A 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.
Expert cross currency pair analysis is provided by Ben Drage.
Free charting webinarMon, Nov 18th, 2013 12:00 PM - 1:00 PM ESTDuring the 60 minute session Paul Coghlan, founder of Coghlan Capital, looks at current charts for currencies, precious metals, US indices, highlighting turns and low risk entry points using the Median line analysis methodology. Median line analysis reduces risk and increases the chartists ability to see trend direction, trend
strength and highlight entry and exit levels. Seats are limited so be sure to reserve your spot today. The webinar will be recorded, by signing up you'll receive an email with the webinar replay afterwards. |