Hi I have started to learn forex and got quite far through learning on babypips education but started again as this was a while ago.
On one of the sections (as below)
Cross Currency
A cross-currency is any [currency pair] in which neither currency is the U.S. dollar. These pairs exhibit erratic price behavior since the trader has, in effect, initiated two USD trades.
For example, initiating a long (buy) EUR/GBP is equivalent to buying a EUR/USD currency pair and selling GBP/USD. Cross-currency pairs frequently carry a higher transaction cost.
Is the above true for those trading in the USA who want to convert back to USD. However does this mean that as I am from england that trading anything that hasn’t got GBP in it would apply the same logic as above for USD as I would want my final return back into GBP.
sorry if this is a silly question.
Thanks for anyone who would take the time to answer this for me
There is a lot to learn through hard work as a beginner trader. If you do not learn anything, you may face many unexpected losses. Forex is not an easy thing to make a profit if you want. You have to master trading by doing a lot of practice.
It’s not completely true - for example you will find that EG will move ‘independently’ being influenced by either Pound or Euro influence.
Take today EG had 2 hours of a push up - those same 2 hours cable had a push down - so influence was GBP.
EurUsd didn’t react until the second hour - cable has since moved back up 50% of the move - likewise EurUsd has moved back up 50% - but EG stayed put.
Thus the move back up is Dollar influenced.
Sorry I may have not explained my question very well. I’m more leaning my question towards the fact that as I want any potential reruns to be paid to myself from the broker in GBP that this will introduce a 2 trades simultaneously when I complete a trade that doesn’t have GBP in it. As if the currency pair I could be trading where neither are in GBP my home currency
For example if I decide to trade EUR/USD but my home currency is GBP (this introduces a 3rd currency that will need to be in the conversion) to get paid any potential profits in
Whereas EUR/GBP or GBP/USD, my home currency is already in these transactions so wouldn’t need to be converted to GBP as it is already in the traded pair?
Just trying to understand if I am thinking that this is right or not.
The other possibility to my original question is that if baby pips is an American company so set the example for how it would be for a trade where USD wasn’t in the trade. And so would need to be converted back to USD.
Just trying to get my head around why the third trade would need to be added in to get back to your home currency
I hope I have explained myself better.
Thanks if you’ve taken the time to read my question
Mostly brokers allow you to trade in any currency (meaning your account can be in GBP or USD etc) so therefore a pip or point will represent a unit of your chosen account currency regardless of which instrument you are trading.
Therefore when opening an Oanda account they will ask you what currency you wish to use - lodge £100.00 and they will convert that to your chosen currency thus becoming your a/c balance.
A pip remains just a pip in any FX instrument worth a unit of your chosen account currency.
Best of luck up ahead 
Nearly all brokers let you trade any currency you want. The pip, in your case, will show your currency movement in the market. It doesn’t matter which instrument you are trading.
I hardly believe there’s any broker who would not let you trade in your own currency from your chosen account. Now you say your home currency is GBP and of what I know EUR/GBP is a profitable pair to trade, and a common one.
Forex trading is quite difficult if you do it seriously. It might take time for you to make profits in the market but it is absolutely worth it. Keep learning and keep achieving!
I think you should not worry so much and just focus on the courses. You can always ask some experts for guidance and try to get used to the terminology and the varied aspects of forex trading.
Hey there! I agree that the broker you select, considering he’s reliable and licensed, would allow you to trade in any currency no matter where you belong to. Now, choosing the pairs is in your hands completely, so you should make the right choice. Also, there shouldn’t be any problem in withdrawal and I guess your funds will be transferred to you in your currency only.