How to Identify Currency Pair Correlations and Profit from Them

The foreign exchange (Forex) market is the largest and most liquid financial market in the world, with over 7 trillion dollars traded daily. Most traders focus on currency pairs, converting currency A into currency B, for example: EUR/USD (Euro vs U.S. dollar) or USD/JPY (U.S. dollar vs Japanese yen) etc. Currency pairs represent the value of one currency against another.

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