• Business

    A Brief History Lesson in Forex Trading

    Forex trading has got to be the biggest financial market in the globe today. However, this was not always the case and just like everything else, it grew over the years. Given the larger scale today, trading through Forex or even CFD should take into account what happens in the world today as this heavily affects the currency prices that traders would transact. The use of the Gold standard did not happen until 1871 and is considered the turning point of Forex trading today. Let us take a trip back into the origins of Forex trading. Pre-Gold Standard There was a time when there was no existing international system for…