@fx.strategies: Trading correlated pairs is one of the mistakes that you are doing! If two pairs correlate on specific time frame, they are having the same structure. Based on the statistical advantage of the structure, both of them will have almost the same potential outcome. Meaning if you take two trades on two correlates pairs, both of the trades are likely to end the same, either both winning or both losing. If you risk 1% on each trade, you are basically risking 2% total because of same potential outcome. In order to avoid double risk trades, you should know how pairs correlate on real live data. That's where FastBull.com helps us to identify the correlated pairs, positively or negatively with our chosen pair for trading so we know at what specific time frame we have a correlation.

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Wednesday 14 August 2024 13:36:46 GMT