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Correlations
Anggota Sejak Nov 24, 2015
3 pos
Dec 20, 2015 at 11:16
Anggota Sejak Nov 24, 2015
3 pos
I use Oanda on MT4 platform. Using EA'S I designed myself. I discovered and researched currency correlations using the excellent service provided by My FXBook and it is proving a safe way of covering a loss on large news breaks. Definitely worth a bit of research as my trading is getting better (been trading a year with many loses)now small regular gains.
Anggota Sejak Sep 12, 2015
1948 pos
Anggota Sejak Nov 24, 2015
3 pos
Dec 21, 2015 at 07:23
Anggota Sejak Nov 24, 2015
3 pos
Hi Kieran
I monitor here every week(Sunday) and use their tools to select around Eur/usd and the GBP I then study the data using the day selection here https://www.myfxbook.com/forex-market/correlation
Hope this helps I try to use the opposite trades so similar to hedging so far Oanda do not mind me doing this
Dave
I trade H1 and 15 min for news breaks
I monitor here every week(Sunday) and use their tools to select around Eur/usd and the GBP I then study the data using the day selection here https://www.myfxbook.com/forex-market/correlation
Hope this helps I try to use the opposite trades so similar to hedging so far Oanda do not mind me doing this
Dave
I trade H1 and 15 min for news breaks
Anggota Sejak Sep 12, 2015
1948 pos
Anggota Sejak Aug 17, 2021
94 pos
Oct 30, 2021 at 12:59
Anggota Sejak Aug 17, 2021
94 pos
Currency correlations or forex correlations are a statistical measure of the extent that currency pairs are related in value and will move together. If two currency pairs go up at the same time, this represents a positive correlation, while if one appreciates and the other depreciates, this is a negative correlation.
Anggota Sejak Jul 23, 2020
869 pos
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