From theory to practice - page 1938

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Evgeniy Chumakov:




Draw entry points and why. There is a EURUSD cross

Do you know what a cross rate is and how it works?
What EurUsd cross;)
 
Vladimir Baskakov:
Do you know what a cross rate is and how it is obtained?
What cross EurUsd;)


Yes I know, EURGBP = EURUSD/GBPUSD

Now tell me EURUSD does not equal EURXXX/USDXXX ?

Expert.

 
Evgeniy Chumakov:


I know, EURGBP = EURUSD/GBPUSD

Now tell me EURUSD does not equal EURXXX/USDXXX ?

Expert.

Second brain composter, take a break, read some literature
 
Vladimir Baskakov:
Second brain composter, take a rest, read some literature.


You answer the question is EURUSD = EURXXX/USDXXX ?

 
Evgeniy Chumakov:


...

Now tell me EURUSD does not equal EURXXX/USDXXX ?

Expert.

no

try EURCAD ?

 
Renat Akhtyamov:

no

EURCAD ?


What not, what eurcad? Where is the CAD?

 
Evgeniy Chumakov:


No what, eurcad? Where's the CAD?

Well, you're going to lose anyway.

and just the reason will be cross

 
Evgeniy Chumakov:


You answer the question is EURUSD = EURXXX/USDXXX ?

Across rate is a ratio between two currencies based on their exchange rate against a third currency. Since in Forex all currencies are quoted against the American dollar, the third currency is the US dollar
 
Vladimir Baskakov:
A cross rate is a ratio of two currencies based on their exchange rate against a third currency. Since in Forex all currencies are quoted against the American dollar, the third currency is the US dollar


Will you answer the question? Or are you copying it once again?

 
Vladimir Baskakov:
A cross rate is the ratio of the exchange rates of two currencies, which is determined on the basis of their exchange rates against a third currency.

Read for yourself what it says and tell me how the formula below differs from the one above.

EURUSD = EURXXX/USDXXX

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