This is a powerful knowledge for those who trade more than one currency pair. It helps to hedge, diversify or double profitable forex correlation strategy. A correlation of zero means no relation between currency pairs exists.
Information about current correlation coefficients can be found here: Currency Correlations Table. How a trader can use this information? A very simple use is avoiding trades that cancel each other. However, there is a strategy of hedging one currency pair with another.
For example, a trader has opened long positions on both currency pairs. What is quantf research FOREX Correlations all about? An important concern of many investors is spotting new opportunities, either for growth or for protection of existing positions. Therefore, the quantf research FOREX Correlations product analyses the correlation levels among common FOREX currency pairs. Why are quantf research FOREX Correlations important? Having an idea of how FOREX currency pairs correlate with one another is an invaluable tool for trading. How do I read the quantf research Min.
FOREX Correlation Selections and Sample Min. FOREX currency pairs that present the minimum correlation. The correlation coefficient is estimated using the recently introduced methodology of . For comparison purposes the relevant Min. Should I invest in the quantf research Min. The correlation estimates provided by quantf research are intended to help investors in their trading decisions. In the quantf research FOREX Correlations section of the quantf research website we do not provide a forecast estimate of the future movement of pairs.
How do I read the quantf research Max. FOREX Correlation Selections and Sample Max. FOREX currency pairs that present the maximum correlation. For comparison purposes the relevant Max. Should I invest in the quantf research Max.