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 a Pip’s Worth?

What is a Pip’s Worth?

In previous educational articles, we have looked at pips and explained what they are, how to read currency pairs and the different types of ‘lots’. Now we are going to see how to calculate the monetary value of a pip. As a reminder, a pip is the measure of the change...

read more
What Is Leverage?

What Is Leverage?

Leverage in forex is a “loan” that the broker gives to the trader so that the trader has more capital to trade with than what he or she initially deposited. Leverage is expressed in the form of a ratio and it depends on the client's knowledge and experience. Pure...

read more
What is your balance?

What is your balance?

Balance in forex refers to the amount of money you have in your trading account. It is very important to remember that your balance does not include any profits or losses you might have from any open positions. If you have open positions, your balance might change...

read more