Welcome to the new world of online forex trading.

The rapid fluctuations of currency exchange rates are what attract speculators to the
forex market as currencies are highly sensitive, and thus react very fast to changing
economic conditions of countries or regions, changing interest rates and political
happenings around the world. Sometimes central banks of countries attempt to
intervene in the forex market if the policy-makers feel that their country’s currency
is too strong or too weak for their own good.All these factors lead to high volatility of currency prices, which can be taken advantage of by traders who speculate on the direction and magnitude of the current and future price move.
I would like to point out that while movements in certain currency pairs can be
quite volatile in nature, most major currencies generally move less than 1% daily,
which is much lower than that of active stocks, which can easily move between 5-
10% per day. For a rough guide of currency pairs and their relative volatility,
Forex has increasingly become an extremely attractive alternative asset group for
speculators to trade, in addition to the usual staple of stocks and futures.Anyone can trade forex, but not every one can be profitable. That’s the rule of any game – not every one can win.