oussama94
05-29-2017, 00:42
When trading the ** market, one of the most important facts to
remember is that the price action of each currency pair is not
mutually exclusive. In many cases, foreign economic conditions,
interest rates, and price changes affect much more than just a single pairing.
Everything is interrelated in the forex market to some extent, and
knowing the direction and how strong this relationship is can be used to
develop effective trading strategies and has the potential to be a great trading
tool. The bottom line is that unless you only want to trade one currency
pair at a time, it is extremely important to take into account how different
currency pairs move relative to one another. To do this, we can use
correlation analysis.
remember is that the price action of each currency pair is not
mutually exclusive. In many cases, foreign economic conditions,
interest rates, and price changes affect much more than just a single pairing.
Everything is interrelated in the forex market to some extent, and
knowing the direction and how strong this relationship is can be used to
develop effective trading strategies and has the potential to be a great trading
tool. The bottom line is that unless you only want to trade one currency
pair at a time, it is extremely important to take into account how different
currency pairs move relative to one another. To do this, we can use
correlation analysis.