Forex Basics - Know Your Pairs All forex trades involve the simultaneous buying of one currency and selling of another, but the currency pair itself can be thought of as a single unit, an instrument that is bought or sold. If you buy a currency pair, you buy the base currency and sell the quote currency. The bid (buy price) represents how much of the quote currency is needed for you to get one unit of the base currency. Conversely, when you sell the currency pair, you sell the base currency and receive the quote currency. The ask (sell price) for the currency pair represents how much you will get in the quote currency for selling one unit of base currency. forex trading learn the basics, forex basics, of forex basics, know your pairs, trading binary option pairs, currency pair, currency pair trading, currency pairs, comes to pairs trading, trading pairs, your pairs trading, trading futures pairs, Know Your Pairs