In the previous article, we’ve learned about the concept of correlation. It's time to apply it in trading. You don't need any special skills for this. Once you understand how correlation works, you can put your knowledge into practice, even as a novice trader.
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How to Trade Correlated Currency Pairs in Forex
6:30 AM
Jun 1, 2021
9978
Everything is interconnected in the currency market. Changes in major indicators for one currency affect several trading instruments at once. Moreover, price fluctuations in one currency pair can influence another instrument. These connections are called correlation.
The best Forex exotic pairs to trade
6:10 AM
Jul 10, 2020
9352
Understanding currency pairs is one of the most essential elements in Forex trading. As you know, there are a bunch of various currency pairs like minors, majors, and exotics. In this article, we will share a list of the most popular exotic pairs, and find out what makes exotic currency pairs so attractive for traders.
Is it Possible to Earn Money on Trump's Tweets?
6:37 PM
Jan 24, 2020
10974
When you hear that news has a big impact on the market, you imagine that the news itself has weight. However, it is not. It is the reaction of traders to some events that determine the direction of the Forex market. That is why quotes can be affected not only by the official releases of some important economic news. Today, even social networks can manage the market.
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