Do you Like Multiple trading pairs ?

This is a discussion on Do you Like Multiple trading pairs ? within the Forex forums, part of the Markets category; I trade 15 different pairs as my strategy is fairly selective. I do not trade the JPY pairs as I ...

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Old Sep 28, 2017, 4:55pm   #9
 
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I trade 15 different pairs as my strategy is fairly selective. I do not trade the JPY pairs as I don't like the volatility of that currency. You do have to be careful because the pairs are often correlated and you can get stuck in basically the same trade which increases your risk.
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Old Sep 28, 2017, 5:00pm   #10
 
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Originally Posted by TeslaTraderCo View Post
I trade 15 different pairs as my strategy is fairly selective. I do not trade the JPY pairs as I don't like the volatility of that currency. You do have to be careful because the pairs are often correlated and you can get stuck in basically the same trade which increases your risk.

Where can I get accurate pair correlations? I assume they vary a bit but where are some rough correlations to be found? thanks.
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Old Sep 29, 2017, 2:57pm   #11
 
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I use Oanda.

https://www.oanda.com/forex-trading/...cy-correlation
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Old Sep 29, 2017, 5:49pm   #12
 
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Thank you much! Nice tooll to have
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