logo |

정보

       >     오리지널    >     원문

    How Do Currency Pairs Work in the Forex Market?

    요약:If you want to trade currency pairs in the forex market, you are spoiled for choice. But to trade properly, you have to understand how it works, especially when it comes to price charts. And that's what we're going to see today.

      EUR/USD, USD/JPY, EUR/CHF…If you want to trade currency pairs in the forex market, you are spoiled for choice.

      But to trade properly, you have to understand how it works, especially when it comes to price charts. And that's what we're going to see today.

      Currency pairs: the basics

      There are two things to know about currency pairs.

      The first one is that as their name tells, they always come in pairs. It makes sense: If you want to get a quotation, you will have to compare one currency to another.

      One Euro will always be one Euro for you. But in itself, it has no real value. In the United States, your Euro is worth nothing (that means you cannot buy anything with it), unless you exchange it for some US Dollars: here is its true value. In fact, your Euro is not worth one Euro but X Dollars in the United States.

      Its the same in the forex.

      And depending on the quotation of the moment, with this Euro you can buy more or less US Dollars (Reminder: the quotations change constantly).

      From this comparison was born the quotation of the EUR/USD pair (surely it works the same way for all pairs) that youve found:

    1.png

      The second thing to know is that on the forex spot, these pairs are always defined in the same order.

      For example, the USD/JPY pair will always have the US Dollar firstly and the Yen secondly. Never in the opposite way (the JPY/USD pair does not exist).

      It's a convention. And all forex investors in the world have access to the same currency pairs like you and of course, the same charts.

      How do currency pair charts work?

      1. The supply/demand mechanism:

      Let's take the example of the EUR/USD pair again:

      As I told you, the quotation will always be based on “how many US dollars are equal to one Euro?”.

      On the chart, the figures on the right side correspond to the value of one Euro in Dollars:

    2.png

      In every market, there is a supply/demand mechanism which varies the price curve of the EUR/USD pair:

      - If market operators are less interested in the Euro, there will be more supply than demand. And then, the price of the Euro against the Dollar drops (you will get fewer Dollars by one Euro).

      - If market operators are very interested in the Euro, there will be more demand than supply. And then, the price of the Euro against the Dollar increases (you can get more Dollars by one Euro).

      2. Common mistake: dissociate mentally the 2 currencies of the pair

      You may think, “Okay, but I just want to buy some Dollars.” For that, I have to position myself at the purchase side on the chart, right? No. This is a very common take of misconception.

      It has already been given that you can't “buy some Dollars only” and the price curve represents the Euro against the Dollar (in that case, the Euro is the main currency of the pair) but not the Dollar against the Euro.

      Therefore, for “buying some Dollars”, you have no other choice but to sell Euros.

      And for selling Euros, you have no other choice but to position yourself at the selling side on the EUR/USD chart.

      It works in the same way for the opposite direction.

      Don't make the mistake of separating two currencies: by their nature, they go in pairs. Each pair is a “whole” and it is the quotation of the pair that is translated in the form of a chart.

      You can take the opportunities which are available to you in the form of signals (buy or sell) based on the trend of the price curve rather than whether you want to buy or sell Dollars, Yen, Euros, etc.

      (Source: www.en-bourse.fr/voici-comment-fonctionnent-les-paires-de-devises-sur-le-forex/?gclid=EAIaIQobChMI0ZPqsrb-6wIVTdiWCh3w_AiiEAAYASAAEgICMfD_BwE)

    South Korean Won

    • United Arab Emirates Dirham
    • Australia Dollar
    • Canadian Dollar
    • Swiss Franc
    • Chinese Yuan
    • Danish Krone
    • Euro
    • British Pound
    • Hong Kong Dollar
    • Hungarian Forint
    • Japanese Yen
    • South Korean Won
    • Mexican Peso
    • Malaysian Ringgit
    • Norwegian Krone
    • New Zealand Dollar
    • Polish Zloty
    • Russian Ruble
    • Saudi Arabian Riyal
    • Swedish Krona
    • Singapore Dollar
    • Thai Baht
    • Turkish Lira
    • United States Dollar
    • South African Rand

    United States Dollar

    • United Arab Emirates Dirham
    • Australia Dollar
    • Canadian Dollar
    • Swiss Franc
    • Chinese Yuan
    • Danish Krone
    • Euro
    • British Pound
    • Hong Kong Dollar
    • Hungarian Forint
    • Japanese Yen
    • South Korean Won
    • Mexican Peso
    • Malaysian Ringgit
    • Norwegian Krone
    • New Zealand Dollar
    • Polish Zloty
    • Russian Ruble
    • Saudi Arabian Riyal
    • Swedish Krona
    • Singapore Dollar
    • Thai Baht
    • Turkish Lira
    • United States Dollar
    • South African Rand
    현재 환율  :
    --
    금액을 입력하십시오.
    South Korean Won
    교환 가능 금액
    -- United States Dollar
    리스크 제시

    WikiFX데이터는 모두 각국 외환 감독기관의 공식 데이터에서 온 것으로 영국FCA, 호주ASIC 등 발표내용 모두 공정, 객관, 실사구시를 종지로 외환거래 플랫폼에 외교비, 광고비, 순위비, 데이터 청산비 등을 받지 않는다. WikiFX는 당사의 데이터와 각 감독기구 등의 데이터가 일치하도록 최선을 다할 것이지만, 실시간으로 일치함에는 보장하지 않는다.

    외환업계가 여러모로 복잡하게 얽혀 있는 점을 감안하면 일부 외환 딜러가 사기 수단을 통해 감독기관의 합법적 등록을 받는것을 배제할 수 없습니다. WikiFX가 공표한 데이터와 실제상황에 다른점이 있다면 WikiFX의 “신고” 와 “오류 정정”기능을 통해 신고하십시오, 신속히 실태를 조사하고 검증하여 관련 결과를 공포할 것 입니다.

    외환, 귀금속과 차익계약(OTC 장외거래)은 레버리지 상품으로 높은 리스크가 있어 귀하의 투자원금이 손실될 수 있으므로 신중히 투자하십시오.

    주의: WikiFX에 기재된 정보는 참고용으로만 제공하며, 투자 제안을 형성하지 않습니다. 외환 플랫폼은 이용자 스스로 선택하고, 플랫폼 조작에 의한 리스크는 WikiFX와는 무관합니다. 따라서 관련 결과에 대한 책임은 이용자에게 있습니다.