 |
COMPANY NEWS
|
|
 |
forex trading
The Foreign Exchange market originates in the repeal of the Benton Woods Agreement in 1971, when currencies were first floated independent of the gold standard. Since then, Forex has become an important tool for governments and institutions, as well as an indicator of economic strength.
In the last 10 years, computer technology has brought Foreign Exchange to the individual investor as never in the past. Whereas in the 1980s Forex transactions occurred exclusively between players on the interbank market, the ability to instantly provide clearing services to online traders has enabled the rise of Retail Forex.
Retail Forex now accounts for 32% of all Forex trading on any given day, and the number is growing. Retail Forex represented an amazing 387 billion dollar daily turnover as of 2001.
This rapid growth is based on the democratization of currency trading that has occurred with the advent of online trading. Anyone in the world, at any time, can log on and trade. At the same time, traditional investors-with experience in stocks, commodities, futures, etc.-are switching to Forex because of the superior liquidity and volatility to be found in Forex.
|
|
|
DEMO ACCOUNT
LIVE ACCOUNT
NEWSLETTER
|
|
