Foreign exchange dates back to ancient times, when traders first began exchanging coins from different countries. However, the foreign exchange it self is the newest of the financial markets. In the last hundred years, the foreign exchange has undergone some dramatic transformations. The Bretton Woods Agreement, set up in 1944, remained intact until the early 1970s. Trading volume has increased rapidly over time, especially after exchange rates were allowed to float freely in 1971.
Now, in modern times, all transactions are being held via Interbank, namely the primary, money market. Before the year 1998, the foreign exchange market was only available to larger entities trading currencies for commercial and investment purposes through banks, now online currency trading platforms and the internet allow smaller financial institutions and retail investors access a similar level of liquidity as the major foreign exchange banks, by offering a gateway to the primary (Interbank) market. The Phase Markets, offers its clients 2 major platforms. One of them is the most-popular and most-used among traders, Metatrader4. The other one is the Phase Station. With Phase Station, a trader can have bunch of extra tools which MT4 do not have, such as close-all, close-winners etc. We as Phase Markets, know what a trader really needs in a quite fast market. Thus, we bring you the Phase Station.
Thanks to these online platforms all around the world, the market liquidity significantly rose to 5.5 trillion USD per day. This made the forex market almost unbreakable and unmanipulative. With such a huge volume, one can assume that the forex market is extremely volatile, changing at a moment’s notice, depending on conditions within that country So, what is forex trading market, really? The answers are simple – and complex. The Phase Market LTD, delivers webinars and seminars on the features of forex market, similarities and differences with other markets. Learn to trade forex with Phase Markets.
The online forex trading is not a game, nor a gambling. We, Phase Markets, believe that it is a science and engineering. And we are keen to teach the dynamics of this market to our clients and traders. As Phase Markets, we believe that every single person, whether dealt with finance or not, before, can manage his own money and his own savings. For better future and better world, learn more, learn to trade, invest your future with Phase Markets.