Base Currency Vs Quote Currency

The speaker provides an overview on the differences of the base currency and the quote currency.  He mentions that all the transactions on a pair are done through the base currency and all the profits are paid out in US dollars only.  Using a few examples, he illustrates how to convert profits back into US dollars even if they are made in foreign currencies. 
Tim Ord
Ord Oracle

Tim Ord is a technical analyst and expert in the theories of chart analysis using price, volume, and a host of proprietary indicators as a guide...

Tradingsim.com
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