Summary: Currency Correlations

Summary: Currency Correlations

Some currency pairings move in lockstep, much like synchronised swimmers. Other currency pairings travel in opposite directions, like magnets with the same poles that contact.

Undergraduate 2022-04-01 00:51
How To Calculate Currency Correlations With Excel

How To Calculate Currency Correlations With Excel

Correlations will vary and alter over time, as you've read. As a result, keeping track of current coefficient strengths and directions becomes even more critical.

Undergraduate 2022-04-01 00:37
Be Careful! Currency Correlations Change!

Be Careful! Currency Correlations Change!

The FX market is like a schizophrenic patient with bipolar disease who eats chocolates all day, has severe sugar highs, and has erratic mood swings all day.

Undergraduate 2022-04-01 00:31
5 Reasons Why Factoring In Currency Correlations Help You Trade Better

5 Reasons Why Factoring In Currency Correlations Help You Trade Better

Over time, currency correlation informs us whether two currency pairings move in the same, opposing, or completely random directions. It's vital to remember when trading currencies that because they're exchanged in pairs, no one currency pair is ever completely isolated.

Undergraduate 2022-03-31 16:24
Are You Doubling Your Risk Without Knowing It?

Are You Doubling Your Risk Without Knowing It?

When trading numerous currency pairings in your trading account at the same time, always be conscious of your RISK EXPOSURE.

Undergraduate 2022-03-31 16:02
How To Read Currency Correlation Tables

How To Read Currency Correlation Tables

Over various time frames, each table depicts the connection between each primary currency pair (in orange) and other currency pairings (in white). Remember that currency correlation is expressed as a correlation coefficient, which is essentially a number between -1.00 and +1.00 in decimal notation.

Undergraduate 2022-03-31 15:49
Currency Correlation Explained

Currency Correlation Explained

Have you ever observed that while one currency pair rises, another one falls? What if, as a result of that identical currency pair falling, another currency pair appears to be copying it and falls as well?

Undergraduate 2022-03-31 15:37
Scaling In and Out of Trades in Context

Scaling In and Out of Trades in Context

Let's see how much of this data has made its way into your brain. Here's a quick review of the guidelines for scaling in and out of trades safely.

Undergraduate 2022-03-31 15:20
What Can You Do To Improve Your Winning Positions?

What Can You Do To Improve Your Winning Positions?

Scaling into a trending move is a fantastic transaction modification to increase your maximum profit. We can't all be like DJ Khaled, who wins every time, so there are guidelines you should follow to ensure that you add value to your open positions.

Undergraduate 2022-03-31 15:11
What Is The Best Way To Scale In Positions?

What Is The Best Way To Scale In Positions?

We spoke about how to scale OUT of a trade in the last lesson. Now we'll demonstrate how to scale WITHIN a trade. When your trade is going against you, the first scenario we'll go over is adding to your positions.

Undergraduate 2022-03-31 14:40
How to Scale Your Way Out of Tough Situations

How to Scale Your Way Out of Tough Situations

Scaling out, as already said, has the clear advantage of bringing down hazard by removing exposure to the market whether you're in a winning or losing position.

Undergraduate 2022-03-31 14:35
Changing Positions By Scaling In And Out

Changing Positions By Scaling In And Out

Now that you know how to set proper stops and identify the best position size, here's a lesson on how to get creative in your trading.

Undergraduate 2022-03-31 14:25
Setting Stops in Context

Setting Stops in Context

Let's go through all you need to know about stop losses now.

Undergraduate 2022-03-31 14:16
When Using Stop Loss Orders, There Are 3 Rules To Follow

When Using Stop Loss Orders, There Are 3 Rules To Follow

After you've done your study and crafted an outstanding trading strategy with a stop-out level, you must now ensure that you execute those stops if the market moves against you.

Undergraduate 2022-03-31 14:00
4 Big Mistakes Traders Make When Setting Stops

4 Big Mistakes Traders Make When Setting Stops

Let's look at the four most common blunders traders make when it comes to applying stop losses. We frequently highlight the need of risk management, but if done incorrectly, it can result in more losses than victories.

Undergraduate 2022-03-31 13:48
How To Set A Stop Loss Based On Price Volatility

How To Set A Stop Loss Based On Price Volatility

If you move to a general term, the volatility is the amount that the market can potentially move within a certain time. If you know how much the currency pair tends to move, you can establish the correct stop loss level and avoid early extraction from random price fluctuations.

Undergraduate 2022-03-31 13:37
How To Set A Stop Loss Based On A Time Limit

How To Set A Stop Loss Based On A Time Limit

Time stops will be stops you set in view of a predetermined time on a trade.

Undergraduate 2022-03-31 13:25
How To Set A Stop Loss Based On Support And Resistance From Charts

How To Set A Stop Loss Based On Support And Resistance From Charts

A smarter way to determine stops is based on what the chart says. We trade markets, so we may stop based on what the market is showing us.

Undergraduate 2022-03-31 13:12
Setting A Stop Loss Based On A Percentage Of Your Account

Setting A Stop Loss Based On A Percentage Of Your Account

Let's begin with the most fundamental sort of stop loss: the percentage-based stop loss. The percentage-based stop employs a portion of the trader's money that is predefined.

Undergraduate 2022-03-31 13:02
What is a Stop Loss and how does it work?

What is a Stop Loss and how does it work?

The most important obligation you have as a trader is to manage and safeguard your trading capital.

Undergraduate 2022-03-31 12:10
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