Have you ever noticed that when a certain currency pair rises, another currency pair falls? Somehow, they're all connected.
Currency Correlation Explained
Simply put, currency correlation tells us whether two currency pairs move in the same, opposite, or totally random directions.
How To Read Currency Correlation Tables
Take a look at the strength (or weakness) of correlations between the most popular currency pairs over various time frames!
Are You Doubling Your Risk Without Knowing It?
When you are simultaneously trading multiple currency pairs in your trading account, you should always make sure that you’re aware of your total risk exposure.
5 Reasons Why Factoring In Currency Correlations Help You Trade Better
You’re probably wondering how using currency correlations can improve your trading. Well, wonder no more because we know the answer!
Be Careful! Currency Correlations Change!
Although correlations between currency pairs are strong (or weak) for days, weeks, months, or even years, they may eventually change–sometimes when you least expect it!
How To Calculate Currency Correlations With Excel
You can calculate currency correlations in the comfort of your own home with your favorite spreadsheet application. We’ll teach you how.
Summary: Currency Correlations
Like synchronized swimmers, some currency pairs move in tandem with each other. And like magnets of the same poles, other currency pairs move in opposite directions.
