Course Content
Module 1: USD Index, Correlations, and Global Markets
Gain an institutional perspective on the markets with macro-level forex analysis. Learn to use the US Dollar Index, track currency correlations, and understand how bonds, stocks, and commodities interact with the forex market. We’ll also explore how global economic indicators from the US, Eurozone, UK, and Japan influence currency price movements
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US Dollar Index (USDX)
How to Read the US Dollar Index
Bloomberg Dollar Spot Index
The Dollar Smile Theory
Intermarket Correlations
Bond Yields Affect on Currency Movements
Forex and Global Equity Markets
Relationship Between Stocks and Forex
How to Use EUR/JPY as a Leading Indicator for Stocks
Guide to Major Economies
Important Economic Indicators for the USD
Eurozone
Important Economic Indicators for the Euro
United Kingdom
Important Economic Indicators for the GBP
Japan
Important Economic Indicators for the JPY
Module 2: Trading Plans, Discline, and Trading Styles
In this module, you’ll design your own custom trading plan based on your goals, personality, and risk tolerance. We’ll cover different trading styles—scalping, day trading, swing trading, and position trading—along with how to create a mechanical trading system. By the end, you’ll have a clear, rules-based trading process that you can follow consistently.
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Trading Plan
Why Trading Discipline is the Key to Consistent Profitability
Find A Trading Style That Suits Your Personality
Your Risk Capital
Forex Trading Software, Hardware, and other Tools
Stick With Your Trading Plan
Different Types Of Trading Styles
Scalping
Day Trading
Swing Trading
Position Trading
Create A Mechanical Trading System
Trading System
So Easy It’s Ridiculous” Trading System
Forex Trading Journal
Trading Performance Statistics
Module 3: Advanced Risk Management and Currency Correlations
Professional traders protect their capital before chasing profits. This module teaches you risk management strategies like position sizing, stop-loss placement, leverage control, and scaling in or out of trades. You’ll also learn how to use currency correlation to avoid overexposure and improve overall trade quality.
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Risk Management
How Much Trading Capital Do You Need For Forex Trading?
Drawdown and Maximum Drawdown Explained
How Much should you risk per trade?
Reward to Risk Ratio
Why Most New Forex Traders Fail
Leverage Explained
What is Margin?
Margin Call
Never Underestimate Leverage
Position Sizing
Stop Loss
How To Set A Stop Loss Based On Price Volatility
3 Rules of Setting Stop Losses
Scaling In And Out Of Positions
How To Add To Winning Positions
Currency Correlation
Doubling Your Risk Without Knowing It
5 Reasons Why Factoring In Currency Correlations Helps You Trade Better
Currency Correlations Change
Module 4: Trading Tips, Discipline, and Psychology for Success
Even the best strategy fails without the right mindset. In this final module, we focus on trading psychology, discipline, and performance tracking. You’ll learn how to avoid common trading mistakes, stick to your plan, and use a trading journal to refine your results over time. This is where you transform your skills into long-term trading mastery.
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What Traders do to Guarantee their Failure
Tips for Forex Trading Beginners
What Makes a Good Trader?
Forex Expert Course: Professional Risk Management and Trading Systems

Currency Correlation.

The first half was easy. Currency. No explanation is needed. The second half. Still easy. Correlation: a relationship between two things.

What is Currency Correlation?

In the financial world, correlation is a statistical measure of how two securities move in relation to each other. Currency correlation, then, tells us whether two currency pairs move in the same, opposite, or totally random direction, over some period of time. When trading currencies, it’s important to remember that since currencies are traded in pairs, no single currency pair is ever totally isolated. (Did we confuse you with our “currencies” tongue-twister sentence there?). Unless you plan on trading just one pair at a time, you must understand how different currency pairs move in relation to each other. Correlation is computed into what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (a correlation coefficient of +1) implies that the two currency pairs will move in the same direction 100% of the time. A perfect negative correlation (a correlation coefficient of -1) means that the two currency pairs will move in the opposite direction 100% of the time. If the correlation is 0, the movements between two currency pairs are said to have ZERO or NO correlation, they are completely independent and random from each other. We have no idea how one pair will move in relation to the other.

Correlation Coefficient

Correlation Coefficient Correlation is computed into what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (a correlation coefficient of +1) implies that the two currency pairs will move in the same direction 100% of the time. A perfect negative correlation (a correlation coefficient of -1) means that the two currency pairs will move in the opposite direction 100% of the time. If the correlation is 0, the movements between two currency pairs are said to have uh ZERO or NO correlation, they are completely independent and random from each other. We have no idea how one pair will move in relation to the other.

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