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Need more profit? Trade on cross pairs

Need more profit? Trade on cross pairs

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.

Forex Quotation

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".