In forex you have to buy and sell currencies to make a profit in it. Normally whenever we exchange our currency for another currency we buy one currency and sell our currency. You all have one question in mind that what is the quoted value of a currency, quotations in forex trading, what are major currencies in forex, forex trading quotations, what is the importance of currency pairs and quotations. I am here to explain currency pairs and quotations in forex trading for beginners. And trust me this info will going to too beneficial for you and also you will get answers of what are major currencies in forex, quoted value of a currency, base currency and quote currency explained, what are major currency pairs in forex trading, currency pairs and quotations in forex trading for beginners, forex trading quotations. 00:00 - Introduction to Currency Pairs in forex 00:26 - Currency Pairs examples 00:31 - Major Currencies in Forex 01:16 - What are Major Currency Pairs in Forex 01:30 - What are Minor Currency Pairs 01:46 - What are Exotic Currency Pairs 02:03 - Base Currency and Quote Currency 02:55 - Quoted Value of a Currency Here I am base currency and quote currency explained in here in such a way that you will get satify. Like if you want to exchange INR for USD, technically what you are doing is you are selling INR and buying USD. So, in forex 2 currencies are paired with each other, and currencies are always traded in pairs. For example, EUR/USD, USD/JPY, etc. Now, there are different currencies in the world, out of which there are 8 major currencies like US dollar (USD), Euro (EUR), Japanese yen (JPY), British pound (GBP), Australian dollar (AUD), Canadian dollar (CAD), New Zealand dollar(NZD) and the Swiss franc (CHF). These major currencies and several other currencies together form various pairs in the forex market And they all fall into this 3 category, That is Major, minor, and exotic. Out of these 8 currencies, the US Dollar is called the reserve currency of the world as it the most widely used currency and almost every financial system accepts it. When the US dollar is linked with or paired with any of the 8 major currency it is called a major currency pair. For example, EUR-USD, GBP-USD, USD-JPY, USD-CHF, etc. The currency pair which does not include USD in it is called a minor currency pair. These pairs don't have USD included but have the other major currencies involved like GBP-JPY, EUR-JPY, etc And, the currency pairs which includes a major currency and currency of a developing economy like South Africa or India is called exotic currency pair. For example, USD-INR, USD-ZAR, etc. Now, moving forward, Like, If you open a buy position on EUR/USD, it means that you are buying EURO and selling US dollars. So, the first curre ... https://www.youtube.com/watch?v=XDk0HdV_1KM