what is forex trading
The firm Alexander Brown & Sons traded foreign currencies exchange sometime about 1850 and were a leading participant in this within U.S.A. During 1880 J.M. do Espírito Santo de Silva (Banco Espírito e Comercial de Lisboa) applied for and was given permission to begin to what is forex trading engage in a foreign exchange trading business.
1880 is considered by one source to be the beginning of modern foreign exchange, significant for the fact of the beginning of the gold what is forex trading standard during the year.
Prior to the first world war there was a much more limited control of international trade. Motivated by the outset of war countries what is forex trading abandoned the gold standard monetary system.