This Major Currency Pair Cross-Rate Widget is powered by TradingView and packaged into a cTrader cBot to allow you to open from your trading platform, this keeps all your tools in one place and saves on chart real-estate space.
What is Forex Cross-Rates?
If you are wondering what Forex cross-rates are then it is simply an exchange rate at which one currency will be exchanged for another and it is also regarded as the value of one country's currency in relation to another currency. So, a cross-rate is technically any rate between two currencies that are not the domestic currency in the country where the quote is published.
Pair Trading
A benefit of trading forex cross pairs is that they present you with the opportunity of buying along with selling the strongest and weakest currencies that exist in the market. The theory is similar to pair trading as you are trying to find securities that are ready to gain, along with securities that are ready to underperform.
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