The second currency in a currency pair is referred to as the Counter Currency. It's the currency that the other currency pair trades against. The Euro trades against the US Dollar and therefore the US Dollar is the counter currency.Below we'll look at how you can use the counter currency in forex trading to make a profit.
The American dollar is the world's most important currency. For this reason, it is also the world's most popular currency pair. The US dollar is the base currency in the US Dollar Index (USDX). This blog looks at why trading the US dollar pairs are important and how we can use the USDX to aid us in our trading.In Forex trading , a currency pair refers to the price at which one currency is traded for another. There are four main types of currency pairs: Major, Minor, Cross and Reverse. The first currency in a currency pair is known as the counter currency.