INTRODUCTION TO THE FOREX MARKET...

INTRODUCTION TO THE CURRENCY MARKET..

In order to exchange yen for pounds, the actual transaction to meet this criteria is to buy GBP/JPY currency pair. in the following example GBP is the ISO code for Great Britian Pounds while JPY is the ISO code for Japanese Yen.

BRIEF HISTORY...

Until the late 1970s, currency trading was limited to large companies, conducting business in multiple countries..

Trading for Investment purposes and Speculative purposes was not widely in practise at this time, amd most trading was more focused on Commodities and individual stocks. But all thanks to the brokers who made it easy to make profit from speculations....

WHAT IS SPECULATION?  It simply means profiting from fluctuation in prices for currencies and other investment securities...