Ancient Times

Since the time of Pharaohs money has been everywhere in one form or another . The first currency traders is middle Eastern moneychanger who exchanged coins from one culture to another. However, during the middle ages, the need for another form of currency besides coins emerged as the method of choice. The Babylonians are credited with the first use of paper bills and receipts. These paper bills represented transferable third-party payments of funds, making foreign currency exchange trading (also referred to as Forex or FX) much easier for merchants and traders.
From the infantile stages of foreign currency exchange during the Middle Ages to WWI, the Forex markets were relatively stable and without much speculative activity. After WWI, the Forex markets became very volatile and speculative activity increased tenfold.
From 1931 until 1973, the Forex market went through a series of changes ? many of which have paved the way for the road ahead. The Forex market, as we know it today, originated in 1973.

Introduction To Ascend Forex

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