The world is somewhat chaotic these days. No matter what your political views, we can all agree that Brexit, President-elect Trump, and rising nationalism have changed everything we knew. Markets have reacted accordingly, falling, recovering, falling again, and so on. The Forex market has been especially volatile which is why now is the perfect time to start trading currencies online.

After all, the Forex market is so popular because of its volatility. And when you look at some of the big movers, you'll see just how volatile it is right now.
 

1. Brexit has the pound aflutter

The pound sterling has been a reliable currency over the past few decades. It has been a stronghold, to the extent that we’ve hardly doubted its status as the strongest currency in the Western world.

But Brexit turned everything on its head. With the unexpected “leave” result, markets went into turmoil, unsure of what would happen next. The pound plummeted against major (and minor) currencies. All of a sudden, its dominance was no longer assured. It was getting ever weaker against the dollar and the euro.

Then a semblance of stability returned to the markets and the pound began to recover. But before long, new concerns saw it plummeting again, plumbing new lows. And yet again, the pound is bullish, making up many of its gains.

These sorts of movements are fodder for traders. Stability is a thing of the past, and if your intuition and insight is on point, you can stand to make a lot of money by trading currency.
 

2. Donald Trump has turned the world on its head

Donald Trump’s victory in the U.S. election was to the US dollar what Brexit was to the pound. Well, sort of. The dollar did see significant losses after initially strengthening, but has managed to reverse many of those losses. And it’s dipped again and pulled back again and so on.

The point is, it’s no longer the stable currency we knew and loved. Anything could happen, as the spectre of a Trump presidency continually brings far more questions than answers.

Now, it’s not all about the dollar. A Trump presidency would impact countries around the world. With his apparent stances on trade, immigration, U.S. intervention, foreign aid, and so on, many countries are afraid of a weakened relationship with the U.S. So, while Trump’s victory has had a direct impact on the U.S. dollar, it also weakened the South African rand, the Mexican peso, and more.
 

3. No one trusts analysts anymore

But perhaps the biggest thing we learned from both Brexit and Trump is that analysts are not the oracles they claim to be. Many thought that Brexit was highly unlikely at least. Many more thought that a Trump presidency was impossible. They were proved woefully wrong.

It’s not only analysts who were proved wrong. It’s the way we believed the world worked. The unimaginable has happened in 2016. Brexit, Trump, Leicester City. No one is sure of anything anymore, which sets the stage for Forex volatility, and some sumptuous trades.