I’ve been working on it lately with fxview and xtb. What I’ve noticed is that taking the short position on the over-performing asset and a long position on the under-performing one once they deviate from their correlation, works just fine.
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Can Tik Tok mess up Forex?
- Thread starter terrifrancis
- Start date
so you’re saying there’s no correlation between the economy and stock market?That’s true, financial markets are surely inter dependent. What I find hard to digest is that the shape of the economy does not always have its impact on the market!
Yep, stocks aren’t the economy. So, even if you use the equal-weight measure for S&P500 and don’t adjust the inflation, there isn’t any correlation between the market and the GDP.so you’re saying there’s no correlation between the economy and stock market?
Is it beneficial if I chart the important indexes of each market and for a comparatively longer time frame?I follow the correlation indicators and monitoring charts for doing so. Is there any other approach?
You can and in fact of what I know, you’ll be able to determine the relationship between the market and whether the movement in one market is against or supporting each other.Is it beneficial if I chart the important indexes of each market and for a comparatively longer time frame?
I always chart the instruments to gain a perspective of whether or not the market is reaching a turning point on the weekly or monthly basis.
Yeah the success rate increases if we’re able to find the turning points on the longer time frames, and then switch down to shorter time frames just to fine tune the entry.I follow the correlation indicators and monitoring charts for doing so. Is there any other approach?
I place the first trade at the fibonacci level as indicated on the longer term chart. In case this strategy falls, there’s always a second opportunity for a pullback or testing the support level.
Forex trading is not a game that anyone can play. Every trader needs to do their own share of research and practice to execute profitable trades.
I don’t think you should be worried about what unreliable Tik Tokers and YouTubers have to say about forex trading. They are there to gain followers and for that, they create content that can attract more viewers with forex trading being one of them. Don’t bother!