The base currency is that the “basis” for the get or the sell.

If you purchase EUR/USD this merely implies that you're shopping for the bottom currency and at the same time commercialism the quote currency.

In cave man speak, “buy EUR, sell USD.”

You would get the try if you suspect the bottom currency can appreciate (gain value) relative to the quote currency.
You would sell the try if you're thinking that the bottom currency can depreciate (lose value) relative to the quote currency.
Long/Short
How mercantilism Forex Works
First, you ought to confirm whether or not you wish to shop for or sell.



If you wish {to get|to shop for} (which really suggests that buy the bottom currency and sell the quote currency), you wish the bottom currency to rise in worth so you'd sell it back at the next worth.

In trader’s speak, this is often known as “going long” or taking a “long position.” simply remember: long = get.

If you wish to sell (which really suggests that sell the bottom currency and get the quote currency), you wish the bottom currency to fall in worth so you'd go back at a lower cost.

This is known as “going short” or taking a “short position”. simply remember: short = sell.

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