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What would be a tremendous advantage to you before you jumped head first into forex trading?
Of course it would be to learn a little bit about what you are doing and get familiar with the Forex Market.( Its kind of like planing a trip to a place you have never been to, you don't know how to get there till you look at a map).
So, you need to get a map of how the Forex Market works. The best way to do this is find yourself a Good Forex Broker. Search for one who will let you use a free demo account. Then you can practice and find a winning strategy that will make you feel confident for when it comes time for real trading. This will also help you make split decisions instantly, get you familiar with day to day market terms, such as, lots, margins, pairs, and so on before you jump head first into real market trading.

The Forex Market has been known to be a get rich quick venture. It can be done, but you have to know where to focus your efforts. Most new traders have no idea of what to buy or sell, so they purchase e-books, or try to, day trade,(in the long run day trading doesn't work. All it will do is destroy your account equity over time) Buy low and sell high, this is a interesting theory that might work sometimes, but you should take an in-depth look at the new trends of "buy high sell higher" (most major moves start from new market highs) Now my favorite, last but not least, Is try to buy success from a friend who tells you a stock is worth a lot of money. (ex specially if they are not experienced themselves in trading). These are some common basic mistakes that new Forex Market Traders should be aware of. If you are not sure of what to do, or do not feel confident enough in trading in the Forex Market, thats when you should seek some professional help. There still is a lot of good advice out there from brokers, but you and only you, ultimately have the final decision and responsibility on what trades you make.source: http://www.article99.com/2007/02/27/new-to-forex-trading-27425.html

Global Forex Trading: From East to West People Is Making Money Forex Trading

Global Forex trading is one of the most looked after occupations for many people around the world. If you are new to the world of Forex you may be asking what a forex trader does. In short, as a Forex trader you will always be attempting to make more profits than losses from the fluctuations of exchange rates between currencies in what is called the forex market. Before you shy away thinking you are not prepared for this profession I must tell you that nobody is going to ask you for a diploma, or somehow verify the amount of hours you've spent studying the foreign exchange market (FOREX). All you need is the proper training and the tools that will help you become a profitable trader. But this is not the only advantage you get when trading forex, compared to other ways of investment and speculation as stocks. You have a other great advantages that will make you decide for forex trading and forget about stocks and commodities.

1): You Can Trade With an up to 200:1 Leverage.

Every trader participating in the forex market is allowed to trade foreign currencies on a high leverage basis, this is up to 200 times your investment with some brokers. This is primarily attributed to the higher levels of liquidity within the currency markets. Standard 100,000-unit currency lots can be traded with as little as 1% margin, or $1,000, which is a pretty nice feature of forex. Mini Forex accounts are permitted to trade with just 0.5% margin; in other words, just $50 allows you to control a 10,000-unit currency position. Futures traders, who are asked for margin requirements generally equal to 5%-8% of the total contract value, will immediately appreciate that the FOREX market provides much greater leverage; and stock traders, who must post at least 50% margin, may think they are dreaming.

2): You Will Never Have a Bear Market in FOREX.

You can have access to a mutually-inclusive exchange of world currencies. Currencies trade in "pairs"( US dollar vs. yen or US dollar vs. Euro), one side of every currency pair is constantly moving (up or down) in relation to the other one. What this means is that when you buy a particular currency, you are actually simultaneously selling the other currency in that particular pair. As the market moves, one of the currencies will increase in value while the other will decrease proportionally. It is up to you to choose the correct currency to be long or short. Since forex trading always involves the buying of one currency and the selling of another, it implies that you will have an equal opportunity for making profits in both a rising or falling market.

3): Price Movements In Forex Are Highly Predictable.

Many times currency prices in the forex market may be volatile, but they have the great advantage that generally repeat themselves in relatively predictable cycles, creating what is known as trends. And as many forex traders say, “the money is in the trend”.

Stocks sometimes seem to simple lay down in narrow price alleys, but in global forex trading currencies rarely spend much time in tight trading ranges and have the beautiful tendency of developing strong trends. It is known that over 80% of the trading volume in forex is speculative in nature and, as a result, the market frequently overshoots and then corrects itself. As a technically-trained forex trader, you will easily identify new trends and breakouts, which provide for multiple opportunities to enter and exit trading positions.

Forex Trading can be highly profitable. You can work from anywhere and still make a very good income. You just need to know the basics and have a good trading system. If you want to start with the right foot, consider using this great Forex Trading System.

source: http://www.website-articles.net/Article/Global-Forex-Trading--From-East-to-West-People-Is-Making-Money-Forex-Trading/28883

Learn Forex And Earn Money Forex Trading

Now may be the time to learn forex. For the last two years the economy has been in a downwards spiral that has placed many people in financial hardship. Many are losing jobs, interests on debts are increasing and even houses are being repossessed due to the lack of money available for many people holding regular jobs.

These difficult economic times are precisely those where innovation and learning how to think out of the box are a highly needed ability that can open you new ways for achieving your financial goals. It is a fact that traditional jobs are scarce or with the salaries lower than those you would like or need to earn. This situation should indicate you that the time has come for you to think in the different ways you can earn a living even without leaving your home; and one of those ways is by trading the Forex markets. But be aware, this is not an easy task. I would say it´s simple but not easy.

Forex is a huge market, the biggest capital market in the world. It has operations all around the globe so you can trade practically the whole week and during the 24 hrs of each trading week´s day. It has a high liquidity and the volume of transactions guarantees your trades will always be fulfilled. One more great thing about Forex is that you can access the market from your own computer by just installing the trading station software you prefer (which by the way is free). In short the Forex market is the place to make money, you just need to know how.

Here is where you will need a great trading system so you can really make money with forex. Some characteristics of a good Forex trading system would be:

- The system is a set and forget one; this means that you can trade even if you have no time.

- You should be able to start with a few bucks; for example you can start with just $200, yes in this hard financial times you must aim to invest the less you can for the highest return you can.

- The system should work in any country, it should apply to any currency pair.

- The system must be reliable and consistent time after time.

If you learn forex basics and with a Forex trading system with the above characteristics you will be on your way of earning the money you deserve in a reasonable time and having the ability to pay for what you need without incurring in onerous debts.
source: http://www.website-articles.net/Article/Learn-Forex-And-Earn-Money-Forex-Trading/28887

Forex Trading - What Exactly Is It?

Forex trading is the process of buying and selling foreign currencies with the sole aim of making a profit. Foreign exchange rates are simply the price of one currency in terms of another one. If the exchange rate between the US$ and the £ is $2=£1, this means that one pound of sterling will cost two US dollars. In any exchange rate there is a pair of currencies involved. So to take the above example, if we wanted to buy $1,000 dollars with sterling it would cost us £500. So you are buying one currency and selling another and Forex traders are effectively betting on the movements between these currencies i.e. the price moving up or down.

Foreign exchange traders will make money if the currency they are buying increases in value relative to the currency they are selling. The foreign exchange market is highly liquid – this means that trades are happening all the time which causes the exchange rate of the currencies to fluctuate regularly. People who are serious about trading in foreign exchange currencies need to make sure that they have access to “real” time information or else they stand to lose money on every deal they make.

The Forex is the largest financial market in the world and one of the most speculative. It is not based in any one location so you can effectively trade 24 hours a day, five days a week. The week begins in Australia on a Monday morning when markets open there and ends on Friday afternoon New York time. All trades are made via your computer screen so you don’t physically handle the cash i.e. you don’t have a pocket full of Euro’s or Dollars.

This makes it easy for traders to make money as they can work trading around their day job. But people forget that it is also easy to lose money. Anyone who tells you that you will never lose money on foreign exchange trading is lying. The same goes for anyone who tells you that they can predict the exact movements of the market due to advances in science – that is complete rubbish. If price movements could be predicted so accurately there would be no market to trade in! For a market to exist there must be buyers and sellers who have their own beliefs as to the value or price of something. It is these differences in opinions and the unpredictability of price movements that makes a market like the Forex work.

However, your chances of losing money are statistically less if you educate yourself as to how the markets work. You will also improve your chances of making money if you purchase some software that you can program, or comes pre-programmed to watch the markets for you. You can then be alert to the possibilities that are more likely to make you fast cash. You will always have trades where you will lose some money – you just need to make sure that you win more than you lose. And as with any form of gambling, only play with money you can afford to lose.
source: http://www.website-articles.net/Article/Forex-Trading---What-Exactly-Is-It-/28493

Three Important Forex Concepts For New Forex Traders

As you enter the world of Forex you will find yourself learning and using many new concepts that you may not have used or heard before.

Three of this important concepts that you must understand are what “Pips” are, What “Volume” is and what you do when “Buying” and “Selling Short”. They may look more like four concepts but Buying and Selling are like the two faces on the same coin so we can consider them as a single concept.

Lets first introduce what Pips are. Maybe you have heard or read already how many pips a day you can make using some trading system. In short, currency pairs prices will go out to 4 significant digits. For example; if one currency pair is trading for 1.3451 then an increase to 1.3452 would be a “one-pip” increase in the price of this particular currency. This is an increase of one hundredth of a percent of the value of the currency pair you are trading. And depending the type of account you have, regular or mini, each pip will have a value of $10 or $1. So if you make 10 pips a day with a regular account you would have made $100 and with a mini-account $10.

Now we can talk about the Volume; trading Volume is a quantity that tells traders how much money is being traded at one particular moment. And the forex market is known by its high volume of trading during most of the time markets are open. Some times there can be spikes in the volume during some type of news breaks and during the time New York stock exchange is open. The volume of transactions in Forex, even in a slow day, will always be much higher than the volume traded in other large exchanges at their full capacity.

Now maybe the most obvious of the concepts. Buying refers to the acquisition of a particular currency pair to open a trade. Selling short refers to the selling of a particular currency to open a trade. When you Buy, you are expecting the price of the currency pair to increase with time, i.e., you buy cheap to sell high. In the case of Selling short, it looks a bit more complicated. Here the way to make money is to initially sell a currency pair that you think will lose value in a given period of time and then, once it happened, you will buy it back at the new price but now you can sell it at the previous greater price the currency had when you opened the trade, so you earn the difference in prices. I know it seems kind of tricky, but once you are in front of your trading station it will look much simpler.

Understand well these three concepts and you will start with solid steps you trading career.
source: http://www.website-articles.net/Article/Three-Important-Forex-Concepts-For-New-Forex-Traders/29242

Forex profit code Review

1. The very best feature of Forex trading software is that you can use it every day to make equal or more income.
2. The Forex trading system will take just five minutes of your time to set up.
3. The Forex trading system wills advice you automatically looking at the current status of the Forex trading.
4. Forex trading software is attested software and you will greatly appreciate the income that you will make in Forex trading using it.
5. All you need to do is copy the Forex trading software from the CD, run it in your computer. Start it and make great money in Forex trading.
6. It is a revolutionary product that will explain every trick employed in Forex trading manually as well as digitally.
7. It works with any Forex trading and in any country you live in.
8. Automated Forex trading software comes with a demo so that you can use it before you trust it.
9. Forex trading software can be used at any place and at any time.
10. It helps you learn the tricks used in Forex trading and saves you from making nervous decisions.
Benefits and Features List:
* Forex trading software comes in easy step by step guide that helps you learn various ways through which you can make awesome income.
* It is an Automated Forex code that lets you earn as much income as you want by spending as little as 2 hours a day.
* It is an Automated Forex trading system that provides you a chance to not work very hard in stock trading but to employ easy ways that are quiet rewarding.
* The Forex trading software not only helps you in making profit for one day but you can enjoy making the same amount of profit every single day.
* Thousands of people have already taken the advantage of the Forex trading system till date and are really happy with income they are generating.
* You can now sit at home along with your family and can make as much money as you want every day.
* You need not to apply any judgment on calculations for using this Automated Forex trading system.
What customers are saying:
The customers are enjoying the kind of money they have been able to make with the help of the Forex trading system. They have found the Forex trading software as the best software as it is easy to install and use anytime. With no complex charts or calculations, the Forex trading system becomes the easiest system to use and earn money.
Final Say...
To start making great money in Forex trading all you need to do. Get started and make money with Forex trading software.
review: http://www.articlefeeder.com/Finance/Review__Forex_profit_code_Review.html

Forex Broker

A forex broker is defined as an individual, or a firm, that acts as a mediator, matching buyers & sellers for a fee or for the commission. A forex broker is also regularly employed to maintain & monitor the 24-hour Forex market place.

A Forex Broker is defined as an individual, or a firm, that acts as a mediator, matching buyers & sellers for a fee or for the commission. A Forex Broker is also regularly employed to maintain & monitor the 24-hour Forex market place. A Forex Broker is someone who engages in trading & investing online. In Forex plenty of them will be the investors in the Forex & Traders and will approach the market for the umpteenth time, but it will be first time for the investors and it can appear at times, daunting. This forces us to use the interactive Forex Brokers. Most of the people will be investing in the Stocks & forex. They can be sure that they will receive the highest level of service obtainable in the Forex Trading Market. The Forex Broker offers customer support for different countries. They are present as a broker so as to clarify the concern they may have to regard the foreign currencies in trading. The interactive Forex Brokers can easily make a big success in trading. The interactive Forex Brokers have plenty of years of experience in Forex online and all aspects of Web Trading. Forex Brokers tailor our accounts to suit our needs, taking into consideration our budget, requirements and risk tolerance. The Forex Broker will understand the value of having the trust, direct access to other brokers. Web Trading is now a role plenty of people take on as a part of everyday life in every business not only for the Forex Broker. The web is playing a large role in Forex Trading. The Broker Forex maintains the high standard which is built in plenty of companies, which are based upon having guaranteed customer satisfaction and security, all the customers are issued with a bank guarantee. In today's society, for a majority of investments there is now some level of money exchange or transaction to be made, for trading on the Stock Market, or any other market foreign exchange is always involved. This has created a diverse market in the Forex Broker. Most people already have some level of dealing with currencies. The worth of the money you save & invest is determined through the worth of another country's money. A bank guarantee, offers the customers security & peace of mind. Years of the roles of a Forex Broker in the Forex online trading have provided the Forex market trading with the best online brokers & the lowest cost brokers. All the customer information is regarded as highly confidential by the Forex brokers. A Forex Broker does not disclose such information to any third parties. Most of the companies provide all their clients with a Bank guarantee to ensure the return of the invested sum.

source: http://www.articles43.com/article/Forex-Broker-118206.html

Forex Trading Secrets

Many think that analyzing forex is hard and filled with mathematical concepts and many is willing to pay millions for market courses so they understand the technical analysis with graphics and so on. But we are confused by ourselves which frame will we choose, single minute, five minutes or daily.

Many think that analyzing forex is hard and filled with mathematical concepts and many is willing to pay millions for market courses so they understand the technical analysis with graphics and so on. But we are confused by ourselves which frame will we choose, single minute, five minutes or daily.

If we think logically, clear, and ease we will see signals that actually exist but we can't see because there's indicators blur it. KISS = keep it simple stupid, is basic to be implemented everywhere.

To be successful in trading there's some principals to follow. When you're trading then you'll have to think as a trader, buy at low price and sell at high price is the number one rule. Whether you're playing stocks, commodities, or forex keep the basic traders' principals.

Trading forex lasts for 24 hours. If we're in Indonesia, the Australian market starts at 04:00 early in the morning, then the Japanese market at 14:30. Starts next is European market at 20:30 and the last one to open is the American market which will close at 04:30 the next morning.

Based on experience, time is very important to the outcome of the trade whether we will win or lose. Mostly the price is going steadily from the morning till afternoon Indonesia time. The ups and downs of the price start when the European market opens. Then when the American market sessions are open, we have a very good chance to gain big profits in short time only if we can position ourselves in a good position.

The way to determine the buy and sell position. Looking at the daily phenomena it is better for us to trade at American time. The first step is to count the price range (high and low) from currency pairs that day. There are four commons currency traded:

* EUR/USD Daily range average : 110-120 points

* GBP/USD Daily range average : 180-200 points

* USD/CHF Daily range average : 120-130 points

* USD/JPY Daily range average : 80-90 points

The numbers above is not fixed but at least when we enter the market we know that we're in the right position. Eventhough this won't guarantee a 100% win.

If we look at closely there's a certain pattern from those four pairs of currency that is Euro/USD and GBP/USD walks the line together and 180 degree from USD/JPY and USD/CHF. If Euro/USD and GBP/USD is going high than the USD/JPY and USD/CHF is going the other way, vice versa.

But things don't always go this way. There's a moment where a currency is on his own and the other at the usual pattern. If this happens than the curruency that is has a stable movement is on its lowest or at its top and the currency has a mature daily range (close to the currency's average daily range).

There's no certain rule that says a pair of currency is easier to trade than the other, every currency have their own chances, and it is better for us to adjust to our margin that we have. The Euro/USD and USD/JPY movement is far more stable at range of 100 points and this make the currency safer to be traded with the smallest of our margin compare to GBP/USD and USD/CHF which range in the 200 points.

From the phenomena above a conclusion can be taken, that money is traded by top-class speculators like George Soros only on four world main currency. This is to balance the daily volume and price so at the closing stage the currency will be at their average range of high and low.

The price movement can actually be determined by the movement of each currency pairs. Analysis approach fundamentally with watching close the news is reflected from the price movement. We can read schedule of economic news just to watch it for hours and only waiting for certain news. Close to those times there are possibilities of extreme price changes.

Knowing when ther's going to be an extreme price movement we can at least save times and we don't need a whole day to watch the price movements in the monitors, except it is a hobby and doesn't bother you that much.

In trading it is better if we adjust to the condition of the field that day. It is too risky if we try to predict that the price will be bullis or bearish at certain price level. Then we have to wait for the perfect moment to enter the market that is when the chance has come. The main key is to stay close to our trades.

Trading must be discipline, disciplne following systems and patterns that we have already set. Greed can cause a very fatal condition. Many failures started only by the simplest of mistakes. Miscalculations happened, and if those happens then we have to cut-loss or else we will beburden. Then think positive that there's always better times tomorrow.

You can enter without having to know graphics and charts. The basic in decision making is the highest and the lowest price range everyday. If the price moves to the highest price that day, wait, because the price will try to get through the highest price that day. Just look at the daily range. For Euro/USD, the daily range is 98 points when we enter the market, there's a possibility that it might pass 98 points that day then the price will decline again because there will be profit taking action.

If you are risk taker, you can make profit when there's a price correction and actually you will get two gains at a time that is when the price goes up for a moment for then goes for reversal. This can be done but beginners are adviced not to do this and everyone who hasn't a good experience about the market. You could try at the virtual forex first to understand the situation.

Don't forget to pay attention to the currency that is opposite to the one you are trading. Example in this case you hold Euro/USD, you have to pay attention to opposite currency such as USD/JPY. Because at the same time USD/JPY will try to touch the lowest point before at the end go for reversal.

With the usage of graphics, we can get very good informations. It is also better if we use some softwares for trading we could only watch the time frame for 5-15 minutes. The indicator that is used is Bollinger band and if you're not pretty sure you can add RSI indicator with 6 as it setting period. But back to basic, the important thing is the daily range of highs and lows. If there is break high and break low, you then go watch the candlestick and focus on the five-minute frame.

Many are trapped focusing on the graphics like the Ma lines has crossed or it hasn't and many more. Actually at this time, price range hasn't become mature yet, and of course makes things risky. Once again it is necessary to look at the mature price range.

The usage of pivot, support, and resistant point can also sharpen your decision. But once again the price range is all matter for decision making and you shouldn't be doubtful because of any other indicators. For example Euro/USD has gone through break high. Look at the five-minute chart than the candlestick will touch the upper bollinger band or even more. You can wait a bit more so it can get to the very top, then when you feel there's a reversal you can do your entry.

Price movement is very complex that affect four world main currency one another. This can't be explained in detail. Overbought and oversold aren't basically call upon the five-minute or the fifteen-minute frame. This signal will come to you as you practice, use your logic and amazing things will happen.

Trading is not a exact science so don't waste your money for courses that will guarantee your success.

The main key is practice. There are many source of informations such as newspapers, internet, and mailing lists.

Tricks above doesn't promise you a profit but at least if you implement the logic you will the be on the right track. You will have the basic of decision-making.

The recipee is, at the opening of the market, choose currency that is there.

Nofie Iman is a full-time investor. He has been researching investment strategies since 1998 and make his own living from stock investment and forex trading. For more information, please take a look at here.

Article Source: http://EzineArticles.com/?expert=Nofie_Iman

Forex Trading: Calculating Profit and Loss in Foreign Currency Trading

he foreign exchange market, or Forex market, is an around-the-clock cash market where the currencies of nations are bought and sold. Forex trading

is always done in currency pairs. For example, you buy Euros, paying with U.S. Dollars, or you sell Canadian Dollars for Japanese Yen. The value of your Forex investment increases or decreases because of changes in the currency exchange rate or Forex rate. These changes can occur at any time, and often result from economic and political events. Using a hypothetical Forex investment, this article shows you how to calculate profit and loss in Forex trading.

To understand how the exchange rate can affect the value of your Forex investment, you need to learn how to read a Forex quote. Forex quotes are always expressed in pairs. In the following example, your pair of currencies are the U.S. Dollar (USD) and the Canadian Dollar (CAD). The Forex quote, USD/CAD = 170.50, means that one U.S. Dollar is equal to 170.50 Canadian Dollars. The currency to the left of the "/" (USD in this example) is referred to as base currency and its value is always 1. The currency to the right of the "/" (CAD in this example) is referred to as the counter currency. In this example, one USD can buy 170.50 CAD, because it is the stronger of the two currencies. The U.S. Dollar is regarded as the central currency of the Forex market, and it is always treated as the base currency in any Forex quote where it is one of the pairs.

Let's go now to our hypothetical Forex investment to show how you can profit or come up short in Forex trading. In this example, your pair of currencies are the U.S. Dollar and the Euro. The Forex rate of EUR/USD on August 26, 2003 was 1.0857, which means that one U.S. Dollar was equal to 1.0857 Euros, and was the weaker of the two currencies. If you had bought 1,000 Euros on that date, you would have paid $1,085.70.

One year later, the Forex rate of EUR/USD was 1.2083, which means that the value of the Euro increased in relation to the USD. If you had sold the 1,000 Euros one year later, you would have received $1,208.30, which is $122.60 more than what you had started with one year earlier.

Conversely, if the Forex rate one year later had been EUR/USD = 1.0576, the value of the Euro would have weakened in relation to the U.S. Dollar. If you had sold the 1,000 Euros at this Forex rate, you would have received $1,057.60, which is $28.10 less than what you had started out with one year earlier.

As with stocks and mutual funds, there is risk in Forex trading. The risk results from fluctuations in the currency exchange market. Investments with a low level of risk (for example, long-term government bonds) often have a low return. Investments with a higher level of risk (for example, Forex trading) can have a higher return. To achieve your short-term and long-term financial goals, you need to balance security and risk to the comfort level that works best for you.

source: http://www.article99.com/2007/02/10/forex-trading-calculating-profit-and-loss-in-foreign-currency-trading-22330.html

Investing In Foreign Currencies - The FOREX

Building a diversified portfolio gives you a lot more stability with your investments and enables you to keep on the profite side of things more easily.

Building a diversified portfolio gives you a lot more stability with your investments and enables you to keep on the profit side of things more easily. But if you already have a rather diversified portfolio and think you are now rather knowledgeable of the stock market, then you may be ready to expand your investments into FOREX - the foreign exchange. When currencies in the United States may take a plunge, or a lack of growth, markets in other countries are doing quite well and this is something that you can draw a profit from.
The FOREX market, listed simply as "FX," is the biggest market of all. A lot of money can be gained from it - and rather quickly, too. This market deals entirely with the between two currencies on 5 days of the week. Two currencies are always in every exchange and they are exchanged the one for the other with a buy rate and a sell rate - at the same time. For instance, if you believe that the Japanese yen is about to increase in value, then you may offer to buy it at $1.10 and sell it at $1.25 - making a possible $.15 per yen purchased. Here are a few things you need to know about how to get started in the FOREX market.
Learn The System
Trading on the FOREX is generally more difficult than the regular stock exchange. It is easier to lose money if you do not know what you are doing. In order to prepare people to learn to deal with the FOREX, though, most online brokerages have specialized software that provides training - up to about 30 days, with "free money" to use to practice until you start being able to regularly see a profit. Only then is it wise to start doing some real trading. You also need to know how to determine the state of national economies and be able to predict their fluctuations. Other online companies provide many free booklets that they will mail to you only for the asking.
Potentially Safer Investing
Since all deals with the FOREX require a broker, your money is potentially safer. Every contract made with a broker will have a clause in it that allows the broker to actually stop the transaction if they feel it is a poor investment. The primary reason for this is because you are actually using the broker�s money to make the deal. When you use FOREX, you create a sort of "loan" that gives you an operating ratio of up to 100:1. This means that, for $3,000, you are actually controlling $300,000.
The FOREX is also a better investment because there cannot be any insider trading. Dealing with currencies means that the things that effect it would make national news. This kind of event would be known almost instantly around the world - and everyone has access to the same news.
Easy Liquidity
Trading in currencies occurs every single day - many trillions of dollars worth of it. Because of this feature, there is always someone who will buy or sell dollars, enabling you to have a very quick liquidity when needed.
No Fees
Brokers do not charge you a fee when you make a FOREX transaction. This enables you to be able to control even better the amount of money that you invest and it allows you to chart it a little better. Brokers make their money through the spread of what is sold, the difference between what is bid and the actual selling price.