Monetary Market in its current form has matured only in the twentieth century. Market currency trading qualifies periodically successive phases of increasing the frequency and amplitude of the increase of price changes (volatility of exchange rates), as well as their relative stability. Up to the forties of last century, the base currency was trading in London and the UK currency is the currency for the formation of foreign exchange reserves and settlements. As a result of World War II, the UK economy has suffered a huge loss. One of the economically developed countries, which on the contrary, even improved its economy, was the United States of America. Therefore, in 1944 between the United States, France and Great Britain signed Brett-Vudssky agreement under which United States dollar became the reserve currency for the major capitalist countries. Currencies of these countries have been closely tied to U.S. currency (organized so-called corridors of exchange), and he was tied to the price of gold at the rate of 35 U.S. dollars per ounce of gold. The emergence of the Forex market in its present form was in the 70s of the 20th century, when they were introduced independently by changing exchange rates. This meant that now the currency of any country could carry out any transactions of any person. The cost of the currency is now determined only by the current supply and demand in the currency market. Due to the introduction of a changing rate grew remarkably fast amount of currency trading in the Forex market. For your information, the turnover per day in 1977 was approximately $ 5 billion in the United States, and in 1987 he was roughly $ 600 billion in the current daily volume of transactions on the currency trading in the Forex market is estimated at 4-4.5 trillion dollars, which is comparable to the three annual budgets of the United States of America. The emergence of new technologies in the field of currency trading was reflected in the fact that organized the automated dealing systems, and there was a transition to a virtual currency trading (Internet). Dealing centers in different countries have been combined into a single network, and electronic brokers in the Forex market have special electronic system. The current microprocessor technology, the development of new software, telecommunications, along with increased experience, resulted in significant improvement of the quality of the traders. It is characterized by their ability to trade profitably and reduce the risks associated with currency trading on Forex. On the basis of much
increased the amount of purchase - sale of foreign currency in the Forex market.
