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People probably don’t think about it, but Forex is arguably the oldest financial exchange instrument.
It has a lot of firsts to its credit, as a consequence. Foreign exchange has been constantly evolving and finding new ways to incorporate people in the market. That’s partly why it is the largest financial market in the world.
Forex had a pretty basic origin and predates written records when traveling merchants traded the coins of ancient city-states.
The key theme, even then, was the ease of access for anyone willing to make the investment to get into the market.
Now, of course, we can’t talk about “online” trading until there is the internet. But, in a certain sense, Forex was part of the birth of the internet – or, at least, the precursor to the internet that we know today.
Even as far back as the 19th century, banks were communicating with their peers overseas ...
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