How to deal with Currency Correlation for Day Traders

Sep 17, 2021 at 14:30
715浏览
6 Replies
会员从Oct 19, 2020开始   3帖子
Sep 17, 2021 at 14:30
What do you think is the best way to deal with currency correlation as a Day Trader due to correlations between pairs changing so much. No one wants to unknowingly double their risk on two or three pairs that's correlated and ends up all hitting your stops because of correlation. Would you prefer to always check the currency correlation table every time before you add a second or third Intra-Day trade or is that too much to do?
Playing great defense over great offence.
会员从Jul 19, 2020开始   788帖子
Sep 19, 2021 at 00:50
I think the correlation is a myth. Each currency moves at its own pace so no correlation is required.
会员从Oct 16, 2020开始   137帖子
Sep 21, 2021 at 11:33
Currency correlation is definitely a thing. Some currency pairs are related in value and move together.
会员从Jul 23, 2020开始   759帖子
Nov 11, 2021 at 13:05
Forex traders will use currency correlations to either hedge their trades, increase their risk or use it for creating value.
会员从Jul 23, 2020开始   869帖子
Nov 11, 2021 at 15:01
When actually placing a trade, consider whether the markets are currently correlated, whether one market leads another, and whether the price is diverging.
会员从Jul 23, 2020开始   869帖子
Nov 11, 2021 at 15:02
When actually placing a trade, consider whether the markets are currently correlated, whether one market leads another, and whether the price is diverging.
会员从Oct 19, 2020开始   3帖子
Nov 12, 2021 at 06:48
LyudmilLukanov posted:
When actually placing a trade, consider whether the markets are currently correlated, whether one market leads another, and whether the price is diverging.
I fully agree.
Playing great defense over great offence.
登录 / 注册 to comment
You must be connected to Myfxbook in order to leave a comment
*商业用途和垃圾邮件将不被容忍,并可能导致账户终止。
提示:发布图片/YouTube网址会自动嵌入到您的帖子中!
提示:键入@符号,自动完成参与此讨论的用户名。