forex market is a nonstop cash marketting where currency of nations are trade and via brokers. Foreign currency are continually and simultaneiously bought and solt across local and global markets. The value of traders investments increases based on currency movements foreign exchange, the market conditions can change at any time in response to real time events.

The main attractions of short term currency trading to private investors are

1) 24 hours trading and 5 days a week with nonstop access to global forex traders.

2) An enormous liquid market, making it easy to trade most currencies.

3) standard instruments for contol risk exposure.

4) Ability to profit in rising as well as falling markets.

5) Leveraged trading with low margin requirements.

6) Many options are for zero commission trading.

HISTORY OF FOREX MARKET

The following is an overivew into the historical evolution of the foreign exchange market and the roots of the international trading from the days of the gold exchange, through the bretton-woods agreement, to its current.

GOLD EXCHANGE PERIOD

Bretton woods established in1944, fixed national against the us dollar and set the dollar at a rate of USD 35 per ounce of gold in 1967, a chicago bank refused to make a loan was due to the bretton woods agreement.

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