oussama94
05-28-2017, 02:56
The quote currency, sometimes called the secondary or terms currency, is the second
symbol notated in a Forex symbol. In the case of EURUSD, the quote currency is USD
(U.S. dollars). This is the currency price being quoted. For example, if EURUSD is
currently quoted at 1.2510 Bid/1.2512 Ask, then you would pay $1.2512 U.S. dollars
to buy 1 euro and receive $1.2510 U.S. dollars to sell 1 euro. The realized profit or
loss of a trade is always based on the quote currency, and is automatically converted
into your native account currency at the end of the session, based on the current
conversion rate.
symbol notated in a Forex symbol. In the case of EURUSD, the quote currency is USD
(U.S. dollars). This is the currency price being quoted. For example, if EURUSD is
currently quoted at 1.2510 Bid/1.2512 Ask, then you would pay $1.2512 U.S. dollars
to buy 1 euro and receive $1.2510 U.S. dollars to sell 1 euro. The realized profit or
loss of a trade is always based on the quote currency, and is automatically converted
into your native account currency at the end of the session, based on the current
conversion rate.