Currencies on forex are traded in pairs, one currency’s value either drops or rises in comparison to another. Currencies are represented by a three letter abbreviation such as USD, JPY or EUR. In the currency pair the first currency is called the base currency and the trailing is called the quote currency. The price at any given moment shows how much of the quote currency is needed to equal one unit of the leading or base currency. I am doing trading with all major currency pairs with TryMarkets.