True. EUR/JPY amplifies the move. In addition, look at eur/usd. Down on 5 minutes as well.
EUR/JPY=product of the two. This means the cross is even weaker.
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Forex Trade Journal
- Thread starter positiontrade
- Start date
True. EUR/JPY amplifies the move. In addition, look at eur/usd. Down on 5 minutes as well.
EUR/JPY=product of the two. This means the cross is even weaker.
Damn it. This pair is really weak. I should have stayed. I will wait for a bounce. Hopefully it will come before I sleep.
How important are macroeconomic events to forex trading. It seems that these events happen very rarely, are global news events worth the energy?
I'm still trying to understand cross.
Cross Deal - A foreign exchange deal entered into involving two currencies, neither of which is the base currency.
Cross Forex rate - The exchange Forex rate between any two currencies that are considered non-standard in the country where the currency pair is quoted. For example, in the US, a GBP/JPY quote would be considered a cross Forex rate, whereas in UK or Japan it would be one of the primary currency pairs Forex market traded.
any educational material recommendations?
I'm still trying to understand cross.
Cross Deal - A foreign exchange deal entered into involving two currencies, neither of which is the base currency.
Cross Forex rate - The exchange Forex rate between any two currencies that are considered non-standard in the country where the currency pair is quoted. For example, in the US, a GBP/JPY quote would be considered a cross Forex rate, whereas in UK or Japan it would be one of the primary currency pairs Forex market traded.
any educational material recommendations?
done for the week, up 26%
50,000 -> 1,000,000 in 50 days