History, Origins & Significance of Forex Trading
Forex, or the foreign exchange market, is a global financial market where currencies from around the world are traded. It is one of the most important markets in the world, and its origins can be traced back to the Bretton Woods Conference of 1944. The conference set up an international system of fixed exchange rates, which quickly replaced the gold standard as the principal reserve currency. Since then, forex has grown significantly in significance, becoming a major driver of the global economy. Millions of transactions occur daily, and it is increasingly accessible to a wide range of participants, including individual traders, large corporations, and central banks. As a result, the forex market is highly liquid and offers participants numerous advantages, including unique investment opportunities and market access.
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