A History of Forex

Interested in learning the history of forex?  The forex market has been around for centuries.  Since the beginning of time, people have bartered goods and currencies to purchase goods and services.  The forex market, as it is today, however, is a relatively modern invention.

In 1971, when the Bretton Woods accord collapsed, many currencies were allowed to float freely.   And the values of individual currencies varied based on demand and circulation.  And are monitored by foreign exchange trading services.

Banks conduct most of the trading in forex markets on behalf of their clients.  But there are also speculative opportunities for trading one currency against another.

There are two features of trading currencies:

• You can earn the interest rate differential between two currencies.
• You can profit from changes in the exchange rate.

An investor can profit from the difference between two interest rates in two different economies.  This is done by buying the currency with the higher interest rate and shorting the currency with the lower interest rate.

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