Trader's Glossary

Quote Currency

The second currency quoted in a currency pair. Quote Currency is also referred to as Counter Currency.
Did you know?

Between the years 1860 and 1913, the number of foreign banks operating in London increased from 3 to 71.

Word of the day
"Blow Up the Account" - Slang term for losing all capital in a trading account.
Pro Tip

pip value in quote currency = pip in decimal places X trade size

UP