Categories: Formula

Calculate Variance in Excel Using Formula: Step by Step Guide

The Variance Formula in Excel can be a powerful tool for Forex traders. This formula can help traders analyze the market, figure out trends, and plan for future trades. The formula uses historical data to calculate the price of a currency pair, while also providing information on its volatilty and the probability of a certain price movement. With this information, traders can better prepare for their trades and make more informed decisions. The Variance Formula in Excel can be useful for both short-term and long-term traders.

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Categories: Formula

Formula for Variance in Forex Trading: Academic Guide

The variance in Forex trading is a measure used to determine the risk associated with any given position in the market. By understanding this concept and calculating it correctly, traders can better gauge the potential return or loss on their investments. The formula for calculating variance is relatively simple and can be done as follows: to find the variance, simply take the squared difference of the closing price minus the average, and then divide by the total period. This will give the trader a good indication of how much potential profit/loss they can expect from their trades. With this information, traders can make informed decisions regarding their trades.

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