Why haven’t I heard of Forex?
back to menu If you haven’t heard of Forex it’s probably because it is the newest financial market in the world, created in 1978 when the entire world adopted a free floating currency exchange rate between all of the currencies in the world. Before this time, there was no such thing as the Foreign Exchange market since currency values of each country were directly pegged to the value of Gold, under the Bretton Woods agreement. Not only has the market been developed so recently, but it’s only the last decade that individuals were able to participate in the trading of Forex. Before that mainly banks and large institutions were the only players in the Forex market, since the minimum lot sizes to trade Forex were millions of dollars. Because of this, people are just now finally realizing the endless benefits of trading this profitable market. Is trading Forex better than trading stocks? back to menu With an average daily volume of $1.5 trillion per day, Forex is far and away the most enorm
