We found 11 online brokers that are appropriate for Trading Currency Correlation Investment Platforms.
A currency Correlation analysis is one of the most important tools used in the Forex market. It compares two variables and gives an overall rating called p-value. A higher p-value means there is strong evidence for the existence of a relationship, which indicates that a pair is strongly correlated. Correlation does not imply a high or low probability of a link, it simply measures the strength of the relationship. A low correlation means there is very little evidence to support the existence of a relationship, or the relationship is very weak.
Currency Correlation Analysis has two major uses. The first is to give traders a better understanding of the market so that they can make better trades. The second is to aid in the identification of entry and exit points for trades and the amount of time that it will take for an entry and exit to occur. Because of this importance of currency correlation analysis in forex trading, it is often used alongside other technical indicators.
Currency correlation is a statistical measurement of the extent to which two specific currency pairs will move together in price over time. In essence, it is the number of times that a currency pair will move with respect to another in relation to its price. The correlation may be positive or negative, with higher values indicating that there is a relationship between the currencies. While this might not sound very complicated, understanding what correlation means can help you determine when to enter or exit a market.
A high correlation indicates that there is strong support for the two currencies, and low values indicate weak support. If we look at this from an investment standpoint, if there is high correlation, then it would be wise to purchase the currency pairs that have the highest values, as the amount of support for the currency pair is strong and therefore possible to make a substantial profit should the currency pair fall to the ground. However, if there is low correlation, then it would be wise to avoid the currency pairs which have the lowest values, because in this case it is likely for the value of the corresponding currency pair to fall to the ground. Essentially, the idea is to determine where a breakout is going to occur, and from there to exit before the price falls too far.
In order to determine the level of correlation, it is often necessary to look at the historical data for the particular currency pairs. The correlation coefficient of the two pairs completely depends on the actual movements of the underlying portfolio of investments. Thus, if you want to get a better picture of how correlation is related to the strength of the correlation coefficient, then it is best to analyse the past performance of the market.
Understanding currency correlation allows investors to predict the movement of currency prices. Correlation is the tendency for prices to move in a predictable and correlated fashion. When there is a gain, then prices go up (if they are increasing). When they are falling, then prices decrease (if they are decreasing).
There are two types of currency correlation - positive and negative. Positively correlated pairs move together in a systematic fashion. For example, two pairs that have a positive correlation will tend to make money consistently. A negatively correlated pair will tend to lose money consistently.
How do you know if a currency correlation is negatively or positively correlated? You can look at the history of the particular pairs that is being traded. If many of them traded very similarly, then they would most likely follow the same trend. If you find that there are large amount of losses over a long period of time for a specific pair that has a negative correlation, then you can be reasonably sure that this is a strong trader that will continue to make trades similar to those that have lost money.
A high probability free trade areas trading strategy can be defined as one that maximises the occurrence of high price fluctuations between currencies. For this strategy to work, it is important that traders take note of signals that indicate the formation of high price areas. For instance, if the price of the Australian Dollar is going up, then traders can expect an Australian Dollar buyback from the United States Dollar. This can be done using a powerful price divergence indicator. However, because all prices are influenced by global economics, a correlation is not the only requirement for a high probability Forex trade areas trading strategy.
Price charts using candlestick charts can be used to reveal strong currency correlations. Correlation can be visualised using the slope of the price lines connecting the highest priced currency pair to the lowest priced currency pair on the same chart. Another strong indicator of currency correlation is the strength of the current price against the future price. A positive correlation between two currencies means that the current price will increase in relation to the selling price and vice versa. For instance, if the Japanese Yen has been rising against the Dollar, it is a sign of the potential strength of the Japanese economy. Conversely, a negative correlation means that the Japanese Yen is declining against the Dollar. This suggests a drop in the interest rates in Japan and a potential economic recession in Japan.
We have conducted extensive research and analysis on over multiple data points on Currency Correlation to present you with a comprehensive guide that can help you find the most suitable Currency Correlation. Below we shortlist what we think are the best Currency Correlation Investment Platforms after careful consideration and evaluation. We hope this list will assist you in making an informed decision when researching Currency Correlation.
Selecting a reliable and reputable online Currency Correlation Investment Platforms trading brokerage involves assessing their track record, regulatory status, customer support, processing times, international presence, and language capabilities. Considering these factors, you can make an informed decision and trade Currency Correlation Investment Platforms more confidently.
Selecting the right online Currency Correlation Investment Platforms trading brokerage requires careful consideration of several critical factors. Here are some essential points to keep in mind:
Our team have listed brokers that match your criteria for you below. All brokerage data has been summarised into a comparison table. Scroll down.
When choosing a broker for Currency Correlation Investment Platforms trading, it's essential to compare the different options available to you. Our Currency Correlation Investment Platforms brokerage comparison table below allows you to compare several important features side by side, making it easier to make an informed choice.
By comparing these essential features, you can choose a Currency Correlation Investment Platforms broker that best suits your needs and preferences for Currency Correlation Investment Platforms. Our Currency Correlation Investment Platforms broker comparison table simplifies the process, allowing you to make a more informed decision.
Here are the top Currency Correlation Investment Platforms.
Compare Currency Correlation Investment Platforms brokers for min deposits, funding, used by, benefits, account types, platforms, and support levels. When searching for a Currency Correlation Investment Platforms broker, it's crucial to compare several factors to choose the right one for your Currency Correlation Investment Platforms needs. Our comparison tool allows you to compare the essential features side by side.
All brokers below are Currency Correlation Investment Platforms. Learn more about what they offer below.
You can scroll left and right on the comparison table below to see more Currency Correlation Investment Platforms that accept Currency Correlation Investment Platforms clients.
Broker | IC Markets | Roboforex | eToro | XTB | XM | Pepperstone | AvaTrade | FP Markets | EasyMarkets | SpreadEx | FXPro |
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Regulation | Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) | RoboForex Ltd is regulated by the FSC, license 000138/437, reg. number 128.572. RoboForex Ltd, which is an (A category) member of The Financial Commission, also is a participant of its Compensation Fund | FCA (Financial Conduct Authority) eToro (UK) Ltd (FCA reference 583263), eToro (Europe) Ltd CySEC (Cyprus Securities Exchange Commission), ASIC (Australian Securities and Investments Commission) eToro AUS Capital Limited ASIC license 491139, CySec (Cyprus Securities and Exchange Commission under the license 109/10), FSAS (Financial Services Authority Seychelles) eToro (Seychelles) Ltd license SD076 | FCA (Financial Conduct Authority reference 522157), CySEC (Cyprus Securities and Exchange Commission reference 169/12), FSCA (Financial Sector Conduct Authority), XTB AFRICA (PTY) LTD licensed to operate in South Africa, KPWiG (Polish Securities and Exchange Commission), DFSA (Dubai Financial Services Authority), DIFC (Dubai International Financial Center), CNMV (Comisión Nacional del Mercado de Valores), KNF (Komisja Nadzoru Finansowego), IFSC (Belize International Financial Services Commission license number IFSC/60/413/TS/19) | Financial Services Commission (FSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC) | Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), Federal Financial Supervisory Authority (BaFin), Dubai Financial Services Authority (DFSA), Capital Markets Authority of Kenya (CMA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of the Bahamas (SCB) number SIA-F217 | Australian Securities and Investments Commission (ASIC), ASIC (406684), Financial Services Authority (FSA), South African Financial Sector Conduct Authority (FSCA), Financial Stability Board (FSB), The Financial Services Agency (JAPAN FSA), Financial Futures Association of Japan (FFAJ), Abu Dhabi Global Markets (ADGM), Financial Regulatory Services Authority (FRSA), Polish Financial Supervision Authority (KNF), Israel Securities Association (ISA), British Virgin Islands Financial Services Commission (BVI), BVI (SIBA/L/13/1049), Central Bank of Ireland | Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), FSCA (FSP Number 50926), Capital Markets Authority (CMA), Securities Commission of the Bahamas (SCB) | Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), British Virgin Islands Financial Services Commission (BVI) | Financial Conduct Authority (FCA) | Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Financial Sector Conduct Authority (FSCA), Securities Commission of the Bahamas (SCB) |
Min Deposit | 200 | 10 | 100 | No minimum deposit | 5 | 200 | 100 | 100 | 100 | 1 | 100 |
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Used By | 180,000+ | 1,000,000+ | 30,000,000+ | 1,000,000+ | 10,000,000+ | 400,000+ | 300,000+ | 10,000+ | 142,500+ | 10,000+ | 1,866,000+ |
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Platforms | MT4, MT5, Mirror Trader, Web Trader, cTrader, Windows, Mac, iOS, Android | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | MT4, Mirror Trader, Web Trader, Tablet & Mobile apps | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps | MT4, MT5, TradingView, DupliTrade, myFXbook, Mac, Web Trader, cTrader, Tablet & Mobile apps | Web Trader, MT4, MT5, AvaTradeGo, AvaOptions, DupliTrade, ZuluTrade, Mobile Apps, ZuluTrade, DupliTrade, MQL5 | MT4, MT5, cTrader, IRESS, Mac, Web Trader, Tablet & Mobile apps | MT4, MT5, Web Trader, TradingView, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | MT4, MT5, cTrader, Tablet & Mobile apps |
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Risk Warning | Losses can exceed deposits | Losses can exceed deposits | 76% of retail investor accounts lose money when trading CFDs with this provider. | 76-85% of retail investor accounts lose money when trading CFDs with this provider. 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. 72.89% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. | 75-95 % of retail investor accounts lose money when trading CFDs | 71% of retail investor accounts lose money when trading CFDs with this provider | Losses can exceed deposits | Your capital is at risk | Losses can exceed deposits | 75.78% of retail investor accounts lose money when trading CFDs and Spread Betting with this provider |
Demo |
IC Markets Demo |
Roboforex Demo |
eToro Demo |
XTB Demo |
XM Demo |
Pepperstone Demo |
AvaTrade Demo |
FP Markets Demo |
easyMarkets Demo |
SpreadEx Demo |
FxPro Demo |
Excluded Countries | US, IR, CA, NZ, JP | AU, BE, BQ, BR, CA, CW, CZ, DE, ES, EE, EU, FM, FR, FI, GW, ID, IR, JP, LR, MP, NL, PF, PL, RU, SE, SJ, SS, SL, SI, TL, TR, DO, US, IT, AT, PT, BG, HR, CY, DK, FL, GR, IE, LV, LT, MT, RO, SK, CH | ZA, ID, IR, KP, BE, CA, JP, SY, TR, IL, BY, AL, MD, MK, RS, GN, CD, SD, SA, ZW, ET, GH, TZ, LY, UG, ZM, BW, RW, TN, SO, NA, TG, SL, LR, GM, DJ, CI, PK, BN, TW, WS, NP, SG, VI, TM, TJ, UZ, LK, TT, HT, MM, BT, MH, MV, MG, MK, KZ, GD, FJ, PT, BB, BM, BS, AG, AI, AW, AX, LB, SV, PY, HN, GT, PR, NI, VG, AN, CN, BZ, DZ, MY, KH, PH, VN, EG, MN, MO, UA, JO, KR, | US, IN, PK, BD, NG , ID, BE, AU | US, CA, IL, IR | AF, AS, AQ, AM, AZ, BY, BE, BZ, BT, BA, BI, CM, CA, CF, TD, CG, CI, ER, GF, PF, GP, GU, GN, GW, GY, HT, VA, IR, IQ, JP, KZ, LB, LR, LY, ML, MQ, YT, MZ, MM, NZ, NI, KP, PS, PR, RE, KN, LC, VC, WS, SO, GS, KR, SS, SD, SR, SY, TJ, TN, TM, TC, US, VU, VG, EH, ES, YE, ZW, ET | BE, BR, KP, NZ, TR, US, CA, SG | US, JP, NZ | US, IL, BC, MB, QC, ON, AF, BY, BI, KH, KY, TD, KM, CG, CU, CD, GQ, ER, FJ, GN, GW, HT, IR, IQ, LA, LY, MZ, MM, NI, KP, PW, PA, RU, SO, SS, SD, SY, TT, TM, VU, VE, YE | US, TR | US, CA, IR |
You can compare Currency Correlation Investment Platforms ratings, min deposits what the the broker offers, funding methods, platforms, spread types, customer support options, regulation and account types side by side.
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We have listed top Currency Correlation Investment Platforms below.
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