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Currency Converter - Exchange Rate Calculator for Trading

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How much is 1 Dollar to your currency and vice versa? This currency converter automatically counts the exchange rate based on the current rate in the market. Just put the value you need to convert from one currency to another and get the result.

Currency Converter


Additional FAQ

Inter-pair correlation changes occasionally. For example, USD/JPY and AUD/USD could have a high negative correlation, but they might change in the next day or week. The correlation might weaken or turn fifty-fifty.

Continue Reading at Introduction to Forex Hedging Strategy

If the price moves erratically and you don't see any confirmation until it is too late, both stop losses might be touched, and you might gain double loss compared to if you did not hedge, as much as the gap between both positions. Few traders are able to do this successfully, so it's not widely recommended for new traders.

Continue Reading at Introduction to Forex Hedging Strategy

Currencies can have both positive and negative correlations with each other. Positive correlation means they tend to move in the same direction, while negative correlation means they move in opposite directions.

Continue Reading at Lost Before Trading: Three Reasons Why Novice Accounts Collapsed

  1. Bollinger Bands: It is a technical indicator that can measure market volatility. The bands widen when volatility increases and narrow when volatility decreases. Traders can use Bollinger Bands to identify periods of high and low volatility, overbought and oversold conditions, trend reversals, and support and resistance levels.

  2. Average True Range (ATR). The ATR is a technical indicator that measures the average range of a security's price over a specified period. The higher the ATR, the more volatile the market is.

Continue Reading at How to Trade Volatile Currency Pairs

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