DislikedPairs & Crosses Do you know the difference between a pair and cross? I know I didnt for a long time. GBPUSD and USDJPY are pairs, and GBPJPY is a cross. GBPJPY was created so English traders would no longer need to exchange their pounds for dollars in order to purchase some yen. This isnt anything crazy or shocking so why am I bringing it? Well, the reason I care about it and find it important to briefly bring it up is for hedging. I personally do not use stops and just hedge in worst case scenarios. This is when you somehow get on the wrong side...Ignored
A thumb rule is anything that contains USD is a pair and absence of USD is a cross?
Thanks