Open five and a half days a week, 24 hours a day and completed in a duel currency method, the Forex Market is a global financial powerhouse producing up to 4 trillion dollars in daily turnovers. How? Whether you’re travelling to an exotic holiday in a foreign land, have your own business and need to export international resources, or are working in another country but need to send funds back home - you need to know about the trading of currencies. Depending on how these currencies compare with each other will show how much you gain from making a return. From cheques and bank drafts, to bills of exchange and mail transfers, all these words can seem foreign to someone not familiar with the Forex industry. So before you invest yourself in the Forex Market, knowing about how it all began will give you an upper hand on about how to adapt to the daily changes in this industry. And of course, there must have been other forms of currencies used before the Yen, Euro and even the US Dollar. If you want to find out how it all started, read the fun timeline on the Rise of the Forex Empire below!
Infographic by: knowledgetoaction