Forex trading and Web hosting

History Forex
History of Currency Trade: The very beginnings of FOREX or currency trade have an important place in history. A careful glance at ancient cultures reveals that trade played a significant role in daily life. The earliest form of currency in use were coins. However, sometime in the Middle Ages, a need was felt for a different form of payment. Today, it is agreed that the Babylonians were among the first to use paper bills and receipts. Trading was never the same again. From then onwards, till around the early 20th century, the markets themselves underwent a huge change as they became more volatile in nature due to the increased activity. The FOREX market, as we know it today, originated in 1973. The FOREX market is relatively young and is the largest financial market in the world today. Some of the players in this huge playground include banks, currency speculators, multinational co operations, governments and other financial markets and institutions.
Who are players in the cross currency forex market: Apart from banks, financial institutions, primary dealers, money market players, business houses, brokerage firms, investment banks, Individuals too can be a part of this market, but individuals often participates indirectly through banks or brokers.
Reasons for popularity ofForex market:
* Transactions can be made on the internet, or through the phone,
* The market is open 24 hours.
* The leverage that this market offers
* The high liquidity and
* Tthe low dealing costs are few of the reasons for its popularity.
Since the brokers or dealers negotiate directly with each other, there are no clearinghouses or central exchanges, making it free from any external control.
Size of the forex markets:
In 2006 alone, London was touted as the biggest trading center in the world, and the top ten world traders were believed to account for 73% of total trading volume. It is estimated that the average trade in the markets exceed 2- 2.5 trillion US dollars, on a daily basis.