To understand the Forex chart, there are several main points to learn. Base currency and quote currency. The exchange rate always indicates two currencies. In the pair, the first currency is called the base currency and the second currency is the quote currency. The price of the base currency is always calculated in units of the quote currency. Which currency pair should you trade on IQ Option? How to choose one When trading digital options on IQ Option, you can choose among different financial instruments. These include forex, commodities, stocks and cryptocurrencies. 92% of traders opt to trade forex options compared to the other markets. The main reason is that these options have […] In currency pairs, the first currency is the base and the second currency is referred to as the counter currency. So in the previous example, you are using USD to buy EUR. Your broker converts your existing currency into USD, and then uses that to buy EUR. Currencies are traded in pairs in the forex market. A currency pair consists of a base currency, which is the first currency in the pair, and a quote currency, which is the second currency in the pair. For example, if you see EUR/USD = 1.1046, it means that you will need 1.1046 U.S. dollars (quote currency) in order to buy one euro (base currency). With only $10, you can open a real money account with IQ Option! How to Execute Forex Trades on IQ Option’s Platform. 1. Choose the currency pair you want to trade by clicking the plus (+) button at the top of the platform, click on “Forex” and then select the pair you need: 2. Choose the amount you would like to invest. 3. In currency pairs, the first currency is the base and the second currency is referred to as the counter currency. So in the previous example, you are using USD to buy EUR. Your broker converts your existing currency into USD, and then uses that to buy EUR. The main highlights of Forex trading: Firstly, sign up to IQ Option trading platform Trade stocks, ETFs, forex & Digital Options at IQ Option, one of the fastest growing online trading platforms. Sign up today and be a part of 17 million user base at IQ Option. The foreign exchange market, called also forex or the FX, is the largest financial market in the world. It is the most liquid one as well. High volatility creates more opportunities for trading. Today I am going to explain how to trade forex on the IQ Option platform. The base for the FX is purchasing […] Answer: The base currency units at IQ Option are the Euro, the Great Britain pound and the united states dollar. Quality Of The Platform. Ergonomy. The platform’s site is well set with the menu icons easily accessible. The problem is with the loading of the site that may take a rather long time to initialize. IQ Option Newsfeed For instance, you can select EUR/USD: the euro is the base currency, and the dollar is the quote one. If you purchase this Forex pair, you, therefore, obtain the former asset against the latter one. The process of buying EUR/USD is referred to as the long position on this pair.
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