The Emergence of BUSINESS
LegacyFX Introduction
THE FOREX RETAIL MARKET
THE EMERGENCE OF THE FOREX RETAIL MARKET
Trading has been around since the dawn of civilization, and trading currencies has been a part of this since nations began minting their own coins.
However, the modern Forex mar-
their individual values determi-
corporations and high-net-worth
ket as we know it today has only
ned freely by demand. This led
individuals, as these were the
been in existence for a relatively
to the emergence of the modern
entities that had the required
short time.
Forex market, where currencies
level of capital. However, once
are traded in pairs and profits
the internet became all-perva-
are made on price fluctuations
sive, opportunities opened for
between those pairs.
individual day traders to enter the
The Bretton Woods System In 1971, the United States effectively brought the Bretton
The Digital Age
market. The retail market emerged with the internet, facilitating
Woods system to an end, which
For several decades, Forex trading
smaller trades and access to the
allowed people to trade curren-
remained the sole pursuit of large
Forex market for almost anyone
cies against one another with
institutional investors, funds,
who wanted to try their hand.
Forex traders need to be able to manage their emotions to be able to regularly make successful trades.
More information about trading psychology can be found by visiting the LegacyFX blog.