Hi,
I´m returning to Forex trading after years of inactivity, and I´d like to remember my trading strategy.
I used to work with correlation (I remember EURUSD / USDCHF and AUDUSD / NZDUSD).
However I don´t remember how to calculate the lots so their value is the same in my accounts currency. I don´t know if I´m explaining myself, english is not my native language.
I remember there was a formula to know how many lots it would take for a pair to be equivalent to the same amount of money in the other pair.
I hope this makes sense.
Any help would be appreciated.
I´m returning to Forex trading after years of inactivity, and I´d like to remember my trading strategy.
I used to work with correlation (I remember EURUSD / USDCHF and AUDUSD / NZDUSD).
However I don´t remember how to calculate the lots so their value is the same in my accounts currency. I don´t know if I´m explaining myself, english is not my native language.
I remember there was a formula to know how many lots it would take for a pair to be equivalent to the same amount of money in the other pair.
I hope this makes sense.
Any help would be appreciated.
Hard work and patience.