Thread: Define correlation
#1
I want to know that idhar Bitcoin is correlated with any other cryptocurrency or not if the correlation with some other currency exist then please let me know which is at where and what is the reason of the correlation I will wait for your response..
thank you very much
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#2
In my opinion, the most likely correlation is between crypto with USD. Why is that ?, because USD is still an international currency, so the comparison is easy to do.
If the USD falls against other currencies, and the USD is adversely affected by the sentiment of the country, investors will choose other investment instruments including crypto currencies.
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
#3
In my opinion, the most likely correlation is between crypto with USD. Why is that ?, because USD is still an international currency, so the comparison is easy to do.
If the USD falls against other currencies, and the USD is adversely affected by the sentiment of the country, investors will choose other investment instruments including crypto currencies.
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
#4
Currency correlation tells forex traders whether two currency pairs move in the same,
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
#5
Forex Correlation, like other types of correlations, is a term designated to signal correlation between two of the pairs. When two sets of data are strongly linked together, we say that they have a high correlation. When pairs move in the same direction, they have a positive correlation.
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
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