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Correlation is nothing more than taking two different things, and proving they are related in one way or another. Sales of ice cream and high tempratures are obviously co-related in the fact that as tempratures go up, people are more than likely to purchase ice cream.
Francis Galton, who created the primace of a mathematical formula for co-relation, first found a relationship between forearm length and a person’s height. Shortly thereafter, “Pearson’s Correlation Coefficient” was born, and can be applied to a wide variety of numbers to mathematically prove what is closely related:
1. Years of education and salary have been proven to be correlated — on average, the longer your education, the higher the salary. These two sets of numbers - education and salary - are correlated.
2. Graph (wife-husband.jpg) shows a wife’s age has a strong correlation to a husband’s age. The higher the husband’s age, on average, the higher the wife’s age as well. These two sets of numbers - a wife’s age and a husband’s age - are correlated.
3. The hotter the temprature outside, the less amount of clothes people will wear to counteract the heat. These two sets of numbers - temprature and amount of clothing worn - are correlated.
It is easy to pick out what can be correlated, and if you think about it, it is ALL over the place.
Amount of hours worked and paycheck size is correlated, amount of time spent in a gym vs muscle size is correlated, and even amount of carbohydrates eaten and the resulting energy level is correlated as well.
Every single one of these examples can be mathematically “proven” using the “Pearson’s Correlation Coefficient” mentioned above.
Once you run the numbers through the calculation for the two different things you wish to compare, you get a number that is between -1 and +1.
The closer to +1, the stronger they are POSITIVELY correlated (meaning one set of numbers goes up, the other goes up as well — like the example of a wife’s age and a husband’s age — they both go up at the same time, therefore they are POSITIVELY correlated).
The closer you get to -1, the stronger they are NEGATIVELY correlated (meaning one set of numbers goes down and the other goes up — like the example of the temprature going up, and the amount of clothing worn goes down — these two are NEGATIVELY correlated).
The closer you get to 0, the weaker the correlation.
So literally — 0.98 on this scale is 98% positive correlation. That means, roughly 98% of the time, they move the same direction as eachother.
Inversely, -0.87 would be an 87% negative correlation. This means that roughly 87% of the time, they move in the OPPOSITE direction of eachother.
But how does this apply to currency trading?
In the same way that we can determine the similarities between ice cream sales and hot summer months, we can determine similarities between two different countries’ currencies.
One currency can be heavily dependant on other currency, meaning when one goes up, the other will go up (or down) to follow. Lets take the EUR/USD and the GBP/USD for example.
They both are based on the US Dollar, and both are European currencies. That, coupled with other fundamental factors means they are strongly correlated. In this case, one goes up, there is a high probability that the other will as well.
For example, take a look at the chart (corr-example.jpg). The charts look extremely similar, though one is the GBP/USD chart, and the other is the EUR/USD chart.
Remember, the Pearson’s Correlation Coefficient is a measure, from -1 to +1, of the correlation strength..+1 being a strong positive correlation (one will follow the other), -1 being a strong negative
If you were to run the two currencies through the Pearson’s Correlation Coefficient stated above, the EUR/USD and the GBP/USD have over a 0.9 correlation, meaning over 90% of the time, these currencies will follow eachother!
As another example, take a look at the second chart (corr-example-neg.jpg). These charts look like mirror images of eachother. They are in fact the EUR/USD and the USD/CHF.
These two currencies have a super negative correlation of about -0.98. This means that 98% of the time, if the EUR/USD goes up, the USD/CHF will go down!
How can I make money from this?
Well, remember, in the above section, I just showed that I can prove MATHEMATICALLY which currency pairs will follow eachother, and which ones will look like “mirror images”. But if you look very closely, you will notice very small differences between the two example charts, even though they look very very similar.
As an example, the corr-example-neg.jpg chart shows a move, from one edge of the chart to the other in the EUR/USD chart of about 37 pips.
However, the chart just below it, which is the negatively correlated USD/CHF chart, only shows a move of about 23 pips. There is a difference in the two moves of 15 pips (37 pips in the EUR - 23 pips in the CHF). So, we KNOW they move in the same way, and we KNOW that it isn’t always by the same amount. We can literally pocket the 14 pips difference.
Let’s use the corr-example-neg.jpg chart for a trading example.
If you were to have an indication of the EUR going up, but you didn’t know by how much (which is one of the biggest pitfalls of trading), you would then buy both the EUR/USD and the USD/CHF.
Since they are inversely correlated, we already know one is going to go up and one is going to go down…so we know we are going to lose on one currency, and gain on the other. The key is to know which currency is stronger (we have indicators in the course for that).
Back to the corr-example-neg.jpg trading example:
EURUSD BUY 1.4585 (far left side of the chart)
- at the same time we put on a USDCHF BUY 1.0359 (far left side of the chart)
When we get to the right hand side of the chart:
The EUR is now at 1.4622, for a gain of +37 pips
The CHF is now at 1.0336, for a loss of -23 pips
For a NET GAIN OF +14 total pips.
BUT I can hear you saying “but what if you picked the wrong direction??”
Here’s how we get our trades wrong, because no system is 100% correct. But you have to think about it like this…if we had not created the correlation trade, and just traded the EUR, we would have lost a whole lot more money.
Lets assume, in this same example, we SOLD both currencies instead of bought — we picked the wrong direction.
The EUR would, instead of gaining +37 pips, lost -37 pips.
The CHF would, instead of losing -23 pips, would gain +23 pips.
So, instead of losing a full 37 pips in our EUR trade, by taking the correlation trade instead, we only lost 14 pips. We just saved ourselves 38% of the money we WOULD have lost if we did not take the correlation trade.
===
How else do you trade correlation?
Our other method involves the difference in spread of the two currencies. In the above example, at the end of the chart, the currencies are 14 pips apart from eachother from where we started at the beginning of the chart. Remember, that is how we made our money.
So, on EACH CANDLE, we figure out how far they are apart from eachother, and plot that value on a price chart. The price chart ends up looking like picture pricechart.jpg. This picture is of a “synthetic pair”..a cross between EURUSD and GBPUSD.
THIS IS A METATRADER CHART. I created my OWN chart with this data, and you can apply ANY indicator or system to this chart!! This is very important..it is a standalone chart. You can literally TRADE on this chart as if it were it’s own pair..so we’ve created NEW currency pairs!
This chart looks like a normal chart, but that is about 2 days worth of trading candles, and a move of 645 total pips. Pretty sizeable move.
Anyways, this is nothing more than the difference of the two currencies. As this chart goes up, it simply means that the EURUSD is separating from the GBPUSD. As the chart goes down, the GBPUSD is going back towards the EURUSD.
So, going back to the original theory, we simply buy one and sell the other based on our indicators (trend, counter trend, and breakout) on this chart. And when trades are made on this chart, we simply buy one currency and sell the other (all outlined in the course).
Correlation Chart Benefits:
- More volatile..tends to move more than either of the pairs by themselves
- More predictable..trends are more defined and go longer and counter trends are more obvious
- Jumps..have seen jumps of over a thousand pips in any given week, and 400-500 pips (or more) in any given day.
===
To wrap it all up, correlation has been around for a long time, but has just recently been applied to trading. ForexImpact has taken it a step further, giving traders the ability to trade BRAND NEW PAIRS created by the differences in correlated pairs, giving the trader an almost unfair advantage by trading in a way that has been previously unavailable.
Even those users who do trade on correlation in the forex already will not have these brand new charts created by us! Trade safer, smarter, and in a different way!
For more information on Correlation: Check out Forex Correlation Code
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The Forex Correlation Code Review
What’s SO sexy about it is that correlation is an undiscovered yet UBER powerful way of trading the markets. In a nutshell they’ve have developed thier own platform that actually creates fully tradeable “synthetic pairs” like the GBPUSD/EURUSD and the system profits off of the discrepancies between them.
It’s extremely powerful, totally unique and will dazzle you.
More Review Detail Coming Soon!
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- Correlation - A reciprocal relation between two or more things.
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Fap Turbo Swiss
The guys who is the author of Fap Turbo is going to launch a new edition of Fap Turbo called Fap Turbo Swiss on 30th June 2009. Forex Turbo was a huge success with over 40.000 copies sold and is up to date the BEST SELLING Forex product on clickbank but they mention thta Fap Turbo Swiss is going to change that:)
What Fap Turbo Swiss Is All About?
This forex robot is NO METATRADER 4 EA but a robot programmed fromt he ground upt hat works in unision with the dukascopy brokerage.
It has been designed such that the user needs absolutely no experience or knowledge of Forex trading - a “Plug & Play” concept. They have ensured that the only thing the user needs to know is how to download a file - from that point onward, everything is taken care of for them.
In Fap Turbo Swiss, they have have forged an alliance with one single broker Dukascopy. Why is this special?
Click Here To Check Out Fap Turbo Swiss
Advantages of Dukascopy:
- Swiss Accuracy: SWFX - Swiss Forex Marketplace Platform has been designed for highly accurate instant execution exclusively for professionals.
- Dukascopy offers some of the best spreads available in the market (0.5 - 1 pip on Majors) thanks to the worldwide liquidity generated by the active participants.
- Dukascopy (Suisse) SA is registered in Switzerland and is submitted to Swiss laws.
Fap Turbo Swiss Features
Here are some features of Fap Turbo Swiss:
- Dukascopy deals just with huge clients and their marketplace has been designed for high performance, lightning fast execution.. the stuff only banks used to trade with. This elevates our winning formula to new heights and a cash growing stability that is unheard of. A Level of professionality you could never reach with the metatrader 4 plattform that was designed to fit the needs of many brokerages and therefore
- Fapturbo based Winning Engine
- Fapturbo has proven its ground and system for months of profitable trades. We actually trade over a million usd in capital with this robot and have finetuned the scalping style to fit the dukascopy plattform resulting in an awesome performance
- Additional Tweaking and Optimization was performed to ensure maximum quality
- Partial Fills – no more offquotes/requites.
Unlike Metatrader brokerages, Dukascopy offers almost unlimited liquidity. This is Very important once you hop over the magical 50.000-100.000 usd trading barrier? Not with Dukascopy 
The mone hortingwill just keep going and NOT slow down..
- 3 currency pairs!
Click Here To Check Out Fap Turbo Swiss
Fapturbo Swiss Edition is a 3 in 1 robot. It will trade the EURGBP. EURCHF and the USDCAD pairs with maximum performance. The fully revamped Fapturbo code gives new life to the USDCAD pair
- Low and reasonable spreads during Asian session
- One Robot – One Broker. Period.
No more hussles to find a broker to rely on. No more Brokerage switching opening closing, opening closing…
- No more Metatrader Lags and Execution delays
The DUkascopy marketplace is very stable and executes your orders at lightning fast speeds. The delay is minimal and allows Fapturbo Swiss edition to work just like it would in dmeo mode. It will boggle your mind how fast you will see the profits rolling in.. actually within minutes after the install process!
- True Interbank Environment - > no dealing desk tricks and spread-price manipulation.
Dukascopy is a broker that wants yout os ucceed. Unlike other brokerages it features a real interbank environment and earns just by charging comissions for trades and NOT for winning ont rades that you loose.
- The Robot is working directly with the Dukascopy SWFX 3.0i FX Marketplace Terminal
There is no need for any trade copiers, bridges or 3th party software converting solutions that never work. This is the first true SWFX 3.0i Robot available on the market
- Automated installer and Easy Guide
The setup is childsplay. You download the files execute them.. watch the automated configuration process for 1-2 minutes and you are ready to make money!
- Video Tutorials and How to Install step by step guide
Original Fapturbo owners already know.. They offer step by step video tutorials that take you by hand guiding you trough the really simple setup process and answer every question that you might have. A forum helps to exchnage ideas with other fellow traders. Help is available on multiple fronts, via E-mail Phone Forum, video tutorials and so much more. You will never feel alone
Limited Copies For Fap Turbo Swiss
Steve the product owners say that they are going to be a limited number of copies to be sold so if you are thinking of gettting one. You need to hurry or else when you visit the page you will see a big SOLD OUT!
Click Here To Check Out Fap Turbo Swiss
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“Imagine A System So Robust & Powerful It Can Instantly Identify Winning Trades, Transforming You Into An Expert In Every Market Condition No Matter WHAT Your Current Level Of Experience Is…GUARANTEED!”
If you’ve been looking for more information about Triad Trading Formula, or even just a way to make good money on the internet, then Triad Trading Formula may have crossed your path before today. Now it’s time to see if all those bold promises on their sales page truly add up…
Triad Trading Explained
[See post to watch Flash video]
CLICK THE PLAY BUTTON TO VIEW THE VIDEO!
Click Here To Find Out More About Triad Trading Formula
What Is Triad Trading Formula
Basically, Triad Trading Formula is a system that was developed by the creators of ForexImpact. From my research the ForexImpact is one of rare trustworthy forex courses available online.
They’ve developed Triad Trading Formula to be a course where you’ll learn to use advanced trading strategies. Honestly I’ve never seen a program that would be THAT intense.
It might even be too much for some people. That is the only negative point I can think of for Triad Trading Formula.
Thing is, it’s 6 weeks long training full of real strategies backward engineered from real successful trades. For this time round beside the 6 weeks long training, you are going to get a physical package of Triad Trading Formula.
Even though it is in my opinion one of the best systems that are currently available I still think it might not be for everyone because of the price. But if you could afford it then go ahead and invest it.
Unlike with many Forex products out there, every step has been taken to ensure it meets the highest quality standards.
So I would highly recommend you Triad Trading Formula
Click Here To Find Out More About Triad Trading Formula
Triad Trading Formula Bonus
To sweeten the deal, I decided to offer 2 very special bonus if you are the first 10 customers to purchase Triad Trading Formula from the link below:
Bonus #1 - Forex MegaDroid ($97 Value)
This is a brand new forex software that being launch just last month. It is currently selling at $97. You can check out more about Forex MegaDroid here.
Bonus #2 - Suprise Bonus
How To Claim Your Bonuses
Step#1: Clearing Your Cookies
Firefox Users:
* Go to Tools
* Go to Options
* Go to Privacy and then Private Data
* Click “Clear Now”
* Check “Cache” and “Cookies” and then “Clear Now”
* Click “Clear Private Data Now”
Internet Explorer 6 Users:
* Go To Tools
* Go to Internet Options
* In the “General” tab (default) and under “Browsing History”, click “Delete”
* Click “Delete Files” under “Temporary Internet Files”
* Click OK and then OK again.
Internet Explorer 7 Users:
* Go To Your Control Panel
* Go to Internet Options
* Under “Browsing History”, click “Delete”
* Click “Delete Cookies” under “Delete Cookies “
Step #2: After clearing your cookies, please purchase the Triad Trading Formula at this link or by clicking the add to cart button below.
Step #3: Forward your receipt to getyoursupportonline@gmail.com to claim your bonus.
Note: Forex Megadroid will be send to you once the refund period is over.
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Here Is The Essential Bonus Video Which Expands On Your Cheat Sheets!
Click Here To Find Out More About Triad Trading Formula
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Last week I share with you all a groundbreaking trading reports I have come across in over 7 years. It is called called “60:30:10 Principal“. If you have not check out the Triad Trading Formula Report Post.
It was downloaded over 21500 times the very first day it was released!
Today, the author of that report and highly respected trader and educator, Jason Fielder, has raised the bar even higher.
He has just released his own personal forex scalping “Cheat Sheets” that reveal several legitimate “loop holes” in the markets.
Jason literally “cracks the code” with his brilliant approach to scalping, and he is actually giving away 4 different systems on how he does it…
But only for a few days.
=> Click here to get your free cheat sheet
As a full time trader myself, just about every new trading system, report, or high end strategy comes across my desk…on a pretty much daily basis.
So you can imagine how unusual it is for one to actually stand out.
Jason’s scalping “Cheat Sheets” are without a doubt a very notable
exception.
=> Click here to get your free cheat sheet
The cheat sheets will reveal when the best times to scalp are (they are NOT when you think) and the times to avoid.
Plus you will discover how to break the market down into several “micro-markets” and trade each one accordingly.
Go grab your copy, they are short, to the point, and they will give your trading an instant bump.
PS: Grab a copy while you still can, because Jason was very specific when
he told me he isn’t leaving the page up very long.
=> Click here to get your free cheet sheet
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Forex Managed Account
Do you want to enter the extremely profitable world of forex trading but don’t want to go about with the complexities and technical details of it? Then what you have just been looking for is a forex managed account.
Having this genius account, you can skip the basics of forex trading and forget about the terms used in it like the charts, indicators, and other technical details.
As the word implies, forex managed account is simply a foreign exchange market that is managed by a professional trader, paid by the investor to make lots of profits.
With a forex managed account, beginner traders don’t need to do the hard work since this system will take care of them.
There are basically two kinds of forex managed account.
The first is the automated account or the robot. This is a totally automatic program designed to do all the trades, monitor trading activities, and make sound trading decisions.
Click Here For Your Fap Turbo System
This is created by experienced traders and is sold to investors for simplicity. With this automated forex managed account, the complicated world of forex trading is made simple. Even those who do not have basic learning about the ins and outs of forex trading, everything can be easily grasped with a forex managed account.
One good thing about automated or forex managed account robot is that, it lacks instinct. This evades one from experiencing emotional stress in making trades or prevents someone from taking advantage of your weakness. The second type of forex managed account is the employee who is hired by the investor.
This trader is someone that is professional, successful, and is well experienced in forex trading. He is the one that makes trades for the investor and makes everything possible to make staggering profits. This type of forex managed account is as good as the robot. This is for the fact that the robots are designed by a professional trader.
So now that you are given distinction between the two types of forex managed account, it is now time to whether pick the robot or a professional trader. But before you decide, the first question that you should be answering is – why you need a forex managed account?
Why can’t you just trade for yourself? Well, the prime reason why you need a forex managed account is that, trading in the forex market is hard work and not everybody can do that and can succeed. To make sure that you can manage wisely your trades, having a forex account is a must.
According to statistics, about 90%-95 % are new traders thus without the right education and experience, you will lose quickly in the very competitive world of forex market. Since getting proper forex trading education is also costly, it is better to invest in a forex managed account to start a successful venture in the forex market.
With a forex managed account, you can have a peace of mind on your investment. Not only that, with a forex managed account, you can do trades even when you are away and unable to do the actual monitoring of forex trade activities.
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Hey fellow traders, just want to let you know that Jason Fielder from Triad Trading Formula has just released a special report titled “The 60:30:10 Principle“. He is giving away for free for a limited time.
In my previous post, if you have miss it, I have also written a review in his upcoming product that is going to be launched.
You can check out Triad Trading Formula Review here.
Click Here To Get The Free Report
Here is what you going to learn in this groundbreaking report:
- What the “60:30:10 Principle” is and how understanding it can DOUBLE your trading accuracy overnight…
- Two (2) tested and proven “counter-trend” strategies for profiting during sideways markets that you can use IMMEDIATELY to “legally steal” pips from the market over and over again (while most traders are sitting on the sidelines)…
- That there are actually only three separate market conditions that EVER exist. You’ll learn how to identify them and more importantly how to successfully profit during each of them as soon as you’re aware they exist…
- My insanely profitable “Stack the Deck” technique that allows me to use “predictable moments of opportunity” (or PMO’s) to sky-rocket my accuracy and shatter any doubt when ever I “Pull The Trigger”
- And much, much more…
In addition, he is going to give away a BONUS which is access to 3 private trading videos where you can see the “60:30:10 Principle” in action on some real-world trading scenarios.
As I mentioned, this is complimentary only for a limited time, the download page will come down real soon!
Click Here To Claim Your FREE Report!
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Automated Forex System Trading
In the world of forex trading, the hottest issue is whether or not automated forex system trading will turn the conventional approach of trading upside down. Amazingly, the potential of this system is just commendable.
Through its automated process, forex trading transactions can be done in real time. Though manual systems also yield good results, but nothing can give such benefit to its traders than an automated forex system trading.
In this system, all trades can be done in just a matter of milliseconds, which is a big plus points against manual systems. With an automated forex system trading, traders are given greater diversification which means that you can make trades in various markets at different time zones at a time.
In definition, automated forex system trading is the ability to trade forex with the use of a trading program or a forex trading robot. This means that trades can be executed even without human intervention. There are generally two categories of automated forex system trading.
One is the automated forex trading via managed forex. Some forex managed accounts are traded through automated forex system trading. In this system, the trading is passive, which means, you do not have to personally do the trades. Here, the trading program or robot is the one which executes the trades rather than a human team.
The next automated forex system trading category is when you program your own or other’s forex system using programming and automatic trading abilities.
A drawback about this category is that, you got to program and design a system to match your forex trading needs, which can be tiresome and complicated.
There are various advantages of automated forex system trading. First and the most obvious, you do not need to physically execute the trades. Second, automated forex system trading allows you to make trades at anytime of the day or night.
This is advantageous especially when trading opportunities occur at time when the traders is asleep or doesn’t have the time to rush to the computer. Here, the system is available 24 hours a day.
Third advantage is that, automated forex system trading has the ability to trade multiple systems. Examples of these are the systems that depend on diverse types of indicators or in which trades are done in shorter or longer time frames.
This streamlines your equity curve and eliminates drawdown. Fourth advantage is that, the automated forex system trading system is not influenced by the trader’s psycholog, which almost always result to systems not being traded properly.
And lastly, automated forex system trading allows the development of new systems that may be tough for humans to trade.
The benefits of automated forex system trading can only be fully enjoyed if you have chosen a real lucrative forex system which has acceptable drawdown, an automated forex system trading that is not just purely mechanical but is fully programmable to suit your criteria, and you fully understand that either active trading or automated trading, you still have to monitor the automated forex system trading performance.
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FX Currency Trading
Today, one of the most raved about trading market is the fx currency trading. This is for the fact that this currency trading market opens the gate of investment opportunities for all. Whether you are a beginner trader or expert trader, the fx currency trading is open for you.
Before, the forex market is only limited to big time firms, multi-millionaires, and reputable financial institutions. But things have changed with the advent of the internet.
Today, almost everyone, from common people to big time firms, individuals, and institutions, all can access the online fx currency trading market and make money in just a click of their mouse.
Learning fx currency trading not only brings you to incredible and very lucrative investment opportunities, but you are also given the power to create a much more diversified investment portfolio for yourself.
If you are new in the world of fx currency trading market, you will be surprised on how it is so easy to double your money by investing wisely and trading currencies. The fx currency trading market is open 24 hours a day so the opportunity for earning and gaining massive profits is large. With the advancement of technology, currency trading is made so easy that investors could even delve their hands into the forex currency.
When investing in fx currency trading, the prime goal is to hold a currency that will yield high over other currencies that you trade. To be successful, it is a must that you are well oriented on how the market works and how the trend changes. You gains are highly dependent on your level of skill.
Without proper know-how, don’t expect to see very viable results in your fx currency trading venture. For a beginner that still lacks skill, making huge profits in fx currency trading can be quite impossible. Thus, it is a must to gain full knowledge on how the market works to optimize your profits.
The prime reason why traders and investors fail to squeeze out massive profits in fx currency trading is that, they fail to apply accurate measures to what is demanded by the market. It should be known that fx currency trading market is not as easy as some are saying it is.
Yes, it can be easy to some that are well experienced in trading currencies, but for beginners, it is a tough world and a high level of expertise is necessary to succeed.
The only thing that makes sense in fx currency trading is that, with a high level of skills applied, the higher level of profit can be gained.
Because fx currency trading is proven to be a very lucrative market, more and more individuals are showing great inclination to it.
For beginners, to be successful in fx currency trading market, it is a must to avoid day trading system. Doing so, it is definite that you will do well. But like any other business that you can venture on, the most important thing in fx currency trading is to get the right education, a good system that is easy to use and comprehend, as well as the right broker.
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