Your Online Forex Trading Broker -- Why Use Alerts?When you are searching out an online forex trading broker, it is worth making sure that you get a b

When you are searching out an online forex trading broker, it is worth making sure that you get a broker who will send you forex alerts. This is simply an email or cellphone text message alerting you to the latest developments in the forex market. Often the broker will recommend a particular course of action in the message, which you can follow or not as you like.

Until you get into foreign exchange trading, you may not see the value of this. It's simple to explain. Forex is a 24/7 trading platform because currency trading happens in all 24 time zones across the world. This means massive opportunities for traders with billions of transactions happening every day. But it also means that, unlike stock market traders whose day ends when their national market closes at 5 or 6 pm, forex traders have to keep track of a constant flow of information.

Nobody can be watching markets 24/7. Brokers and companies can do it, of course, by employing staff on shifts, but a sole trader has to take time out. Even if you stick with just the top five markets -- US, Euro, Britain, Australia, Japan and Switzerland -- you have 15 pairs of currencies to monitor in 4 different time zones. And sometimes big money can be made on the more volatile minor currencies. If you want to have any kind of life away from your computer without missing out on the majority of opportunities, see your kids and save your marriage, the best way to manage this is by receiving alerts.