Our view is different! Instead of a dollar having a gold based value, its value is now determined by the other currencies in the world. It can be an investor’s paradise as it's as close to a free trading market as you can get. Almost anyone can invest in FOREX because it's simply the trading of 1 currency for another.
While many people and currency dealers can make it sound easy, the only thing easy in making any investment is losing your money. It's important to remember that currency dealers make their money through commissions and usually not on the investment they're selling. The example we used above, although very simplistic, had a number of risk factors and additional costs we didn't consider. Things like trading costs, and the assumption that one government held their currency completely stable, which is not usual, while another did not.
Almost anyone can invest in forex, and there are strategies for investors who look for long term and short term gains. For those of you who are interested in trading on the net, the very first step is to get some good training and understand the markets. Unlike the private markets where stocks, bonds and commodities are traded, foreign exchange is currency which belongs to the individual governments. Currency manipulations by governments are not uncommon, while decisions they make can dramatically change the value of their underlying currency.
The currency market - Forex
No more "Gold based value"...
