Jest:
I took this from Investopedia as theres is a pretty good explanation.
Not sure which if any major currencies are still 'Historical Crosses' meaning you must convert to USD first.
I took this from Investopedia as theres is a pretty good explanation.
QuoteDislikedA pair of currencies traded in forex that does not include the U.S. dollar. One foreign currency is traded for another without having to first exchange the currencies into American dollars.
Historically, an individual who wished to exchange a sum of money into a different currency would be required to first convert that money into U.S dollars, and then convert it into the desired currency; cross currencies help individuals and traders bypass this step. The GBP/JPY cross, for example, was invented to help individuals in England and Japan who wanted to convert their money directly without having to first convert it into U.S dollars.
Not sure which if any major currencies are still 'Historical Crosses' meaning you must convert to USD first.
Dislikedi wonder why is it GJ.
isn't GJ a cross currency? The price of GJ is determined by the movements of UJ and GU. Correct me if im wrong or missing anything hereIgnored
In trading, there is no bullshit. You either make money or you don't.