28 October 2020,15:00 IST (GMT+5.30)
When we trade forex, we are effectively trading the currencies of the respective countries which have an intrinsic correlation to various fundamental factors. Different fundamental factors will influence the price of a currency & vice-versa. As technical traders, we must be aware of these correlations & use these factors to determine the expected price movement. In this session, you will learn about the correlations between certain currency pairs, as some currency pairs exhibit similar movements, while some have opposing movements. You will also learn about correlations between certain currency pairs and other financial markets like commodities and equities, as they tend to influence each other. We will then look at examples to help you understand how to use various correlations to your advantage.