Forex History

[forexpot]

Forex, or FX, is a shortened term that describes the Foreign Exchange Market, a marketplace where the world's various currencies are traded. It is an interbank market which was created in 1971 when international trade transitioned from fixed to floating exchange rates. As a result of its incredible volume and fluidity, the FX market has become the largest and most significant financial market in the world.

Here are some unique characteristics that are the source of its success:
Forex markets operate 24 hours a day

Superior liquidity: the daily turnover of the FX market – over 4 Trillion Dollars – makes it easy to trade most currencies instantaneously

You can profit from rising or falling markets

You can benefit from leveraged trading with low margin requirements
There are standard instruments available to help you control risk exposure
Excellent Transparency: the Forex Market is transparent… you just need to keep yourself informed

[jen]

Originally Posted by forexpot

Forex, or FX, is a shortened term that describes the Foreign Exchange Market, a marketplace where the world's various currencies are traded. It is an interbank market which was created in 1971 when international trade transitioned from fixed to floating exchange rates. As a result of its incredible volume and fluidity, the FX market has become the largest and most significant financial market in the world.

Here are some unique characteristics that are the source of its success:
Forex markets operate 24 hours a day

Superior liquidity: the daily turnover of the FX market – over 4 Trillion Dollars – makes it easy to trade most currencies instantaneously

You can profit from rising or falling markets

You can benefit from leveraged trading with low margin requirements
There are standard instruments available to help you control risk exposure
Excellent Transparency: the Forex Market is transparent… you just need to keep yourself informed

Wow! So we turn 40 this year eh?!

[balexander26]

Thanks for the bit of history!

[bestforexpartners]

Thanks for sharing the History of Forex. I think its very important when you are stepping into the field of Forex then it is very the knowledge of every thing involve in the Forex trading is very essential. Your post is very valuable post.