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What is Forex ?

   The story of forex, or foreign exchange, dates back to ancient times when traders exchanged goods and currencies to facilitate trade between different civilizations. As economies expanded, the need for a standardized currency exchange became apparent.

   The modern forex market began to take shape in the 1970s with the collapse of the Bretton Woods system, which had pegged currencies to the U.S. dollar. This led to the rise of floating exchange rates and the birth of today's decentralized forex market enabled by technology and the internet.

   Over the decades, the forex market has evolved to become the largest and most liquid financial market in the world, with trillions of dollars traded daily. Advances in trading platforms and algorithms have democratized access, allowing individual traders to participate alongside major institutions.

   Today, forex trading remains a dynamic and crucial element of the global economy, influenced by geopolitical events, economic reports, and market sentiment.