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How to Understand Currency Correlation | FOREX 

Iliya Sivkov - Trading Fanatic
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Hello traders! Glad to see you here!
In this video, I will share some details on Forex correlation and how I use it. It is very simple and it's a great additional knowledge to possess whilst watching the Weekly outlook and setups! Understanding how each pair affects the others is a crucial skill to develop, so I really hope this video will be enough to showcase that!
If you need any help or you want me to analyze another pair, create a specific video on a topic or anything else, please make sure to hit me a message or leave a comment! I really hope you will enjoy the content and will implement some of the details I mention!
I wish you an amazing week full of profits and high-quality trades! Stick to your plan and be disciplined!
Iliya Sivkov
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DISCLAIMER:
This video expresses my personal opinion only. Trading the financial markets involves risk and is not suitable for all investors. Before deciding to invest in foreign exchange or another financial market, you should carefully consider your investment objectives, level of experience and risk appetite. I am not responsible for any losses incurred due to your trading or anything else. I do not recommend any specific trade or action, and any trades you decide to place are your own.
#forex​ #forextrading​ #forexanalysis

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16 окт 2024

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Комментарии : 216   
@imuneztfx
@imuneztfx 3 года назад
Market Structure Free Course is simply excellent and so exciting. No equal. Just 25% into it and sooooooo much value. Thanks.
@TradingFanatic
@TradingFanatic 3 года назад
Ahhh I am sooo glad to hear brother!! And this course is just scratching the surface!
@GodOfCrypto
@GodOfCrypto 3 года назад
Can you tell me how to access that course?
@saheedbello6346
@saheedbello6346 2 года назад
A very underrated video thank you so much, your videos have really changed how I trade and your free course is awesome
@TradingFanatic
@TradingFanatic 2 года назад
I am really happy you are gaining value from all I offer, Saheed! Keep up the work brother!
@peipewde6988
@peipewde6988 6 месяцев назад
The power of this lesson not just how to take a trade with more confirmation , but also use it ti determine the price action of the markt in indirct way, bc sometimes u r not sure if the market has changed char or not using this lesseon will be a huge tool that gonna help , thank u so much just bought a golden burger in dubai from the money i earned from ur lessons ❤
@DiamondChrisOGfx
@DiamondChrisOGfx 5 месяцев назад
After 3 years of struggling building my strategy I finally found the missing piece. Lemme say this boost me up that I'm on the right track with my trading journey. I have almost grasp on this concepts but no much confidence but now I'm 100% confidence. This video will help and change your mindset in trading if you're just a beginner in trading
@tolgatrades
@tolgatrades 2 года назад
This is also a very important video about the ''behaviors'' of the pairs. I always have heard from professional traders that we should be aware of the behavior of the market we trade. I am sure that to have a very good knowledge about correlations will help the overall understanding of the FOREX behavior. THANK YOU1!!!!!
@Ili-ot6fq
@Ili-ot6fq Год назад
This is a master at his work
@SKyloRenTrades
@SKyloRenTrades 3 года назад
I recently just understood currency correlation but this just took it to the next level 👏🏽🤩🤯 Thanks Iliya! ☺️
@TradingFanatic
@TradingFanatic 3 года назад
Amazing!! Really happy to hear!!
@mrmustang6977
@mrmustang6977 3 года назад
Yeah i hoping the same as a newbie, any hints ?? Would be appreciated
@avedon13
@avedon13 3 года назад
Thank you very much for showing us how to use the forex pairs correlation. I attended several Forex training but no one shows me this thing. More power and May God bless you always!
@TradingFanatic
@TradingFanatic 3 года назад
You are always very welcome! I am really happy you found value from the video!
@EmmanuelItuen
@EmmanuelItuen 2 года назад
I just finished the course and am going through it from the beginning again.......it's awesome 💥💥💥💥
@TradingFanatic
@TradingFanatic 2 года назад
Amaaazing to hear! Super happy about that! Keep covering it and applying the knowledge onto your charts!
@NiranjanGautam909
@NiranjanGautam909 2 года назад
After watching all videos This is the most comprehensive video regarding forex correlations on RU-vid. Period.
@TradingFanatic
@TradingFanatic 2 года назад
I am really happy to hear this, Thebus! Really means a lot!
@jyotishmankalita.1754
@jyotishmankalita.1754 3 года назад
So Mesmerized and loved the simplicity
@TradingFanatic
@TradingFanatic 3 года назад
I am really happy to hear!
@tolgatrades
@tolgatrades 2 года назад
Another WowWowWow, totally new subject to me and IT'S SO GOOD. So nice to see and put one more layer into the understanding of this business. Thank you! Will be diving into more and more, maybe even putting the pair correlations rules on my wall!
@DownTownSurr
@DownTownSurr 2 года назад
Started this playlist and so far am so convinced am turning into a gen
@shaquilleadams1798
@shaquilleadams1798 Год назад
This adds so much confluence to your trading with the direction of the correlated and non corrected pairs ty
@219Wizard
@219Wizard 2 года назад
Thank You For Teaching Me Something New! I’m Very Appreciative And Will Study/Rewatch This Lesson
@davidibiyemi1308
@davidibiyemi1308 9 месяцев назад
Fantastic, thank you very much Sir for this enlightenment
@sebakamartinthedonavann
@sebakamartinthedonavann 2 года назад
Thanx,bro I wish u may add some for stock ,commodities and any other lists u may possibly have knowledge about.
@TradingFanatic
@TradingFanatic 2 года назад
I will do so, Sebaka! Soon!
@MASHYLAJPONCE
@MASHYLAJPONCE 3 года назад
Thank you now i understand how to trade.becoz of your teaching sir,!
@TradingFanatic
@TradingFanatic 3 года назад
I am happy to hear!! Let's crush it!
@naamalgunawansa3398
@naamalgunawansa3398 2 года назад
Thank you for introducing correlation and sites like FX street, Finviz, Metaf.
@TradingFanatic
@TradingFanatic 2 года назад
Always welcome! Hope the tools will be beneficial for you!
@user-kv8ce1sd8f
@user-kv8ce1sd8f 2 месяца назад
Good evening sir Please send me website for finviz, fxstreet and mataf.
@militsadimitrova4459
@militsadimitrova4459 3 года назад
Delivered as promised! So much golden value for free!
@TradingFanatic
@TradingFanatic 3 года назад
Thank you sooo much!
@fredokyere
@fredokyere 3 года назад
Free market structure course.. Beautiful... Much love from this side of the world.
@TradingFanatic
@TradingFanatic 3 года назад
Lots of love for you, Fred! I hope you will enjoy it!
@sheillamoraa9467
@sheillamoraa9467 3 года назад
Thanks alot learning daily.
@TradingFanatic
@TradingFanatic 3 года назад
Glad to hear that! Keep hustling!
@GardenCatsTV
@GardenCatsTV Год назад
❤ The power point presentation
@davetrent6262
@davetrent6262 3 года назад
The table at the end is just what I needed. Is there a similar on for cryptos?
@TradingFanatic
@TradingFanatic 3 года назад
Hmmm I am not sure about cryptos. They all move the same and follow BTC, don't they haha?
@ndifrekejacob3800
@ndifrekejacob3800 10 месяцев назад
Thanks alot , your explanation is great but please make your write up more clearer so that we can see it better, thanks 🙏
@kevinabraham4818
@kevinabraham4818 3 года назад
Thanks bro...i lost a trade on EurJpy today but after watching this video i understood why.
@TradingFanatic
@TradingFanatic 3 года назад
Really happy that you got your mistake, Kevin!! Onto the next trade!
@AZekO7
@AZekO7 8 месяцев назад
enjoyed the video, so much valuable info. Thank you
@tonyj797
@tonyj797 3 года назад
Glad I found this guy!!!
@TradingFanatic
@TradingFanatic 3 года назад
I am so happy to have you, Antonio!
@peterakinbinu3387
@peterakinbinu3387 3 года назад
Hello, great video really learnt alot and will put into practice and my trading strategy the correlation links. But i want to ask, the PowerPoint notes that you created and explained from, are they available for download?
@chipz4realz695
@chipz4realz695 3 года назад
This video was much needed. Been using mataf for a while and this clears things up
@TradingFanatic
@TradingFanatic 3 года назад
Amazing! Really happy to hear it is helpful!
@tolgatrades
@tolgatrades 2 года назад
Just as he says in the very first minute; if you have a deep understanding of price action and market structure, you will understand the correlation, you will see where indicators will go. I started to believe that I think as retail traders the best way is to find our edge is PA and Market Structure. And guys, I come from indicator based trading, Iliya changed my mind!!!! Thank you bro!!!
@chilufyamichael13
@chilufyamichael13 Год назад
Lovely. Also make a video on fundamental analysis
@TradingFanatic
@TradingFanatic Год назад
Okay, I can touch on that. What exactly do you want to know?
@chilufyamichael13
@chilufyamichael13 Год назад
How to trade non farm pay roll and CPI
@BirdNerdPhyqun
@BirdNerdPhyqun 9 месяцев назад
sir is it great to monitor all (or atleast a good no of) the forex pairs to assume whats happenning in the fx market at a large, have seen some proffessional stock or forex traders speculate on a hugh amount of assets then pick a suitable one to trade
@BirdNerdPhyqun
@BirdNerdPhyqun 9 месяцев назад
wow really glad i stummbled on your channel, reall insightfull videos
@DeSilver215
@DeSilver215 3 года назад
Great video! Thanks so much for sharing. Do you have any correlation tools with cryptocurrency and hard currencies?
@TradingFanatic
@TradingFanatic 3 года назад
You are very welcome, David! Thank you for the feedback! I am afraid I do not have a tool for Crypto. Thanks for that idea I will definitely do a little search on it! It's interesting to find if FIAT and Crypto currencies are correlated!
@sebakamartinthedonavann
@sebakamartinthedonavann 2 года назад
Much appreciated,for all that u share to us ,knowledge is power..
@otr6003
@otr6003 3 года назад
Letssss goo my brother 🔥🔥🔥🔥 I been waiting on this
@TradingFanatic
@TradingFanatic 3 года назад
Let's get itttt my man!!!
@btc2021.
@btc2021. 3 года назад
Awesome video i didnt know about this before, thanks man
@TradingFanatic
@TradingFanatic 3 года назад
I am really happy that you learned something bro!
@btc2021.
@btc2021. 3 года назад
@@TradingFanatic i decided to literally watch every video on your channel ,awesome content . And those weekly analysis are so so useful. Thanks again for everything
@burabarinalelo5498
@burabarinalelo5498 2 года назад
Thank you for the incredible information! Keep it up man!
@TradingFanatic
@TradingFanatic 2 года назад
I will for sure do brother! Thank you for the feedback!
@calebndunda8167
@calebndunda8167 Год назад
Very helpful video.
@TradingFanatic
@TradingFanatic Год назад
Glad to hear, Caleb!
@calebndunda8167
@calebndunda8167 Год назад
@@TradingFanatic Would like to go through your other trading learning material.
@hai.1820
@hai.1820 Год назад
Have you ordered for madre? 😀 Btw, very very informative. Thank you!
@TradingFanatic
@TradingFanatic Год назад
LOL! Thank you, Hai! Glad you loved it.
@lesley58
@lesley58 3 года назад
Hi Illiya...Thank you for introducing us to the currency correlation table. However, I was requesting if you could have a presentation based on this table. For example, I find a currency to be more than 80 and positive, say on the left hand side of the table. But then moving to the right the very same currency is 75 and negative. I get confused in interpreting this way. That is why I request that maybe you give us a presentation based on this table. I would really appreciate it. Regards
@Dihogold
@Dihogold Год назад
Mannnnnn What a Video xD THX so Much!
@MissyGrafe
@MissyGrafe Год назад
what a cool ideas about binary options... thank you for sharing
@ShivanshSharma-cp2wf
@ShivanshSharma-cp2wf 5 месяцев назад
do you recommend trading minor pairs or just major pairs are fine
@user-oe9cw8kg6o
@user-oe9cw8kg6o 3 года назад
Thank you so very much!!!
@TradingFanatic
@TradingFanatic 3 года назад
You are very welcome!
@rakibul_hasan8807
@rakibul_hasan8807 3 года назад
Amazing lecture...
@TradingFanatic
@TradingFanatic 3 года назад
Thank you, Rakib!
@phillyphilly552
@phillyphilly552 2 года назад
Nice contents..😎 pls can you do a video of best Gbp pairs to trade and why.. thanks 🙏🏼
@TradingFanatic
@TradingFanatic 2 года назад
Thank you, Philly! It's a good idea! Will take it into consideration!
@adanang5754
@adanang5754 3 года назад
You the best so far ..Thumbs up
@TradingFanatic
@TradingFanatic 3 года назад
Hehe thank youuu so much!
@peterakinbinu3387
@peterakinbinu3387 3 года назад
Also i want to ask, what stock do we look out for in the stock market that influence some of the pairs to move as well. Thanks
@sebakamartinthedonavann
@sebakamartinthedonavann 2 года назад
Hi hi lliya,the fact that am asking you to possibly provide us with other information regarding market corrolation in particular with different assets classes,eg stock,indecies,commodities etc etc,is that u find sometimes that if u have more trades with dollar(usd’s),the disadvantage being that when fundamentals broke ,u find yourself being sort of failing to do some kind of risk management,having more than three trade in EUR and four in usd’s.thanx
@kamaloyetade3517
@kamaloyetade3517 3 года назад
great work there, pls hw can i get the minor currency correlation chart?
@TradingFanatic
@TradingFanatic 3 года назад
Thanks Kamal! The minor currency chart is on mataf.net . Make sure to check the links in the description.
@SA-cm3ui
@SA-cm3ui 5 месяцев назад
Thank you !!!
@alikingdom5802
@alikingdom5802 3 года назад
amazing tips bro thanks for sharing your precious knowledge whit us wish you health and happiness looking forward to see more awesome educational videos from you ...❤
@TradingFanatic
@TradingFanatic 3 года назад
Thank you so much for the lovely feedback, Ali! I am doing my best to share more brother! Be blessed!
@daisison5829
@daisison5829 2 года назад
hey illiya thank you so much i really wanted to ask how i can make up the DXY on my chats
@tonyj797
@tonyj797 3 года назад
This guy is Legit man💥💥💥🤟🏻👌🏼
@TradingFanatic
@TradingFanatic 3 года назад
So happy you think so brother!!
@chrisfisher6624
@chrisfisher6624 3 года назад
I just want to thank you so much for this video. thank you thank you thank you
@TradingFanatic
@TradingFanatic 3 года назад
You are so welcome! So happy it was helpful!
@muhammadalipkk1992
@muhammadalipkk1992 3 года назад
Thanks bro please continue to upload these types of video every week 😉 thanks again
@TradingFanatic
@TradingFanatic 3 года назад
I am giving my best brother!
@muhammadalipkk1992
@muhammadalipkk1992 3 года назад
@@TradingFanatic no doubt
@owaisali8325
@owaisali8325 3 года назад
excellent strategy
@TradingFanatic
@TradingFanatic 3 года назад
Yesss!
@mohanmk7552
@mohanmk7552 3 года назад
Tnk you friend with shering for us
@TradingFanatic
@TradingFanatic 3 года назад
Always welcome!
@Shrexx03
@Shrexx03 4 месяца назад
GU and EU is also strongly correlated too right? fix me if im wrong. "EUR/USD and GBP/USD | As mentioned, these two pairs have a strong positive correlation due to ties between the economies of each." - gulugulu
@TradingFanatic
@TradingFanatic 4 месяца назад
Yes absolutely! They are positively correlated and also as you mention - strongly correlated. It's true!
@Shrexx03
@Shrexx03 4 месяца назад
@@TradingFanatic wow, thanks for the fast reply! also is there a new version of you explaining this?
@YouAreCRonaldo
@YouAreCRonaldo 3 года назад
you are the mann!!!!... How many more beers can you take my brother?.. I know you have nailed it even before i watch it!!!
@TradingFanatic
@TradingFanatic 3 года назад
Ahhhh Kelvin, I would get drunk soon ;) ! Thank you so much for always beeing here!
@stackavelifx1040
@stackavelifx1040 2 года назад
God bless u man..this is priceless
@TradingFanatic
@TradingFanatic 2 года назад
Thank you so much brother! Means a lot! Happy you found value from the video!
@lungelwedube2692
@lungelwedube2692 3 года назад
Thank you Iliya
@TradingFanatic
@TradingFanatic 3 года назад
You are always welcome!
@BusingeFrank
@BusingeFrank Год назад
Great content bro
@antonellavassallo1343
@antonellavassallo1343 Год назад
thank you so much for this video
@TradingFanatic
@TradingFanatic Год назад
You are so welcome! What's your conclusion after watching it?
@antonellavassallo1343
@antonellavassallo1343 Год назад
@@TradingFanatic that’s very important to now the correlation of a pair when you are going to trade, for me it’s important what’s happening with the correlation between DXY and EURUSD when I am goin to trade it’s help you to make the probable best choice when you entry the market
@tradingsecrets-1
@tradingsecrets-1 2 года назад
thank you very much
@TradingFanatic
@TradingFanatic 2 года назад
You are always very welcome!
@akaboris6720
@akaboris6720 Месяц назад
​@@TradingFanatichi excellent content, I would like to have the link of the site where I could download this correlation table please?
@pjhavoc2302
@pjhavoc2302 11 месяцев назад
So for what I'm understanding, once we look into the 4hr correlation and if it's atleast at 70%or above we can hold that trade for couple hours and if it's the daily with the same percentages we can hold that trade for almost a day maybe more as long as there's no news interruptions, correct?
@TradingFanatic
@TradingFanatic 11 месяцев назад
Not exactly. The percentages just show to what extrend the pairs are correlated right now in terms of the different timeframes. It doesn't tell you how long to hold.
@shamimshady4125
@shamimshady4125 2 года назад
Thank You brother
@TradingFanatic
@TradingFanatic 2 года назад
Always my bro!
@leochisvo5150
@leochisvo5150 3 года назад
lliya is it possible to just focus the major pairs instead of going through the tideous work relating the other mixed pairs, for the sake of simplicity?
@TradingFanatic
@TradingFanatic 3 года назад
Absolutely YES, Leo! Focusing on as little as possible is the key to success. You only need 1 pair to make a living. So pick the pairs wisely.
@SoloFX01
@SoloFX01 2 месяца назад
Why some times negatively correlated assets like XAUUSD & DXY move together(in the same direction)?
@elizabethking3470
@elizabethking3470 3 года назад
Have you used CedarFX?
@ShakurIslamAtif
@ShakurIslamAtif Месяц назад
Its a very good video
@laissezfairez
@laissezfairez Год назад
This is 2 years ago, I'm wondering if this is still relevant? when will Yuan, UAE and rupee come to play?
@TradingFanatic
@TradingFanatic Год назад
Correlation is always relevant. As for the currencies you mention - only the CNY is getting some stea, while the others are still considered "exotics".
@krengas
@krengas Год назад
nice valuable video!
@TradingFanatic
@TradingFanatic Год назад
Glad it was helpful!
@sandakan2452
@sandakan2452 3 года назад
Thanks sir❤️❤️
@TradingFanatic
@TradingFanatic 3 года назад
Most welcome!!
@agustinzaldyjamen1863
@agustinzaldyjamen1863 3 года назад
What if GBP is weak in daily tf and in weekly tf is very strong. What GBP is going to be? Thanks!
@TradingFanatic
@TradingFanatic 3 года назад
Yes, sometimes this is going to happen and it depends on the timeframe you choose! I would say it is dependent on the type of trader you are. if you intraday trade, then the D1 and 4H are the best! The W1 is more for positional/swing traders. So focus on the D1 and 4H for those stats!
@michaelcohen1575
@michaelcohen1575 Год назад
Would you be kind enough to post the slides for this presentation on RU-vid?
@TradingFanatic
@TradingFanatic Год назад
I'll try to find them and link them in the description.
@russshort1496
@russshort1496 Год назад
awesome vid
@TradingFanatic
@TradingFanatic Год назад
Glad you loved it!
@khanhly4620
@khanhly4620 2 года назад
Hi can you link the correlation table so we can study it I can barely see it on mobile phone, thanks bro
@shanthoshvishwa8573
@shanthoshvishwa8573 Год назад
Thanks
@randygoad3744
@randygoad3744 2 года назад
How can correlation be used as a forward looking?
@jiressmbaya5470
@jiressmbaya5470 3 года назад
This is the key to win more 🤑🤑🤑🤑
@TradingFanatic
@TradingFanatic 3 года назад
You got that perfectly correct!!
@travelplayers5544
@travelplayers5544 3 года назад
Hi, the DT/DB video is struggling to load on your course. :)
@travelplayers5544
@travelplayers5544 3 года назад
Works on my mobile
@TradingFanatic
@TradingFanatic 3 года назад
The course is getting a lot of traffic right now, so it might not load at times! Sorry for that!!!
@Vik-su4dy
@Vik-su4dy Год назад
Sir Please turn on CC caption....because I don't really some understand.....
@broski-uj3pb
@broski-uj3pb 8 месяцев назад
I never knew that forex corolates🔥
@ShivanshSharma-cp2wf
@ShivanshSharma-cp2wf 5 месяцев назад
so basically all the major pairs with usd in starting will move in same direction and all the pairs with usd in ending will move in different direction from pairs starting with usd
@michealjohn7793
@michealjohn7793 2 года назад
why currency pairs correlate such as eur/usd and usd/cad it makes sense that yea when usd/cad increase the usd become stronger against cad but why does eur/usd drop too . the price is movement is caused by the overbought of a best bid or ask price
@fredsena.
@fredsena. Год назад
Hello, please do you have the file used in the video available for download?
@TradingFanatic
@TradingFanatic Год назад
Not for this video, no...
@fredsena.
@fredsena. Год назад
@@TradingFanatic Alright Sir. Thanks.
@Abdul5149-i9o
@Abdul5149-i9o 3 года назад
Good
@imaginable4u
@imaginable4u 7 месяцев назад
great video bro
@TradingFanatic
@TradingFanatic 7 месяцев назад
Glad you enjoyed it brother!
@who_are_you3938
@who_are_you3938 3 года назад
dude thanksssssssssssssssssssssssssssssssssssssssss ❤️‍🔥
@TradingFanatic
@TradingFanatic 3 года назад
You are absolutely welcome!!!
@aidanseal5103
@aidanseal5103 3 года назад
Why dose USD/CHF have a Negative corrilation with NZD/CAD
@TradingFanatic
@TradingFanatic 3 года назад
I have no idea to be honest. The tools just give you the data, but sometimes pairs like this do not correlate at all. USD/CHF has nothing to do with NZDCAD.
@aidanseal5103
@aidanseal5103 3 года назад
@@TradingFanatic that's exactly what I was thinking but anyway thank you and great video
@maheshkummar1410
@maheshkummar1410 Год назад
How to access free course?
@TradingFanatic
@TradingFanatic Год назад
Here's the link: www.tradingfanatic.com/courses/the-fanatic-market-structure-mastery-course You just have to enroll.
@JuniorPrince-eh8xu
@JuniorPrince-eh8xu 24 дня назад
This risk on and risk off was kind a confusing too
@davoodbarati9952
@davoodbarati9952 3 года назад
Nice video
@TradingFanatic
@TradingFanatic 3 года назад
Thank you!
@franklin3153
@franklin3153 3 года назад
This is Gold
@TradingFanatic
@TradingFanatic 3 года назад
I am so happy you think so!
@shuebismail29
@shuebismail29 3 года назад
Can u trade two pairs that correlate at the sametime accordingly?
@TradingFanatic
@TradingFanatic 3 года назад
Yes, you can! But make sure to divide the risk. If you usually risk 1% and you want to take AU and NU at the same time, risk 0.50% on both. That's what I would do.
@shuebismail29
@shuebismail29 3 года назад
@@TradingFanatic Thank you sir. How can i contact you for private discussion? Let me know man. Appreciated.
@Reelfactz989
@Reelfactz989 2 года назад
How do you get to the FXStreet correlation page
@TradingFanatic
@TradingFanatic 2 года назад
There you go: www.fxstreet.com/technical-analysis/intermarket/correlation
@randygoad3744
@randygoad3744 2 года назад
What about fundamental correlation?
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