Currency Correlation

This video is on the British pound, its history, and what traders should know about it before trading the GBP.

Several market sessions and centers, 24 hours trading schedule, facilities to borrow funds via leverage, facilities to trade from home, etc. all are helping retail traders to earn money in forex. But simple currency exchanges can’t be solution in all time. A trader must be careful in choosing currency pairs as currencies have some strong or weak correlation and he must encounter all the significant aspects so that he can ensure profitable trading voyage.

Well, my favourite trading pair is eur/usd. I guess that'll work for silver as well (silver instead of euro).

Currency risk, or exchange rate risk, depict the conceivably harming effect that changes in the estimation of a currency pair can have. There is a scope of ways the term currency risk is connected yet it is generally used to portray the negative impacts of forex rates on the estimation of an advantage that is being moved crosswise over outskirts.