Sunday, 4 September 2016

Short History of Forex

Short History of Forex
Forex Trading/Exchange is a world’s decentralized market place for trading the currencies. It includes buying and selling or exchanging of currencies. If we talk about the volume it is quite big market in the globe. Foreign Exchange doesn’t define the value of different currencies, but sets the current market price. Forex started in the ancient era.

History
Ancient: Exchange and Currencies Trading is referent to ancient times. People give money to needy once and help them, and also taking a commission or fee . Currency and Exchange are important elements of trading since ancient world, which enable the people to buy and sell different items.
During the 4th century AD, the Byzantine government kept a monopoly on the exchange of currency.
Later i will post Medieval Era and Modern era Trading.