Forex dictionary
Correlation
Measure of the degree to which changes in two variables / assets are connected. The standard measure of correlation is the correlation coefficient, a number between -1 and one that indicates the strength and direction of a linear relationship between two variables. A correlation coefficient of -1 means that they are perfectly correlated negatively. A correlation coefficient of one means that they are perfectly correlated.
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There are many factors that affect exchange rates of currencies. However some are more important in currency trading than others. These are; Interest and Inflation rates, Trade balance, Currency market speculation, Foreign investment and Central bank market intervention. Learn how to use these factors in your forex tra ...
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