To understand the world’s most liquid market today, we need to explore its origins. The history of Forex reveals how currencies, trade, and technology have shaped our current system.
🔥 Key Highlights:
-Ancient Beginnings: Currency exchange predates modern banking, starting with barter systems and evolving into coins and paper money.
-1944 Bretton Woods System: Global leaders pegged currencies to the US dollar, establishing it as the world’s reserve currency.
-1971: End of the Gold Standard: The collapse of Bretton Woods led to floating exchange rates, giving rise to the modern Forex market.
-1980s–1990s: Globalization and Technology: Advances in communication transformed trading, making Forex accessible to individual traders.
-Rise of Online Retail Trading: By the late 1990s, online platforms democratized currency trading for everyone.
-Forex Today: A 24/5 market connecting financial hubs worldwide, built on decades of evolution and innovation.
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