Architecture Breakthrough

Jul 21, 2026 · Fundamentals

Forex Basics Explained: Currency Pairs, Spreads, Rates, Direct/Cross Quotes & Margin

The article breaks down core foreign‑exchange concepts—including how currency pairs are structured, the distinction between major, minor and exotic pairs, how exchange rates are quoted, the mechanics of spreads, margin requirements, slippage, and order‑type impacts—providing a clear foundation for anyone analyzing forex trading systems.