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Rumors are always circulating about one currency or another and they are well used by the savvy trader as part of an intermediate or as part of your advanced forex trading strategies. There is a simple strategy for dealing with rumors that you believe are trust worthy; buy when the rumor is circulating and sell when the rumor becomes fact. You should never stick with a market that has become over saturated; come in late and leave early and you’ll be able to make more money. Listening to rumors about how a currency is doing, or not doing, is a great way to get in ahead of everyone else and get out before the rumor becomes a widespread fact. This does mean however that you have to keep your ear to the ground and pay attention to what’s going on around you or you’ll end up being the masses who buy in too late to make any difference.