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Forex Today: EUR/USD sells the fact, Gold looking strong, Trump's coronavirus briefs make comeback ... FXStreet has not verified the accuracy or basis-in-fact of any claim or statement made by any ... The fact of the matter is that 70% of all daily forex day trading is done by banks. The table below shows the market share of the top 10 players in the global forex market with only about 20% of the market left for other participants. Type in the correlation criteria to find the least and/or most correlated forex currencies in real time. Correlation ranges from -100% to +100%, where -100% represents currencies moving in opposite directions (negative correlation) and +100% represents currencies moving in the same direction. The fact of the matter is that many experienced forex traders consider the pair to be in a downward trend when the exchange rate is below the simple moving average line. However, if the market rate manages to break above the SMA line, then many market participants take this to be a sign of the reversal. The biggest fact about the forex trading is that ninety five percent of the traders lose their investments in the first six month as a result they get disappointed and leave the forex trade. Well we do not want our readers to face the same situation this is exactly why we are writing this article.
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