NOV 26: Global Expansion and It s Reaches within the Forex Market
The foreign market originated in 1973 and more than three decades later, the forex market has been expanding and developing into the robust worldwide market it is today. Even so, currency or money has always been in our society, in one form or another, since the ancient time of the Pharaohs. The first currency dealers started in the Middle East, where these moneychangers exchanged coins from one country to another. When paper bills were introduced as a transferable monetary resource, the transactions became easier for all the traders. The strengthening and development of economies were strongly encouraged by forex and the international trading, bringing many benefits to all the countries involved.

Unlike a stock, which represents equity in a company and can be held for a long time, if not indefinitely, commodities contracts have finite lives. The word “contract” is used because a commodities contract requires delivery of the commodity in a stated month in the future unless the contract is liquidated before it expires.