Mark Williams

Forex markets are platforms wherein banks, governments, businesses, traders, and investors meet to buy and sell foreign exchange or forex for short. Forex markets are open for business 5 days a week and 24 hours a day.

Important forex markets are located in New York, London, Zurich, Tokyo, Hong Kong, Frankfurt, Sydney, Singapore, and Paris

Back in 1876, the gold standard system was set up which made it mandatory for all nations to back their currencies with solid gold