It is important to understand that in the forex market you are trading currency pairs as a single unit. These pairs consist of two different currencies and are priced based on the value of one currency divided by the other.
Technically you are making two trades when you trade any forex pair. You are buying one currency while simultaneously selling the other.
With the AUD/USD you are buying the AUD while selling the USD when you go long the pair.
I ASKED FOREX AND SAID :
Philadelphia Stock Exchange
Philadelphia Stock Exchange (PHLX), now known as NASDAQ OMX PHLX, is the oldest stock exchange in the United States, founded in 1790. It is now owned by NASDAQ and located at 1900 Market Street, in Center City Philadelphia.
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