Trading Market Correlations | Platinum Trading Institute - PowerPoint PPT Presentation

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Trading Market Correlations | Platinum Trading Institute

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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/ – PowerPoint PPT presentation

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Title: Trading Market Correlations | Platinum Trading Institute


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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