Currency Pair
A currency pair expresses the value of one currency relative to another.
Topic: Currency Pairs
Exotic Pair
An exotic currency pair typically combines a major currency with a currency from a smaller or emerging economy.
Long
A long position is a position that benefits if the quoted currency pair rises.
Major Pair
A major currency pair includes the US dollar and another heavily traded global currency.
Short
A short position is a position that benefits if the quoted currency pair falls.
What Is Forex?
Forex is the market where currencies are exchanged and compared. The easiest way to understand it is to remember that every Forex price compares one currency with another.
Currency Pairs Explained
A currency pair shows the value of one currency compared with another. The first currency is the base currency and the second is the quote currency.
Long and Short Positions
Long and short simply describe direction: a long position benefits if the pair rises, while a short position benefits if the pair falls.