Base and quote currency confusion: help each other out

In EUR/USD, EUR is the base and USD is the quote. Buying the pair means buying euros and selling dollars; the price is how many dollars one euro costs. It's simple in theory and a source of endless mistakes in practice.

Base and quote currency confusion: help each other out — risk-reward diagram
A risk-reward ratio of 1 to 2

What helped the concept click for you? Post the explanation or example that finally made it stick, or the question you still have.

Base and quote currency confusion: help each other out — candlestick anatomy diagram
The parts of a candlestick: wick, body, open and close

The base and quote currency guide covers long and short positions from first principles.

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