Currency pair selection

IGM Forex gives you a short overview of what currency trading is. Currency trading (often referred as Forex), is the act of buying and selling of currencies. Currencies are always traded in pairs. Forex market has the largest market trading volume in the world. Below you can see examples of the most well-known currency pairs that we have in our offer too. Global currencies are combined in pairs (for example, you can buy euros for dollars, trading on EUR/USD).

Currency Pairs
EURUSD
GBPUSD
USDCHF
USDJPY
AUDCAD
AUDUSD
NZDUSD
EURGBP
EURAUD
EURCHF
EURJPY
GBPAUD
GBPCHF
GBPJPY
AUDJPY
CHFJPY
EURCAD
XAUUSD
XAGUSD
EUR/USD Euro Zone/United States USD/JPY United States/Japan
GBP/USD United Kingdom/United States USD/CAD United States/Canada
USD/CHF United States/Switzerland AUD/USD Australia/United States
NZD/USD New Zealand/United States

When trading Forex (for example the EURUSD), the first currency EUR is called the ‘base currency’, which represents the direction and the second currency is called ‘counter or quote currency’ which indicates the  profit or loss.