Need advice on forex trade 

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Cornelius
Posts: 36

Joined: 1/24/2021
Topic  Need advice on forex trade       Flag »  Reply »
Need advice on forex trade. Is there a relationship between the growth of currency pairs and indexes?
  Sunday, July 25, 2021 at 5:30:27 PM
Hampt
Posts: 35

Joined: 1/25/2021
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Of course there is, Indices Specification https://fbs.eu/en/trading/specs/indices allows you to make the right forecast for changing the currency pair. If the DE30 index grows, and the US500 falls, then this indicates that the euro / dollar schedule will also grow.
  Sunday, July 25, 2021 at 5:33:36 PM
coye
Posts: 11

Joined: 1/26/2021
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Before answering the question it's important how currencies are actually valued https://www.independentinvestor.com/forex/how-currencies-are-valued/. The value of any currency (against other currencies) depends on the economy of that currency not on stock market.
As mentioned above, there's a relationship but it's not as clear as it may seem. The reason is simple, for example FTSE100 is loaded with mining and other commodity companies which don't have much to do with the UK economy; thus British economy might be weak but the index might grow.
  Saturday, December 4, 2021 at 2:46:52 PM
togolese273
Posts: 11

Joined: 1/14/2022
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Wonderful illustrated information. I thank you about that. No doubt it will be very useful for my future projects.

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  Tuesday, May 31, 2022 at 3:25:57 AM
consuelafox
Posts: 19

Joined: 5/31/2022
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You can get an addition insights if you read this 5 types of information in CRM that help your business grow that you can find in the Fazzaco site. It will be a great help if you are just starting to trade.
  Tuesday, June 28, 2022 at 11:56:58 PM
JacobGates
Posts: 3

Joined: 6/29/2022
Reply  Re: Need advice on forex trade Flag »  Reply »
The study of currency-commodity correlations isn't a precise science. Correlations can break down and even reverse for long periods of time. Often, they do. Traders need to be on the lookout for new trading opportunities by keeping an eye on correlations. Monitoring charts and correlation indicators are two methods for accomplishing this. Divergences can last for a long time, so traders need to be prepared to wait for the commodity and currency to align in their respective trends. Countries' exports and imports may shift over time, affecting the strength of relationships. The choice of whether to trade currencies, commodities, or both is also critical to making a profit. phoodle
  Wednesday, June 29, 2022 at 12:35:09 AM

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