a Brief history of Forex
Forex trading has a rich history that goes back to the earliest systems of barter
and trade. Unfortunately, throughout time, forex trading was only reserved for
the wealthiest individuals, banks and later large corporations.
That all changed in the late 1990s when the rise of the internet and advances
in technology enabled individual traders to connect with forex dealers, view
market prices and make trades online.
Modern Forex Trading
Today, forex trading continues to grow in both volume and popularity. While
the stock market and the bond market have a daily volume in the billions of
pounds, the forex market has a daily volume of over £2.7 trillion. In fact, the
forex market is so large that it offers traders great opportunities to buy or sell
for potential profit anytime they wish.
As you read through this guide, you’ll see that forex may offer active traders
significant benefits over other trading products.
INTrOduCTION
Over the last decade, the foreign currency exchange market has become one of the fastest-growing in the w
Flexible and inexpensive, foreign exchange trading, or forex, appeals to traders of all levels.
Forex VS. Other Markets’ Daily
Tradable Volume
Forex
*
Bonds
*
Stocks
*
more trade
volume creates
liquid markets
Over £2.7 trillion £554 billion £56.8 billion
WOW!