The fx quote trading works like you buy some currency and wait some time and sell the currency you broght relative to currency which you have sold.
In Fx Quote or Quote fx trading 2 currencies involves. The currency you are going to buy and currency you are going to sell. So they invove 2 things long position and short position.
The long long position is where when he buys a currency in expectation that you will able to sell it later time at a profit.
When a trader sells the currency in expecting that it will fall in value that he is said to take a short position and your intention is to buy the currency later or back again once the price is dropped. The trader will only profit from the fall in the price once he buys the currency back.
The next important thing called open position and closed position. When some trader buys a currency in expectation that it will rise later in value he is said to open a position.
Foreign exchange trading currencies are normally referred by using codes (developed by the International Organization for Standardization) such as USD is satand for US Dollar and EUR for the Euro.
USD/EUR = 1.3111
