Read a Forex quote may seem a bit confusing in the beginning. Nevertheless, it is already quite simple if I remembered two things: 1) placed first currency is called the base currency) and 2 (the value of the base currency is always 1). U.S. dollar is the key element in the forex market and is usually regarded as currency 'base' in quotations. For "major currencies", this includes USD / JPY and USD / CHF and USD / CAD. In these currencies However other quotations are expressed in the form of a unit of the U.S. dollar against the value of the other currency in the pair. For example, the dollar / yen 110.01 means that the U.S. dollar is equivalent to 110.01 yen unit. When the U.S. dollar is the base currency, the pair when the price moves to the top of this means high value of the U.S. dollar and the decline in the value of the other currency. If prices rose aforementioned dollar-yen to 113.01, this means that the U.S. dollar is stronger now any able to buy more yen more than it was previously. There are three exceptions to this rule are the British pound and the Australian dollar and the euro. In these cases could see a quote such as GBP / USD GBP / USD 1.7366 means that one British pound equals 1.7366 U.S. dollars. In these three currency pairs and where the U.S. dollar is not the base currency, the rise in prices means the U.S. dollar fell because more American dollars can now be bought in against the British pound, euro or Australian dollar per share. In other words When goes a bid to top currency pairs, this means increasing the value of the base currency while when prices fall display, this means twice the base currency. Currency pairs that do not include the U.S. dollar are called cross currencies, but the rules keep one. For example, the EUR \ JPY 127.95 means that one euro equals 127.95 yen. Regret trading Forex you'll see a quote always two sides consists of 'tender' and Q '. 'Tender' is the price at which you can sell the base currency (at the same time buying the counter currency). Price 'question' is the price at which you can buy the base currency (at the same time selling the counter currency).