Forex Trading is about speculating on the fluctuating currencies between two countries. These two currencies are referred to as "Currency Pairs' and they are made up of the "Base Currency" and the "Quote Currency". A famous example of a currency pair is the Euro against the US Dollar, which is presented as EUR/USD. In the Forex market, currency unit prices are quoted as currency pairs. In other words, a currency pair is the quotation of two different currencies, with the value of one currency being quoted against the other. The first currency of a currency pair is called the "Base Currency", and the second currency is called the "Quote Currency".