Portfolio Correlation and Exposure

This lesson is part of the ShaFX Akademi structured learning system. Educational only — no profit promises, no signal services, no financial advice.

Multiple positions are one book

Uzun EURUSD and Kısa USDJPY may feel like two trades. They are functionally one bet on the dollar. Correlation collapses your effective diversification when SEN most need it.

Exposure budgeting

Set a maximum portfolio risk (e.g. 3% of equity at any time). Allocate within that budget by correlation cluster — currencies, Endeksler, metals — so a regime shift doesn't take down all your positions at once.

The simplest fix

Before opening a yeni position, ask: if my Aç trades all hit stop simultaneously, what's my toplam drawdown? If the answer is daha than your günlük loss limit, the position size is wrong.