Correlation explained A Correlation refers to a statistical relationship, which shows the independence of two variables. During the years 2007 to 2008, traders started to realize the importance of correlations between forex and other asset classes. They realized that it was important to watch other markets as well. Presently, traders use correlations extensively to forecast … [Read more...] about Think You’ve Found a correlation in Forex Market? 4 Questions To check if its reliable for trading
NZD/USD Introduction A forex trader is, essentially, one whose understanding of the forex market is above par. It includes good knowledge of individual currencies that make up currency pairs. Such information is critical when creating winning forex trading strategies. From the foregoing, the New Zealand dollar (NZD) is a significant currency – which is to say it one among … [Read more...] about What Moves Currency Pairs: Understanding the NZD/USD?
It’s important for a trader to examine, conduct research, and understand as many trading approaches as possible. This helps them in the adoption and incorporation of one that’s really suitable for their trading style. There are primarily seven setups that are extremely useful when it comes to technical analysis. No matter which trading approach one takes, a trader should always … [Read more...] about Top Fundamental Setups: Sunday Gap
Before entering the world of forex trading, you need to know the evolution of trading. By doing this, you can fully understand the evolution of the global monetary system, the history of currency markets and currency trading, and different types of the algorithm that operate in currency markets. A Short History of Currency Trading The business of forex trading has … [Read more...] about To Algo Trading From Telephone Lines. How Forex Trading Evolved
Taking a look at the participants and understanding the microstructure of forex markets is very important for investors and traders. Having an idea about the different counterparts in the forex market is as important as learning about the similarities and differences between different fiat currencies. The various players include entities such as banks, hedge funds, corporations … [Read more...] about Forex Market Players