What are cross currency pairs, and should you trade with them in Australia?

Cross-currency pairs are simply two currencies traded against each other, where neither of the currencies is the dominant one. For example, a cross between the EUR and GBP would be EUR/GBP. In most cases, the U.S. dollar is not involved in the cross. Trading with cross currency pairs in Australia can be beneficial as it can provide opportunities to profit from the large movements that often occur. However, it is essential to be aware of the risks involved and potential losses. Advantages of trading with cross currency pairs Cross-currency pairs can be highly volatile One of the main advantages of trading with cross currency pairs is that they can be highly volatile. There is the potential to make large profits from small price movements. However, it also means that there is the poten

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