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Forex
Correlation In Forex Trading Pairs
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[QUOTE="moonchild, post: 333153, member: 57467"] 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. [/QUOTE]
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