Foreign exchange market

The foreign exchange (currency or forex or FX) market exists wherever one currency is traded for another. This is by far the largest financial market in the world, and includes trading between large banks, central banks, currency speculators, multinational corporations, governments, and other financial markets and institutions.
The average daily trade in the global forex and related markets currently is over 3 trillion US$.
Retail traders (individuals) are a small fraction of this market and may only participate indirectly through brokers or banks, and are subject to forex scams.the chart you can see the evolution of forex trade since 1989 to date. The small volume from 2001 is mainly because the US economy going down and the 9/11 attacks.
Foreign exchange trading increased by 38% between April 2005 and April 2006 and has more than doubled since 2001.

The forex history

The Forex Trading is being called "today's exciting new investment opportunity for the savvy investor".
Maybe you ask why?
The reason is that the Forex Trading Market only began to emerge in 1978, when worldwide currencies were allowed to 'float' according to supply and demand, 7 years after the Gold Standard was abandoned. Up until 1995 Forex Trading was availabl only to banks and large multinational corporations. Since then, thanks to the proliferation of the computer and a new era of internet-based communication technologies, this highly profitable market is open to everyone. The Forex Trading Market's growth has been unprecedented, explosive, and continues to be unequaled by any other trading market.