How Are Currency Pairs Quotes

How is forex traded? The main idea of forex is that you’re buying one currency and at the same time, selling another. Currencies are normally quoted in pairs, like EUR/USD or USD/SGD. The exchange rate represents the purchase price between the two currencies. In EUR/USD ratio, This represents the number of US Dollars in every Euro you have. If you think the Euro will increase in value against the US Dollar from the last exchange rate, you buy Euros with US Dollars and you cash in profit from that.

At first I thought of green skies, blue grass, and all the rest of the childish exotica apt to inflict the mind that conceives of other than Urthly worlds. But in time I tired of those puerile ideas, and began in their place to think of societies and ways of thought wholly different from our own, worlds in which all the people, knowing themselves descended from a single pair of colonists, treated one another as brothers and sisters, worlds where there was no currency but honor, so that everyone worked in order that he might be entitled to associate himself with some man or woman who had saved the community, worlds in which the long war between mankind and the beasts was pursued no more. With these thoughts came a hundred or more new ones—how justice might be meted out when all loved all, for example; how a beggar who retained nothing but his humanity might beg for honor, and the ways in which people who would kill no sentient animal might be shod and fed.

For the most part, our educational systems remain rooted in the outdated and fractured Prussian model, which teaches people to take orders rather than think for themselves. Paired with the technological advances in communications, we are left swimming in an ever-engulfing sea of facts, unable to find meaning, never mind wisdom.

Ethereum’s ether provides a study on how exchanges adding a cryptoasset can increase the diversity of the trading pairs used to buy the asset. If our hypothesis on the importance of fiat currencies in cryptoasset trading holds, then as an asset grows in maturity and legitimacy, it should have more diversity in its trading pairs, with particularly strong growth in fiat currencies being used to buy the asset.

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