Ultimate Guide for Currency Correlation(CC)in forex trading
Slam to all forex Members Umeed karta hun k tamam traders kheriat sy houn gey and forex par achi learning karny k sath sath achi trading bhi kar rahy houn gey , kyun k without learning k ap bilkul bhi trade nae kar sakty . Aj ka mra topic boht he important ha tamam members k liye .
Definition Currency Correlation .
Dear Members Financial world mein correlation two currencies ky darmeyaan statistical measure ko kehty hein , jab aik currency pair move karta hai tou us ka kitna affect kisi dusry pair py hota hai jo us currency pair sey related hai .
Explain Correlation in Trading.
Friends Jab forex market kay chart mein two currencies ka apas mein correlation hota hai ya jab chart pay two pairs same direction mein run karty hein tou usy positive correlation kehty hein . And jab woi pairs aik dusry kay opposite run karty hein tou unko negative correlation kehty hein .
Importance of Currency Correlation.
Friends World ki currencies ka correlation bilkul normal hai jesy kay ham Candian doller (CAD) ki bat karty hein jis ka correlation oil price sey hai . Australian doller (AUD) ka correlation New zeland (NZO) say hai aur us k sath gold and cruide bhi is sey related hein . Correlation ki range -1 or +1 k darmeyaan hoti hai . Perfect correlation means k currencies k two pairs 100% aik direction mein move karty hein .
Conclusion .
Dear friends Agar two currency pair ka correlation zero hai tou it means k wo apas mein independent hein and aik pair ki movement sey dusry pair ki movement par asar nae parta aur dono ki movement random hoti hai . Correlation In ko two currencies k bech statistical measure ko kehty hein .
Definition Currency Correlation .
Dear Members Financial world mein correlation two currencies ky darmeyaan statistical measure ko kehty hein , jab aik currency pair move karta hai tou us ka kitna affect kisi dusry pair py hota hai jo us currency pair sey related hai .
Explain Correlation in Trading.
Friends Jab forex market kay chart mein two currencies ka apas mein correlation hota hai ya jab chart pay two pairs same direction mein run karty hein tou usy positive correlation kehty hein . And jab woi pairs aik dusry kay opposite run karty hein tou unko negative correlation kehty hein .
Importance of Currency Correlation.
Friends World ki currencies ka correlation bilkul normal hai jesy kay ham Candian doller (CAD) ki bat karty hein jis ka correlation oil price sey hai . Australian doller (AUD) ka correlation New zeland (NZO) say hai aur us k sath gold and cruide bhi is sey related hein . Correlation ki range -1 or +1 k darmeyaan hoti hai . Perfect correlation means k currencies k two pairs 100% aik direction mein move karty hein .
Conclusion .
Dear friends Agar two currency pair ka correlation zero hai tou it means k wo apas mein independent hein and aik pair ki movement sey dusry pair ki movement par asar nae parta aur dono ki movement random hoti hai . Correlation In ko two currencies k bech statistical measure ko kehty hein .
