Counter Currency Definition | CFI JO
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counter currency

The counter currency, otherwise known as the quote currency, is the second currency listed within a currency pair.

 

When a trader buys a currency pair, they are selling the counter currency and if they are selling a currency pair, they are buying the counter currency.

 

The unit of measurement to determine the change in value between the base and the counter currency is referred to as a [pip].

 

Key takeaways:

  • Counter currency is also known as the quote currency.
  • Counter currency is the second currency that is listed in a currency pair.
  • The counter, or quote, currency determines how many units of that currency are needed to buy one unit of the base currency.
  • A pip is the unit of measurement used to determine the change in value between the base and the counter currencies.
CFI Financial Group is an award winning global financial markets provider with over 23 years of experience and regulated entities in several jurisdictions, focused on offering impeccable execution and trading conditions including very low spreads, professional services, dedicated support and powerful tools.
CFI Financial Group is globally regulated with subsidiaries in
London • Larnaca • Beirut • Amman • Dubai • Port Louis
Credit Financial Invest for
Financial Brokerage Ltd
Al Rabieh Towers, Al Rabieh
17545

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Forex and CFDs are leveraged products that incur a high level of risk and a small adverse market movement may expose the client to lose the entire invested capital. The vast majority of retail client accounts lose money when trading in CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. The possibility exists that you could sustain a loss in excess of your deposited funds even if a stop loss is used and therefore, you should not speculate with capital that you cannot afford to lose and be aware of trading risks. Credit Financial Invest for Financial Brokerage Ltd provides general information that does not take into account your objectives, financial situation or needs. The content of this website must not be interpreted as personal advice. Please ensure that you understand the risks involved and seek independent advice if necessary.

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