Hey Airelon,

No worries man thanks for participating and glad to see you are checking out the forex stuff. Even if someone never trades this market I feel that because the forex market is affected by pretty much every other market, having an understanding of what moves the FX market will aid traders of any market.

I think its also a good lesson to anyone else who may be reading this that you did not trade yesterday when you had all that stuff going on at your house. As you know so many people underestimate the affects that outside stresses can have on their trading so I agree that it is always better to sit it out in those types of situations.

To answer your question, although as I am sure you also know there are certain futures contracts that trade with very low volatility, you are correct that the major currencies when traded against the US Dollar have relatively low volatility.

This is one of the things that many institutions like about the market because the fact that the market in general has very low volatility, combined with the fact that there is so much leverage available allows traders to make the market whatever they want.

They can keep the market low volatility by trading it with little to no leverage, or they can kick the leverage up and make it as volatile as they want it to be.

While I would not recommend any new traders try this, there are certain currency pairs that do see higher volatility when the US Dollar is not included the favorite of which among FX traders is probably the GBP/JPY.

Hope that helps. Feel free to post any other questions or comments.

Best Regards,
Dave