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Currency Pairs
How Currency Pairs Work
A currency pair shows the value of one currency against another. The first currency is the base and the second is the quote. If EUR/USD is quoted at 1.1000, one euro costs 1.1000 US dollars.
When you buy a pair you are buying the base currency and selling the quote currency. When you sell a pair, the reverse happens. Prices move with interest rates, economic data, central bank decisions and world events.
At VestFX you can trade currency pairs on the web platform, MetaTrader 4 and MetaTrader 5. The pairs available to you are listed in the market watch of your platform.
Types of Currency Pairs
Pairs are usually grouped by how widely they are traded.
Major Pairs
Pairs that include the US dollar and another of the world’s most traded currencies, such as EUR/USD, GBP/USD and USD/JPY.
Learn more
Minor Pairs
Also called cross pairs. These do not include the US dollar, for example EUR/GBP or EUR/JPY.
Learn more
Exotic Pairs
A major currency paired with the currency of a smaller or emerging economy. Prices can move sharply and spreads are often wider.
Learn more
Analysing Currency Pairs
Use the free tools on this website to prepare before you place a trade.
Check the economic calendar
Scheduled events such as interest rate decisions and employment reports can move prices quickly. See what is coming up in the economic calendar.
Compare currency strength
The heat map gives a quick view of how major currencies are performing against each other.
Plan the trade
Decide your position size, stop loss and target before you enter. The currency converter and market hours pages can help.
Ready to get started?
Open a free demo account to practise first, or open a live account when you are ready. Trade on the web platform, MetaTrader 4 or MetaTrader 5.
Risk warning: Trading leveraged products such as forex and CFDs carries a high level of risk and may result in the loss of some or all of your capital. Only trade with money you can afford to lose. Read the full risk warning.