Forexmarket

 The currency market has existed for centuries in its most basic form. To buy products and services, people have long swapped or bartered things and money. The forex market , as we know it today, is, however, a relatively new invention. More currencies were permitted to float freely against one another once the Bretton Woods agreement began to fall apart in 1971. Individual currency values fluctuate based on demand and circulation, and foreign exchange trading firms keep track of them. The majority of forex trading is done on behalf of clients by commercial and investment banks, but there are also speculative opportunities for professional and individual investors to trade one currency against another. Currency as an asset class has two unique characteristics: 1. You can profit from the difference in interest rates between two currencies. 2. Changes in the currency rate can benefit you. By buying the currency with the higher interest rate and shorting the currency with the lower intere