Correlation In Forex Trading Pairs

[moonchild]

Its important to understand the correlation in forex pairs, most pairs kind of move the same was, when I was just getting started and I don't know about this, it costs me a lot, I'll enter a trade and I don't know the pair is correlated, and I'll be running in loss on the two pairs which will compound my losses further.

Some important pairs correlation to keep in mind are EU which is EurUsd and GU known as GbpUsd and AU known as AudUsd, these pairs moves the same way, so pay attention to that, if you want to enter you're better off entering one and ignoring the rest.

 

[Asahi]

You can avoid volatility by trading in non-volatile currency pairs. It will keep you on the safe side against crashes because sometimes a single crash can drive them away from the market. In this situation, trading in non-volatile pairs can be a solution to stay out of risk. FXOpulence offers more than 28 currency pairs including crypto, fiats and synthetic indices.