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Trading Market Correlations | Platinum Trading Institute

Platinum Trading Institute will present the market Forex Correlation Strategy and By using Forex Correlation properly, can change your trading forever and you can use them to your advantage. Visit our site: www.platinumtradinginstitute.com/<br>

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Trading Market Correlations | Platinum Trading Institute

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  1. FOREX TRADING Trading Market Correlations

  2. Forex Correlation Strategy • Focus more on the educational side of Correlation Trading Strategy. PTI present the market Forex Correlation Strategy and you can use them to your advantage.

  3. How to take advantage from Forex Correlation trading Strategy? • On any particular day, you should never have more than 2 trades per currency pair. • If you do have, you are not being selective enough. One of the most annoying habits of retail traders is sitting in front of their desktops 24/7.  We call this  “the need to place a trade.” • This is when you take trade after trade and you revenge trade and your account become a total mess. • You should never take more than 2 trades per currency pair in a day. • A good way for you to learn to be more “picky” on your trades is to understand market Forex Correlation. This concept, when understood and used properly, can change your trading.

  4. Example The Gold / Yen Forex correlation: Gold is by far one of the favorite trading instruments in the precious metals family and is very well known for its status as a safe haven asset. There is no doubt Gold is a market which attracts a lot of attention. What escapes the knowledge of many retail traders, is that Gold is positively correlated with the Japanese Yen.

  5. Why is it?  The Yen and Gold to move closely together because the dollar-yen exchange rate is driven by a similar underlying force as the Gold: Real interest rates.

  6. THANK YOU. If you are a new trader and would like to learn how to trade, then sign up today to our 2-day free Foundation to Forex Trading Course.

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