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Tuesday, July 8, 2008

Cross Currency

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

Posted by ForexGen Options at 10:14 AM
Labels: Chief Currency Strategist, Forex API - Automated Trading, ForexInsider streaming market commentary, Instructor-led training course, trading style customization

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Blog Archive

  • ▼  2008 (22)
    • ►  September (1)
    • ►  August (1)
    • ▼  July (20)
      • About ForexGen
      • What is Leverage ?
      • What is a margin call ?
      • Forex Broker
      • Choosing a Broker
      • Forex Provides up to 50 Times the Leverage of Stocks
      • Cross Currency
      • Why is Forex so popular?
      • What Tools Do I Need to Start Trading Forex?
      • Currency Day Trading Examples
      • Order Types
      • Weird Sounding Order Types
      • Forex Terminology PIP
      • How do I calculate profits and losses?
      • What Drives the forex market?
      • What is traded on the Foreign Exchange?
      • Can I trade from home?
      • Which Currencies Are Traded?
      • When does Forex trading occur?
      • What Are the Advantages of trading forex ?

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