Alpha Circle Nsukka | Charts, Psychology & Market Discussions

So when we talk about correlation

Correlations means when two pair move in the same direction

We have two types

Positive and negative correlation

Positive correlation Two pairs move in the same direction.

Examples:

EUR/USD and GBP/USD

AUD/USD and NZD/USD

If EUR/USD rises, GBP/usd is likely to rise too.

Negative correlation Two pairs move in opposite directions.

Examples:

EUR/USD and USD/CHF

GBP/USD and USD/JPY (often)

If EUR/USD rises, USD/CHF is likely to fall.

More lessons coming up 🚶🚶🚶🚶📈

Yeah you are right but am not concluding, but the market shapes you by making you pay for every single mistake you make with a dollar

BREAKING: 🇺🇸 Federal Reserve leaves interest rates unchanged, remains at 3.50% - 3.75%.

@WatcherGuru

FOMC effect of Gold; big fall but big opportunity to go long if you want to take risk

This fomc is the first time David wash will be speaking his intention from my source if rate hike were to surface then market will be bearish for risk asset like btc including xau ...

Most likely news fill gap at times before continuing the trend

Just wait for the news to settle, till tomorrow if theres a break below the level I marked and then hold till tomorrow then there's likely a more downside for gold

Shey na tinubu abi na Gold wreck me like this

God where are you 🙏🏻 😭😭😭

Asin ehn guy

Because you won't learn unless you have experienced it

You see risk management, discipline, patience and consistency

Yeah that's it you can't learn from someone else's experience but yours and it's worth some dollars for the experience, that's what makes Forex more interesting