The Foreign Currency Exchange (Forex) Market enables investors to make trades between major world currencies in order to make a profit. The Forex is the epitome of all traded markets since it is the least complicated and allows for trading 24 hours a day five days a week. It is hard to beat this combination when the goal is to develop a good system, stick to it and make a profit. The simplicity of the Forex Market as compared to the thousands of possible investments in other markets, combined with a persons ability to trade nonstop almost every day of the week, makes the Forex an ever increasing and desirable trading partner.
Pharaohs to the Middle Ages:
Foreign Exchange Markets have been alive and well since the Middle Ages. And even long before that, various currencies changed hands between regions and countries since money first originated during the time of the Pharaohs. It appears the Babylonians were the first to use paper bills and receipts which facilitated the exchange of currencies between third parties.
U.S. Centennial to World War I:
Between 1876 and World War I, Foreign Exchange Markets were very stable. This stability was created...