After the modern currency exchange was developed in the 1970s, forex trading has incorporated just about every country in the world. Since it spans the entire globe, it's not hard to conceptualize the diversity in the FX market. At the most basic, there are about 180 currencies in the world, and each one can be purchased and re-sold at a higher rate for a profit. This means that a trader in the FX market has millions of trading options. A trader has the ability to take one currency, such as U.S. dollars, and turn it into pesos, euros, yuan and more. In turn, that … [Read more...]