Also on a more practical note: take note of high-frequency data costs. FX is the only asset class you can study in detail without major financial backing becau

Also on a more practical note: take note of high-frequency data costs. FX is the only asset class you can study in detail without major financial backing because of the costs. This seems to happen even in academia: research in CDS's seemed slim before the financial crisis, I imagine partly because the major U.S. data provider has enjoyed monopoly pricing.