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October 23, 2017

Question:When a money exchange started in the world? and What is the history of financial markets?

Answer:

The first evidence of money exchange is referenced in Talmudic writings, where people would change money, whilst taking a commission for themselves.

1472

The world’s first bank, Monde Dei Paschi di Siena was founded in Tuscany.

1875

The Gold Standard was introduced. This is one of the most important events in the history of Forex, and was a commitment to fix the value of a currency to a specific quantity of gold.

1950

The Eurodollar market was established as the Soviet Union deposited much of its oil revenue outside the US in order to avoid the control of the US authorities.

1971

US President Richard Nixon eliminated the Gold Standard to combat high inflation levels, which led to free-floating currency exchange rates.

1980

London became the centre of the Eurodollar market when British banks lent dollars as an alternative to pounds in order to maintain their position in the global financial markets.

1996

Increasing popularity of the internet. Until this time, currency trading was almost exclusive to large companies who conducted business internationally.

PRESENT DAY

There are now more than 19.3 million retail FX traders worldwide operating through more than 700 Forex brokerages.

All Forex Brokers

  • IFC Markets
  • FxPro
  • IronFX
  • Axiory
  • FBS
  • Land-FX
  • MyFX Markets
  • Titan FX
  • Traders Trust
  • XM
  • LMFX
  • FXDD
  • ForexClub
  • KVB Kunlun
  • Tradeview
  • EightCap
  • FXOpen
  • HotForex
  • FXGiants
  • LQDFX
  • Fortrade
  • CM Trading
  • InstaForex
  • FXPRIMUS
  • ForexMart
  • Valutrades
  • AvaTrade
  • Yadix
  • RFXT
  • easyMarkets
  • JustForex
  • Swiss Markets
  • FXTM
  • HYCM
  • FP Markets
  • SimpleFX
  • IC Markets
  • Evolve Markets
  • Tickmill
  • Markets.com
  • Z.com Trade
  • UFX
  • Anzo Capital
  • LiteForex
  • 4xCube
  • OctaFX
  • Tifia
  • XTB
  • AAAFx
  • NordFX
  • FXGlory
  • Capex
  • ClickTrades
  • TopstepFX
  • HotForex ZA (South Africa)
  • XMTrading

All Crypto-Currency Exchanges

  • CEX.IO
  • HitBTC
  • Paxful
  • BitMEX
  • C-CEX
  • Binance
  • Cryptopia
  • YObit
  • Wisebitcoin
  • Bibox
  • BKEX
  • CoinPark
  • CoinEx
  • IRONX
  • CoinField
  • bybit
  • Bitpanda

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