From My Post 1681 and My Reply To Dave.
Another excellent question from Dave that I will post my answer on my thread now.
Hi Benjamin,
Thank you for your quick response! So, if I am correct in my understanding, money flow into/out-of CAC and DAX will correlate with money flow into/out-of the EURO, money flow into/out-of the FTSE will correlate with money flow into/out-of the GBP, and money flow into/out-of the DOW will correlate with the USD and JPY (low yield currencies) and into the higher yield currencies such as the AUD and NZD.
What about CAD since its a commodity currency? Would you look at oil prices to determine money flow with CAD? And AUD? Wow! How well does the fundamental analysis correlate with price moves in the currencies?
Thank you for such an eye opening awareness of what moves the currency markets!
Dave
Comments from Benjaminis: I train people on this thread through the use of a FXCM UK $50,000 US Dollars Demo Account so Forex traders can learn properly without the EMOTIONS of FEAR AND GREED.
In order to answer Dave's questions , I mention this because the following 18 symbols are on the trading platform in 3 rows of 6 symbols.
The first 6 are all currency pairs. EUR/USD EUR/JPY USD/JPY GBP/USD USD/CNH USD/CHF
The second 6 are as follows; EUR/CHF AUD/USD USD/CAD US Dollar (123.53) XAU/USD XAG/USD
The last 6 are as follows; US 30 NAS100 SPX500 Copper UKOil Bund
There you go my friend and everyone else reading this post.
Another excellent question from Dave that I will post my answer on my thread now.
Hi Benjamin,
Thank you for your quick response! So, if I am correct in my understanding, money flow into/out-of CAC and DAX will correlate with money flow into/out-of the EURO, money flow into/out-of the FTSE will correlate with money flow into/out-of the GBP, and money flow into/out-of the DOW will correlate with the USD and JPY (low yield currencies) and into the higher yield currencies such as the AUD and NZD.
What about CAD since its a commodity currency? Would you look at oil prices to determine money flow with CAD? And AUD? Wow! How well does the fundamental analysis correlate with price moves in the currencies?
Thank you for such an eye opening awareness of what moves the currency markets!
Dave
Comments from Benjaminis: I train people on this thread through the use of a FXCM UK $50,000 US Dollars Demo Account so Forex traders can learn properly without the EMOTIONS of FEAR AND GREED.
In order to answer Dave's questions , I mention this because the following 18 symbols are on the trading platform in 3 rows of 6 symbols.
The first 6 are all currency pairs. EUR/USD EUR/JPY USD/JPY GBP/USD USD/CNH USD/CHF
The second 6 are as follows; EUR/CHF AUD/USD USD/CAD US Dollar (123.53) XAU/USD XAG/USD
The last 6 are as follows; US 30 NAS100 SPX500 Copper UKOil Bund
There you go my friend and everyone else reading this post.
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