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| Foundation Year: | 2012 |
| Country: | Seychelles |
| Email: | support@justmarkets.com |
| Trade Platform: | MT4 for Desktop, MT4 Web Terminal, MT4 Android, MT4 iPhone Trader, MT4 iPad Trader MT4 Multi Terminal, MT5 for Desktop, MT5 Web Terminal, MT5 Android, MT5 iPhone Trader, MT5 iPad Trader, Platform for Android, Platform for iOS |
| Acc Funding Methods: | Credit Card, Debit Card, Western Union, Perfect Money, Neteller, Skrill, FasaPay, Internal transfer, Local Deposits, Bitcoin, TrustPay, Boleto, Multiple local methods, Sticpay, PayTrust, PayRetailers, Payment Asia, Crypto, Absa , Help2pay, Pix |
| Max: Leverage: | 1:3000* |
| Min. Deposit: | 1 |
| Base Currencies: | USD EUR GBP JPY MYR IDR THB VND KWD CNY ZAR |
| Min. Spreads: | 0.2 pips |
In forex, the term ‘currency crosses’ simply refers to currency pairs that do not include the US dollar. However, since the US dollar is considered one of the strongest and most popular currencies, it is highly traded across the world. Thus, currency crosses have a higher potential of making profits than popular currency pairs involving the US dollar, such as EUR/USD, GBP/USD, USD/JPY, and AUD/USD.
Major Currency Crosses in Forex
The forex market is driven by the economic stability of nations, which translates into the value of their respective currencies. Since the US is considered to be the economic king of the world, it enjoys the highest value. However, the euro and the yen are also regarded as strong, and many nations hold these currencies for foreign exchange reserves. Taking this fact into account, some of the major currency crosses are:
EUR/GBP
EUR/JPY
GBP/JPY
CHF/JPY
EUR/CHF
EUR/CAD
EUR/AUD
EUR/NZD
GBP/CHF
CAD/CHF
AUD/NZD
EUR/NZD
Some of the minor crosses are:
AUD/CHF
AUD/JPY
CAD/CHF
CAD/JPY
CHF/JPY
EUR/AUD
EUR/CAD
EUR/NZD
GBP/AUD
GBP/CAD
GBP/CHF
GBP/NZD
NZD/CHF
NZD/JPY
Trading in currency crosses is often riskier and more complicated than trading in major currency pairs. Being traded by a lower number of traders, you can face liquidity problems. In addition, as these currency crosses belong to relatively weaker economies, trading also becomes more volatile.
Relative Advantage with Currency Crosses
One of the advantages of analyzing currency crosses is making an informed decision when exposed to a weak US dollar. For example, suppose you predict a weak dollar and want to buy either EUR/USD or JPY/USD. How would you make a choice? In such a situation, analyzing the trends in EUR/JPY will help you make the right choice. If the cross currency is surging up, it means that the EUR is stronger. Thus, buying EUR/USD will be a better option.
Since the finish of the highest quality level and the increment of exchanging at a wholesale level, cross currency exchanges are essential for consistently trading life. Not exclusively cross currency exchanges make it simpler for global payment, however they have additionally made them extraordinarily less expensive.