What are the Major, Minor, Cross and Exotic Forex PairsAs we have previously looked at, unlike other markets, currencies are traded as pairs.There are many different currency pairs you can trade from the majors to the exotics. Each Forex pair falls under a different category and in this lesson we …
Beginner Trading Lessons
What is the Currency Cross?
What is the Currency Cross? Forex pairs that do not involve the USD are referred to as ‘cross pairs’. These are pairs such as the EUR / JPY and CAD / CHF. Before currency cross pairs were created, trading different currencies was not as easy as it is today. If someone wanted to exchange their …
Common Forex Trading Traps to Avoid
Over Trading Without a doubt at all, the biggest trading account killer in the world is OVER TRADING. Over trading is a disease that has spread all throughout the trading world and held many accounts hostages. This is by far the biggest mistake traders make throughout the world. Over …
