ForexGen Lingo

As in any new skill that you learn, you need to learn the lingo...especially if you wish to woo your love's heart.

You, the newbie, must know certain terms like the back of your hand before making your first trade.

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 and traders bypass this step. The GBP/JPY cross.