Penelope Hughes

February 20, 2020

How does correlation strategy work? πŸ‘¨β€πŸ’Ό

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Correlation Strategy works because often markets do not trend in the same direction; it makes no difference whether it is currencies, raw materials or Indexes.

When using correlation theory it is best to separate your trades into two parts. This helps to minimize risk and capture the gains from the asset that moves most.

There are a few advantages and disadvantages when using correlation theory. One advantage is it can be applied to any type of financial asset. It is also a very efficient strategy when you use it with two accounts instead of just one.

There are also some disadvantages to using it. Correlation strategy is not an independent main strategy to use by itself; you have to use other strategies to support it. But even though it is a secondary strategy, it can still be a very useful one. It is very good at helping a trader at doing operations when the time comes. Once you learn how to use it, when done correctly it is said to be almost 90% accurate.

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