (9)
    • Forex Glossary (926)
      • Forex terms (798)
    • Forex indicators (27)
    • Forex psychology (9)
    • Forex scam (1)
    • Forex strategy (25)
      • Forex scalping (7)
    • Hegding (2)
    • Intermediate Forex Course (8)
    • Money management (5)
  • Press Release (6)
  • Promotions (2)
  • Trading ideas (8)
  • Weekly forex strategy report (2)

Top forex brokers reviews

  • Alpari broker
  • Avafx review
  • Avatrade review
  • Etoro review
  • Exness review
  • Etoro webtrader review
  • Ironfx review
  • Hotforex review
  • Instaforex review
  • FxPro Review
  • Ufx.com review
  • Liteforex review
  • Forex broker Markets.com review
  • Xemarkets review
  • Alpari UK review
  • Zulutrade review
  • Anyoption review

Main info

  • Home
  • Forex brokers news
  • Forex Bank Holidays Calendar
  • How to read Economic Indicators in forex trading ?
  • The Best Forex Brokers Ratings List
  • Top Forex brokers by Alexa Traffic Rank
  • PAMM
  • Risk Disclaimer
  • Privacy Policy
  • Contact us

Best forex trading tools

  • Forex brokers reviews
  • MT4 EA
  • Learn forex trading
  • Forex Glossary

Forex social network

  • RSS
  • Twitter
Risk Warning: Trading leveraged products such as Forex and CFDs may not be suitable for all investors as they carry a high degree of risk to your capital. Trading such products is risky and you may lose all of your invested capital. Before deciding to trade, please ensure that you understand the risks involved, taking into account your investment objectives and level of experience.

Copyright Forex.in.rs 2007