Forex Indicators
Currency Cross Rates?
Are currency cross rates and FOREX the exact same thing? If you trade/invest according to the cross rates is there a higher profit?
Public Comments
- Currency cross rates represent the current exchange rates. Forex is an exchange where it's possible to buy and sell currencies based on current exchane rates. So yes, in a nutshell Forex defines the cross rates at the end of the day.
- Currency cross rates are just one aspect of FOREX. A 'direct' currency rate, though they are not ever called that, is a rate of one currency with the USD. Almost all currency trades are a currency -v- USD An exchange rate between two currencies, when neither is USD, is a 'cross rate'.
- If you want to make money by trading currency, you need to learn about it first. Its highly lucrative and equally risky.. You can get free information at - http://the-forex-trading.blogspot.com
