The Idea of Cross Market Correlation? There’s a simple theory behind the idea of correlation trading. There is often one or more than one underlying factor that drives markets simultaneously. This means the markets are interconnected giving traders an improved chance forecasting forex. Correlation trading uses both macroeconomic and microeconomic factors that explain … [Read more...] about Cross Correlation In Forex Trading
Passive Income in Trading: Is it Possible? Passive income refers to regularly generated money that requires minimal effort from the recipient to maintain and earn it. Passive income includes gains on stocks, commodities, interest, capital gains and lottery wins, etc. In the context of trading, passive income involves purchasing or creating an asset that offers value … [Read more...] about Automated Trading or Managed Accounts: Pros and Cons
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
Price Action Trading Bar by Bar Price action trading is a methodology for speculating the financial market that consists of the basic price movement analysis across time. Many retail traders, institutional traders, and hedge fund managers use price action trading to predict the future direction of the financial market quotes or security. To put it simply, price action is … [Read more...] about Price Action Trading: How To Perform Bar-By-Bar Analysis
DXY, also known as the US Dollar Index, measures the US dollar's strength against a basket of six major currencies. It is a trade-weighted index calculated using the exchange rates of the British Pound, Euro, Canadian Dollar, Japanese Yen, Swedish Krona, and The Swiss Franc. The Euro exchange rate accounts for the most significant share of the US Dollar index value at … [Read more...] about US Dollar In Forex Trading: Do You Take It Seriously?