How does currency trading like Forex work exactly?

I understand that you buy currency in "lots" and depending if they go up or down in value you make in profit or loss.

I just don’t understand why the currencies are paired like "EUR/GBP".

Can someone help me understand the actual process taking place when people trade currency?


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    One Response to “How does currency trading like Forex work exactly?”

    1. Davi says:

      In simple word:

      EURGBP = you have / use EUR to buy GBP, the exchange rates is 1 EUR = xxx GBP

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