Speculation

Forex is one of the world’s oldest and most established markets, with its origins dating back centuries. There are several theories as to how foreign exchange markets first came into existence, but many believe that during the Babylonian era, merchants required a reliable method of exchanging and valuing goods and services. With the introduction of money, merchants needed a way to exchange different currencies. This gave birth to the practice of exchanging one country’s currency for another. As foreign exchange markets evolved, currency traders have developed a range of theories and strategies aimed at predicting price movements and capitalizing on them. Additionally, online and technology-driven platforms have opened up the foreign exchange markets to a much larger pool of traders and investors, allowing the average person to become involved in currency trading.