Economy, asked by sunnyraj2708, 1 year ago

Difference between normal trading and cross currency

Answers

Answered by SuperstarPiyush

Currency pairs trading is used as a hedge, or speculation about the value of one currency against another. Thus, in aUSD/YEN trade, the initiator is 'Long' meaning they own, or buy USD, and sell 'Short' YEN. If in subsequent trading, the Dollar moves higher vs. the YEN, then profits will accrue.

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