Online forex trading is when buying and selling of financial assets happen through the internet.
The history of online forex trading is a revolutionary and fascinating story.
It is a story of two fantastic worlds colliding and changing the forex trading industry forever.
And the two worlds that were destined to meet were the internet and the world of forex trading.
Before the internet became part of forex trading, investors usually call their brokers using landlines before they go ahead to place their trade.
But today through internet based trading, with just a few clicks and keystrokes, you can now initiate a trade with no assistance.
In the early days of internet based trading, brokerages make use of a trading system known as an electronic communications network (ECNs) to display in house bid and ask price.
Towards the late 1980s, most of the financial industry has begun to see that the internet has some potential, and there was a growing interest in the ownership of the personal computer.
Because of these, many of the leading brokerages begin to develop their internet trading software. And some even went as far as buying companies that have successfully grown their internet trading software.
Over the next couple of years, the history of online forex trading developed slowly.
In 1987, the stock market was crippled by the gulf war and recession. But for retail traders, the cost was generally high.
But in the 1990s, things shifted, and the global online system took off.
Conclusion
The bottom line is, in today’s world, you no longer need to dial your broker‘s phone number to make a trade.
Now, you can access your account through the internet at any time and make your trade.
You can even find different types of analysis tools, which can help you make the right trading decisions.
These have made the future of the global online trading system brighter and promising.
