Today, the Forex market is a nonstop cash market where currencies of nations are traded, typically via brokers. Foreign currencies are continually and simultaneously bought and sold across local and global markets. The value of traders' investments increases or decreases based on currency movements. Foreign exchange market conditions can change at any time in response toreal-time events. The main attractions of short-term currency trading to private investors are:24-hour trading, 5 days a week with nonstop access (24/7) to global •Forex dealers. An enormous liquid market, making it easy to trade m ost currencies. •Volatile markets offering profit opportunities. •Standard instruments for controlling risk exposure. •The ability to profit in rising as well as falling markets. •Leveraged trading with low margin requirements. •Many options for zero commission trading. The following is an overview into the historical evolution of the foreign exchange market and the roots of the international currency trading, from the days of the gold exchange, through the Bretton-Woods Agreement, to its current manifestation. A brief history of the Forex market
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