🔽 Check asset correlations 🔼

🔴 It can help you identify good trades when used to your advantage.. Correlation is a statistical relationship between two assets.. For example, the Canadian dollar tends to positively correlate with oil prices.. This means they often move together, while negative correlation means assets tend to move in opposite directions, and a good example of this is the US dollar and gold.

♻️ Knowing these correlations and understanding their impact on your trading and using them to your advantage can give you the edge you need to become more successful as a trader.

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