Excuse me, what's the difference between direct and cross foreign exchange trading?
Forex novices always can't tell straight from horizontal. The main differences between straight and cross are as follows. For example, when trading, the direct inventory difference is smaller than the cross inventory difference. Generally, the spread of direct currency is between 3 and 5 points, which is a fixed spread. Some companies or agents with floating spreads may reduce the spread to 1 to two points. However, the floating spread is more complicated. It is thought that sometimes the floating spread will rise to about 8 points, so the average trader is very confused. Why is the spread different every time and the transaction cost is different? Therefore, the fixed spread is relatively stable relative to the floating spread. Let's take ECN Trade's trading platform as an example. Direct contracts are mainly currency pairs related to the US dollar. For example, USD/JPY, GBPUSD, AUD/USD, etc. , cross exchange contracts between other currencies, such as Swiss franc/Japanese yen, pound/euro, etc. In foreign exchange trading, novices generally choose straight coins for trading, while radical traders prefer cross coins. There are many reasons for this phenomenon, mainly because the direct currency is mainly related to the US dollar, and the market is relatively regular, which is suitable for novices. There are many factors affecting cross-selling, and the market fluctuates greatly. It is difficult to grasp the trend. If the direction is right, the profit will be quick. To sum up, straight disk and cross disk have their own advantages and disadvantages.