Currency Pairs
Select your preferred forex CFDs available on the PanaceaCapitals platform. Learn more about forex trading and the available currency pairs.
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Tight Spreads
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Effective Trading Tools
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Mobile Trading Available
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Negative Balance Protection
In forex, a currency pair is the quotation of two different currencies. The value of one fiat currency is quoted against the value of another fiat currency. As such, you are trading one currency against the other when trading forex. For example, when you trade the EUR/GBP currency pair, the first currency (EUR) is the base currency while the second currency (GBP) is the quote currency.
As a trader, you are comparing the value of one fiat currency against the other. This implies that you are comparing the value of the base currency (EUR in the example above) against the quote currency (GBP). The pair means that you need a certain amount of the quote currency to buy the base currency.
Also, in forex trading, each currency is denoted by three letters (the ISO codes), making it easier for traders to distinguish the currencies. For example, the US dollar is denoted as the USD while the euro is denoted as EUR.