Why was nobody trading in Forex earlier?
The initial requirement was that you could trade only if you had over ten million dollars. It was originally intended to be used by bankers and multinational corporations. Forex was opened to everyone during the late 90s b it attracted investors because of the rise of the internet, its huge leverage, low capital investment and flexibility, some brokers let you open a trading account with as little as $ 100 or less. It is the most liquid, largest and fastest growing financial market in the world.