Understand What You're Seeing

Upwards of 95 percent of online FOREX traders will trade currencies in pairs, meaning investors will buy one currency against another. On his screen, the investor would see a pair such as this: EUR/USD. This is the Euro/U.S. dollar pair. By going long in this pair, he wants the Euro to rise against the dollar. By selling short the pair, he would want the dollar to rise. When going long, the first currency in the pair is the one the investors always wants to go up. When selling short, the second currency in the pair is the one he wants to see rise.