Exotic aur Cross currency pairs kai hote hai?

is currency that is not common in the foreign exchange market. Exotic currency is usually from developing countries such as parts of Asia, the Pacific, the Middle East and Africa.

It is not as easy to trade exotic currency because the market does not have the same amount of activity for exotic currency as it does for main currencies. The main currencies include "majors" and "minors".

Exotic currency varies by other currency trading as it has lack of interest and activity. Thus exotic currency market has high cost and the risk is also maximum. ]

Exotic currencies are usually from developing countries and are represented as the respective currency against the USD.

Some examples and format of exotic currencies are USD-SEK (Swedish krona), USD-DKK (Danish krone).

The exotic currency pairs get their name from their pip value.

Cross currency pairs are the pair of currencies which don't include US Dollar. One currency is traded with other currency without first exchanging into US Dollar.

Cross currency pairs can also be defined by the currency pairs that don't include the local currency. The example is GBP/JPY trading in US.

In previous time, the currency should first be converted into U.S dollars to convert to any desired currency. Cross currency pairs bypass this step.

The most common cross currency pairs are EUR/CHF, EUR/JPY, CAD/JPY

For every cross currency pair there are various features and interest differentials . Also, political and economic condition sets the trend.

Cross currency pairs are further classified into two types.

First, the one that has EURO for a reference currency like EUR/JPY, EUR/CHF, EUR/GBP, these are also called EURO cross pairs because one of the currencies in the pair is a EURO. The second crosses are those which neither have EUR nor USD. Examples of such crosses are MYR/SGD, SGD/THB.

The other advantages of cross currency pairs are:
1) Stronger trends can develop in cross pairs versus majors including US dollar
2) Insulate trades from US news releases and its dependance.

These are the good for each and all the time is just for tradings and also we can get the taking as a very easy and simple method of earning amounts.

I think that cross currency pairs woh hote hain jin main USD nai ata jese GBO/EURO, CAD/JPY AUR exotic currency pairs woh hote hain jin main i think spread ziada hota hai aur market ki movement slow hoti hai is pe trading junior ke liye dangerous hai ziada tar experinced tarder is ko apply karte hay