While daily forex trading volumes may have fallen in recent times, an average of $5.1 trillion continues to be spent during each 24-hour period. This highlights the enduring popularity and the liquidity that exists within the marketplace, even during times of austerity and economic decline.
While this is one thing that has not changed over time, however, in many ways the forex market has evolved considerably during the last 20 years. This is thanks largely to technological advancement, which has changed the way in which financial traders operated and created wealth of opportunities for potential investors.
In this post, we will look at how technology has changed forex trading during the digital age and the impact that this has had on investors.
Removing the Barriers to Entry
Forex trading refers to the buying and selling of currency, which is usually traded in major and minor pairs as explained here. …