
Learn to select profitable forex currency pairs by analyzing currency correlation and relative strength, with a customized currency co-relation report and practical tips to minimize risk and maximize profits.
Identify the most traded major and cross currency pairs, including the eight majors, and learn how correlation among currencies informs selection, volatility, and risk for forex trading.
Explore how currency correlation links currencies and currency pairs and how currency strength shifts drive moves in forex pairs. Identify positive, negative, and neutral correlations and their implications for trading.
Learn about positive correlation in currency pairs, where positively correlated pairs move in the same direction at the same time, with real chart examples.
Explore negative correlation between currency pairs, where prices move in opposite directions, illustrated by EUR/USD and USD/CHF as mirror images with a strong minus correlation near -0.9.
Learn what neutral correlation means for currency pairs, where two currencies move independently with near zero correlation, allowing trading both without doubling risk, while noting that correlation changes over time.
Explore how the correlation coefficient quantifies the strength and direction between forex currency pairs, with values from -1 to 1 indicating positive, negative, or neutral relationships.
Explore how correlation coefficient values reveal positive and negative currency-pair relationships, showing strength through price action patterns and ethical use of correlation with real euro/usd, usd/cad, and euro/chf examples.
Understand that correlation coefficient values between currency pairs vary over time and across timeframes, from daily to quarterly charts, requiring updated currency correlation reports.
Learn to use correlation coefficients to select forex pairs, distinguishing neutral to strong positive or negative correlations, and avoid trading highly correlated pairs simultaneously for risk control.
Learn to read the currency pair correlation report and interpret correlation coefficients. Explore hourly, daily, and weekly charts for twenty-eight currency pairs and use insights to select trades.
Collect daily closing prices for seven major currency pairs over a chosen period, then calculate correlation coefficient values in Excel or Google Sheets and present them in a formatted report.
Learn to calculate correlation coefficients between the seven major currency pairs from closing prices, using the Excel function and the Excel add-in, and interpret the resulting correlation table.
Learn to compute the correlation coefficient for major currency pairs and build a readable cpr report in excel using tables, conditional formatting, and multi-timeframe insights.
Apply relative strength analysis to identify the strongest and weakest currencies, then use correlation insights to select profitable currency pairs and time trades.
Apply relative strength analysis to identify the strongest and weakest currencies using currency indexes, build baskets of currencies, and seek profitable trades when strength inequality exists.
Use individual currency index charts to confirm entries with a price action based strategy, using relative strength analysis to gauge euro and US dollar momentum.
Explore how to select profitable currency pairs using relative strength and correlation analysis, focusing on readable price action, stable spreads, and predictable moves across major and cross pairs.
Course Updated: November-2019
>> This is the only course on the whole internet which talks very detailed about selecting the best and most profitable currency pairs in Forex by using currency pair correlation and relative strength analysis of the currencies.
>> This course is not about a price action based trading strategy where you learn how to make profitable trade entries and exits, rather it's a course on knowing the market you trade and making the best trades by choosing the profitable currency pairs from all the correlated currency pairs in Forex.
>> After completing the course, you will learn how to use currency pairs correlation and relative strength analysis of the currencies with some other tricks, to be able to choose the best currency pair for a trade to gain extra 50 to 60 pips with your existing trading strategy.
>> This is the course, that will dramatically improve your Forex trading and will make you a successful Forex trader. Its a course that every Forex trader should take to turn themselves as a successful Forex trader.
This is a mastery course for both the beginner and advanced Forex traders, who needs to know the currency pairs very well to choose the most profitable currency pairs to trade for maximum profit.
Having good knowledge on currency pair’s correlation and relative strength analysis of the currencies, should be the first priority to a Forex trader, to know their currency pairs very well, to minimize the risks by analyzing the currency pair’s correlation, and maximizing the profits with relative strength analysis of the currencies.
About 80% of the 95% new comer forex traders, they don’t have any good knowledge on the currency pairs correlation, and the risks associated with that, hence they blow up their entire balance for several times, since they trade in every currency pairs whenever they see a trade setup on those pairs, and finally leave Forex trading forever by blaming that Forex trading does not work.
While the truth is, the 5% successful traders makes consistent profit in Forex, because they know how to minimize the risks by trading only a few selected currency pairs.
This is the topic that many newbie traders underrated and thinks is not so worthy to learn. But, the truth is, most of the newbies traders loses most of their trades just because the lack of unawareness of currency pairs correlation.
Everyone is trying to just find a profitable trading strategy, and not very concerned about minimizing the losses and maximizing the profits with the strategy they follow.
But the true fact is that the currency pair selection is as important as it is to having a profitable trading strategy - like swing trading!
So, what are you going to learn in this course and how can this course make a positive impact in your Forex trading?
The course contains 4 main section of related lectures. The sections are -
The basic but most important knowledge-base of currency pair correlation.
The calculation method of your own customized currency pair correlation report.
Profitable currency pair selection method with the relative strength analysis of the currencies.
And some important tips and tricks to gain extra 50 to 60 pips from the selected currency pairs
# We will start the first section of this course by understanding the basics of currency pair correlation and its importance in Forex trading.
The lectures of the first section will teach you about the different types of currency pairs correlations, The danger of not knowing the correlation of currency pairs, better understanding of correlation coefficient values in currency trading, understanding on which currency pairs to trade or avoid based on different currency pair correlation coefficient values, reading currency pair correlation reports, etc.
# Then in the 2nd section, you will learn how to calculate a fully customized currency pair correlation report by your own, so that you can make you trading strategies based on your own currency pair correlation report.
# Then after completing the basic understanding of currency pairs and the impact of their correlation with each other, you will learn the methods of Relative Strength Analysis of Currency Pairs to select the most profitable currency pairs from all the 28 major and their cross currency pairs.
The Relative Strength Analysis of currency pairs is one of the most important technique to choose the best currency pairs to make the most profitable trade entries, and also helps to avoid trading when it is not actually the time of making a trade.
# And then in the 4th section, you will learn some more tips and tricks to choose the best currency pairs and make extra 50 to 60 pips profit from every trade you make in Forex.
In this section, you will discover what important thing you have missed in all these years, and suddenly feel the beauty of choosing the best currency pairs to trade for more profit.
The course contains valuable video lectures, section summaries, downloadable practice materials, and some very important templates to download to take your Forex trading to the next level.
This is the ultimate course that every Forex trader should take to master the currency pairs they trade to get consistent profit in Forex, and hence become a successful Forex trader.
I hope you will enjoy the course and find yourself more confident in trading the currencies by the time you complete the course.