miguel

Hello I have been trying to use my demo account but I don’t know if I am reading backwards or is the EUR/USD written correctly. Should the us dollar be the base currency?

germy

Hey Miguel from a beginner to a beginner, it is written correctly I thought the same when I began, but that doesn´t really matter man. Just trade. Forex forever. And the base currency is always the first of the pair.

oharas

Hello Guys I think you don’t have to get worry for that, get worry when you don’t understand which one is going up or down or worse, when you don’t know why one of them is going up. Those are big troubles.

kinson

Look at this!
The first listed currency is the base currency for example EUR/USD in this pair the base is the Euro, while the second one is the counter or quote currency, for this is the Dollar. You are reading backwards, be careful, you don’t have to buy the wrong currency.

RickyMan

Look at your EURUSD picture in your account, you’ll notice it’s going up, the EUR is getting stronger, why don’t you try to buy some of them? My demo software is giving me some profits and it’s one of my first orders! I like this.

Hdsn

I’ve heard a lot of talk about the Yen/EUR rebound occurred yesterday (I barely know about it), though as I read on some forums the strength of the Yen in recent weeks was huge, so I was wondering whether trading with EUR after yesterday’s bounce. Can anybody provide some help?

jaxtrevor

Hdsn,
what i would say is that a good strategy is... keep closer the JPY trend, but anyways...trade! and...if you find something useful tho, let us know

Hdsn

Thanks for the reply, I found it really motivating. However I would like to know what would you do if you were in my shoes, I mean, You hear something in the news that may affect your trade, even though you keep track of the trend closer, you need to do some movements there, and gets worst when it says that the one you’re buying is weakening.

RickyMan

I was looking at the 4H picture USDJPY. Near 24 October 0:00 the USD went from 97.224 to 92.670 in 8 hours, now it’s at 99.800, that’s a big movement in a few days. Is there any new I’m missing? Or do you know a website with accurate information about this? Thanks in advance

goodjulie

I’m trying to attack AUDUSD and EURUSD and I already opened a new thread for advices but since elections in US the economic news are crazy. Some people say dollar will go up because this have happened in the last elections, some others say the protectionist policies and the long US budget will make the dollar falls. Who can we trust?