Trading Market Correlations | Platinum Trading Institute

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FOREX TRADING

• Trading Market Correlations

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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.

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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.

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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.

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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.

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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.