Thank You For Your Support and For Honoring Me With Your Up Vote... So as you see.. Here you can learn how to trade the Forex Market for free. Just pure learning! It will be of great fun. The material is all created by myself and not copied from anywhere. There is a lot yet to come since there is a lot that you need to learn, and there is a lot that I need to share with you! So please just be patient – it will be worth it. You can judge by yourself the quality of information that I will be giving you. So just go now and start learning! https://steemitimages.com/0x0/https://steemitimages.com/0x0/https://steemitimages.com/0x0/https://steemitimages.com/0x0/https://steemitimages.com/0x0/https://steemitimages.com/0x0/https://steemitimages.com/0x0/https://steemitimages.com/DQmWoryatnMZSND8DBuLQ955hkDipJurAqRQWnJnG49ku14/index.jpeg Welcome to the Forex for Beginners course. As a reminder the course is aimed for complete beginners. I tried to keep the lessons short and to the point giving out clear examples and videos where required. Lesson 7. How to interpret Prices of Currency Pairs: How can you read and interpret the price quotes shown by brokers? Lets see how… ![euro.gif](https://steemitimages.com/DQmYh411yuJMQCVGpG53nag4LZidaGDEMgtUoDhnuEytt47/euro.gif) Currency are always quoted as follows: EUR/USD = 1.2845 EUR in this case is called the Base Currency USD is called the Counter Currency So, EUR/USD = 1.2845 means 1Euro(€) is equivalent to 1.2845 US Dollars ($) Similarly, USD/CHF = 1.1054 means 1 US Dollar($) is equivalent to 1.1054 to Swiss Franks USD/JPY = 108.34 means 1 US Dollar($) is equivalent to 108.34 Yen(¥) Notice that I am quoting the prices with 4 decimal places. There are many brokers that quote their price in 5 digits format – and this really confuse me. I always ignore the last decimal point. 5 Decimal point price shows up like this: EUR/USD = 1.28452 Notice also that the Yen is quoted with 2 or 3 decimal places like 86.36 for USD/JPY pair. It is the only currency with 2 or 3 points. https://steemitimages.com/0x0/https://steemitimages.com/0x0/https://steemitimages.com/0x0/https://steemitimages.com/0x0/https://steemitimages.com/0x0/https://steemitimages.com/0x0/https://steemitimages.com/0x0/https://steemitimages.com/0x0/https://4.bp.blogspot.com/-13g5Ni6idIE/VyJQ6RyS5BI/AAAAAAAAAi4/31AEVPm4z-8NImVYv6xDIMJOkCt2JtOTgCLcB/w800-h800/vOTAR.gif Every comment, every upvote, every support is really appreciated. Thanks For Reading, @lordoftruth Samer Below you can find the list with all the posts of Forex Education Center:

Part 01 / Live Vs. Demo Trading Accounts

Part 02 / Slippage

Part 03 / ECN Market

Part 04 / What Makes a Successful Price ActionTrader

Part 05 / The Manual of the Forex Art of War

Part 06 / The Don’ts when you Compare Forex Brokers

Part 07 / What is behind Currency Pair Trading

Part 08 / Banks: Beacons of Fraud

Part 09 / Win With CFD’s

Part 10 / Fight and Win the Bulls and Bears

Part 11 / How to Spot a Forex Trading Fraud

Part 12 / Become a Master with News Trading

Part 13 / The Forex Risk Management State of Mind

Part 14 / Top 10 Forex Trading Tips for Beginners – The Road to Success

Part 15 / Trader’s Strategy Checklist

Part 16 / E Currency Trading

Part 17 / E CURRENCY TRADING MAP

Part 18 / FOREX TRADING TUTORIALS

Part 19 / FOREX TRADING COURSES

Part 20 / FOREX FOR BEGINNERS COURSE / Lesson 1. Trading Currency Pairs

Part 21 / FOREX FOR BEGINNERS COURSE / Lesson 2. What is scalping

Part 22 / FOREX FOR BEGINNERS COURSE / Lesson 3. Intra Day Trading

Part 23 / FOREX FOR BEGINNERS COURSE / Lesson 4. End of Day Trading

Part 24 / FOREX FOR BEGINNERS COURSE / Lesson 5. Traders Psychology

Part 25 / FOREX FOR BEGINNERS COURSE / Lesson 6. Best Trading Hours

RE: Shadow Hunters/SMASh Contest - Round 285