pairs which are strongly correlated (for example eurusd, usdchf and usdnok you must anticipate the fact that if one of the positions reaches its stop-loss, then the other two are very likely to also be loss-making positions. If you're happy with this continue to use our site without changing settings, or find out how to manage cookies. To learn more click here. Modification of the market, a modification of the correlation, principally over the long-term, may demonstrate that the market is undergoing a change. CFDs, MT4 hedging capabilities and leverage ratios exceeding 50:1 are not available to US residents. Click on the various currency pairs to generate their respective charts below the main currency.
For example, it enables us to know whether two currency pairs are going to move in a similar way or not.
Type in the correlation criteria to find the least and/or most correlated forex currencies.
Information on this website is general in nature. All other trademarks appearing on this Website are the property of their respective owners. How is it calculated? Financial spread betting is only available to oanda Europe Ltd customers who reside in the UK or Republic of Ireland. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. This is for general information purposes only - Examples shown are for illustrative forex trading auf deutsch purposes and may not reflect current prices from oanda. We recommend that you seek independent financial advice and ensure you fully understand the risks involved before trading. 77 of retail investor accounts lose money when trading CFDs with this provider. A correlation close to 0 shows that the movements in the two currency pairs are not related.