Forex - why call it cross trade?

E

exment1947

Newbie

Messages

3

Likes

0

• May 3, 2012

• #1

"Cross may advance to 1.9912, 2.0000 in near term" - in relation to the GBP.NZD currency.

Why call it the cross?

 

W

wackypete2

Legendary member

Messages

10,211

Likes

2,058

• May 3, 2012

• #2

SPAM with hidden link from excrement1947

Peter

 

NVP

Guest Author

Messages

37,934

Likes

2,141

• May 3, 2012

• #3

hmmmmm

 

M

mayya

Junior member

Messages

10

Likes

0

• May 3, 2012

• #4

Because neiether one is the domestic currency of the guy calling it a cross. It might be (though I doubt it) that you have to trade NZD/GBP through the USD or AUD or something.

 

M

mayya

Junior member

Messages

10

Likes

0

• May 7, 2012

• #5

Because neiether one is the domestic currency of the guy calling it a cross. It might be (though I doubt it) that you have to trade NZD/GBP through the USD or AUD or something.

 

W

wackypete2

Legendary member

Messages

10,211

Likes

2,058

• May 7, 2012

• #6

Forgot to add the link on the first try?
You guys really are amateurs!

Peter

 

NVP

Guest Author

Messages

37,934

Likes

2,141

• May 7, 2012

• #7

exment1947 said:

"Cross may advance to 1.9912, 2.0000 in near term" - in relation to the GBP.NZD currency.

Why call it the cross?

Click to expand...

because you will get cross when you lose money on the trade

N

 

rsh01

Experienced member

Messages

1,184

Likes

299

• May 7, 2012

• #8

NVP said:

because you will get cross when you lose money on the trade

N

Click to expand...

I thought cos it was traded mainly by cross dressers. Like the cable is best traded when laying a cable.