Crosses is the label given to currency pairs that do not involve the USD (Us Dollar). Some of the most traded Crosses include the Euro Japanese Yen which is represented by EURJPY, New Zealand Dollar Japanese Yen which is represented by NZDJPY, British Pound Japanese Yen which is represented by GBPJPY, Euro British Pound which is represented by EURGBP, Euro Swiss Franc which is represented by EURCHF and the Australian Dollar Japanese Yen which is represented by AUDJPY. Just like all currency pair groups, Crosses share similar characteristics that define them and differentiate them from other groups. These characteristics make them riskier to trade than the Majors: they are more volatile, less liquid, more susceptible to manipulation and have a higher sensitivity to sudden shifts in financial or political developments.
More on Beginner's Education
What is Forex?
What is a Pip?
A point in price – or pip for short – is a measure of the change in the exchange rate of a currency pair. It is the smallest unit of measurement we use when trading currencies. Most currency pairs are measured to five decimal places. For pairs such as EURUSD, GBPUSD a...
What is a Bid Price/What is an Ask Price?
The Bid price is the price a forex trader is willing to sell a currency pair for. Ask price is the price at which a trader will buy a currency pair. Both of these prices are given in real-time and are constantly updating. So for example, the British pound against the...
