*HISTORY OF FOREX* The history of Forex (Foreign Exchange) dates back thousands of years, evolving significantly over time. 1. *Early Beginnings*: Currency exchange started in ancient times, with early forms of money like coins. As trade expanded between regions, the need for exchanging currencies arose. 2. *Gold Standard (1870s-1914)*: Currencies were pegged to gold, stabilizing exchange rates. This system facilitated international trade but limited monetary flexibility. 3. *Bretton Woods System (1944)*: After World War II, the Bretton Woods Agreement established fixed exchange rates tied to the US dollar, which was convertible to gold. This system aimed to stabilize global currencies and promote economic growth. 4. *Floating Exchange Rates (1971)*: The US abandoned the gold standard, leading to floating exchange rates. Currencies began to fluctuate based on market forces, increasing volatility and opportunities for speculation. 5. *Modern Forex Market (1980s-present)*: Advances in technology, deregulation, and globalization transformed Forex into a massive, highly liquid market. Online trading platforms emerged, allowing retail traders to participate. Today, Forex is the largest financial market globally, with trillions traded daily. It continues to evolve with new technologies and trading strategies.