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This is a discussion on Non Linear Trading within the Forex forums, part of the Markets category; anyone use or has looked into this method of trading? ie the buy 1 every x points down with x ...
The left-hand side currency (here, EUR) is traditionally called the base currency, whereas the second currency is called the quote currency (USD in this case). Each currency on the Forex market can be both bought and sold; therefore, each currency has two prices: Bid and Ask. 1  Bid is the rate at which you can sell the base currency (in our example EUR), and buy the quote currency (USD).