Need more profit? Trade on cross pairs
- VFX Blog
Newbie’s, thinking how to make money on binary options, start testing strategies for major currency pairs. Usually, the first trade is opened on EUR / USD. If the profit continues to be traded, but do not forget about other Forex assets, such as cross pairs.
There are three types of quotes in the Forex market:
- Direct Quotation. The amount of currency can be bought for one dollar. In the first place in a pair of "base currency".
- Indirect Quotation. How much USD is contained in the currency (Euro, Pound, Yen, etc.) Paired in second place or "quote currency".