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Forex Tutorial: How to Read a Currency Quote 🙌

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How to read a currency quote http://www.financial-spread-betting.com/forex/forex-trading.html PLEASE LIKE AND SHARE THIS VIDEO SO WE CAN DO MORE! Let's look at some examples; EUR/USD - 1.32 - the currency on the left hand side is called the base currency. When trading a currency you are always trading one currency against another i.e. you trade them in pairs in relation to each other. For one EUR how many US Dollars do I get - and the answer to that is 1.32 USD/JPY - 102.5 For 1 USD you get back 102.5 Japanese Yen. GBP/USD - 1.58 For 1 Pound Sterling I get back 1.58 US $ EUR/USD 1.32 - 1.33 USD/JPY - 102.5 - 102.6 GBP/USD - 1.58 - 1.59 Let's say we go long GBP/USD - what we are doing is going long GBP, short USD i.e. buying Pound and selling Dollar. When we see a broker with a currency quote we will see two quotes say GBP/USD: 1.58 - 1.59. If we want to buy this we would need to buy at the ask of 1.59
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Text Comments (10)
Patrick stefanek (13 days ago)
yea holy shit...so frustrating.. great job here man thank you very much
Recker (2 months ago)
great video thank you
Atx Machine (4 months ago)
@ukspreadbetting is it safe to say you can apply this to equities? Or anything for that matter. Do you have a video on that?
UKspreadbetting (4 months ago)
No shares work differently. See https://www.youtube.com/user/ukspreadbetting/search?query=how+shares+trading+works
Mildred Mongcupa (1 year ago)
This absolutely answered my question! I was so confused what exactly am I buying and what on earth am I selling. This is probably the ony video that clarified that so clearly. Thanks.
Lovve youu thankssss
elf galen (1 year ago)
Thank you,very much,this was absolutely enlightening
Bobo (1 year ago)
Very helpful for beginner & easy to understand. Thanks!!!
xfoehtmai (1 year ago)
keep em coming
DogeToshi BakaMoto (1 year ago)
First :)

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