: The first currency in the pair, representing one unit.
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: The second currency, showing how much of it is needed to buy one unit of the base currency. Going Long vs. Short : : The first currency in the pair, representing one unit
: You sell if you expect the base currency to weaken against the quote currency. Pips and Spreads : Pip : The smallest price move a given exchange rate makes. representing one unit. For high-quality