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Pairs and quotes: what 1.0850 means

Basics: how a trade and an account work3 min read
What you learn in 3 minutesA quote is the price of the first currency in the second. The number you see moves in the last decimal place, and that place has a money value.
18.390518.426918.463318.499618.5360USD/ZAR · H1 · 18 candles · schematic
Pairs and quotes: what 1.0850 means — schematic diagram, not a price quote
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Next in Basics: how a trade and an account workWhat a pip is worth in money
Trading forex and CFDs carries a high risk of losing money. Most retail accounts lose. Nothing here is a recommendation to trade or a forecast of any result.Nalediyour course guide