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Questions and StoriesCategory: QuestionsWhat Is the Correlation Between Currency and Stock Trading?
11 Answers
Vahid Chaychi Staff answered 4 months ago

well…
The title and the description are different.
The title says whether there is a correlation between currency and stock trading. The answer is yes. They are strongly correlated.
But in the description you are asking if they are different or not. Everybody knows that they are different. Stocks are shares of companies, and currencies are currencies. Everybody knows this.

Vicaris replied 4 months ago

Is the trading approach and strategy the same?

Vahid Chaychi Staff replied 4 months ago

Yes, all the trading techniques and chart analysis are the same.

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Edward Duffy answered 4 months ago

The other thing that is the same in the two is the risk that is involved and the risk of getting it wrong.

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Male answered 4 months ago

Currencies can be use anywhere to goods and pay for services while Stocks/Shares are domicile with the brokers.

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Eli Davis Keinamura answered 3 months ago

There are stocks which are   directly correlated with currencies eg when USD is doing well most stocks  also perform well in USA.

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David Matlala answered 3 months ago

There is a correlation between the US Dollar Index and the stock indices like the Nasdaq and the S&P 500.

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Kenneth Ogbonnaya answered 3 months ago

Currency is correlated to stock because of their risk appetite. And also when economy of a country is doing well, both their stocks and currency will appreciate in value.. 
 

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Leno Jean Pierre answered 3 months ago

The answer is yes the stocks and currencies are correlated.

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Leno Jean Pierre answered 3 months ago

The stocks and the currency are struggling correlated.
When the country’s stocks are going up, then you can buy that currency because that currency is getting stronger now and will rise. Similarly,a country whose stocks market is facing a decline you can sell that country’s currency because now the currency is getting weaker and will probably fall down.
Nikkei and USD JPY have shown a strong correlation.

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Nnaemeka Victor answered 3 months ago

GOING BY YOUR ANSWERS SO FAR, A GOOD FOREX TRADER CAN ALSO BE A GOOD STOCK TRADER

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Leno Jean Pierre answered 3 months ago

Yes if you’re a good Trader you can make profit from stock and currency market. Some times depending on some factors the can do the opposite meaning if for example the stock of the country rise the currency go in the opposite direction. Most of the time both go in the same direction and you can make profit if you know when it happens .

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Leno Jean Pierre answered 3 months ago

The trading approach and strategy is the same. The risk involvement is the same too.

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