Foreign Currency Online Trading Platform - Brokerage

Foreign currency online trading platform brokerage is also referred to as FX or Forex. The foreign Currency Exchange Market online trading platform allows access to an inter-bank or inter-dealer market that was established in 1971 when floating exchange rates began to materialize. In addition, it is an Over-The-Counter market, meaning that transactions are conducted between two counter parties that agree to trade. Trading is thus not centralized, as is the case with many stock markets or as the case for international currencies futures or options, which trade on special exchanges. Currencies are traded every day for numerous reasons.