Get to know the history of forex - Decades ago, when it comes to Forex trading, only rich people and wealthy businessmen could trade and learn Forex. Other than that, the traders were large financial institutions such as central banks, private and government banks, and large commercial companies. This is because the capital needed to trade in Forex market was large, so this wasn't a business for everyone.

Now that the internet and digital world has developed, the Forex market was beginning to follow the technology. So in late 90's, almost all individuals were starting to trade in the Forex market. Now, from entrepreneurs, office staffs to stay-at-home moms, everyone can jump right in into the Forex market! How amazing is that?

How Did It Start?

Exchanging currency is actually not a new thing. This has long existed in the world, although back then it was way simpler than our modern trade. At first, it was trades between gold, silver, copper, or anything a like. Gold was the standard for international currency exchange. Gold also became a benchmark for the stability of the world economy. 

Over the time, each country began to set their own currencies. So, when people were travelling to other countries and made international trade, they would need to exchange currencies. Gold was created as the international standard for currencies back in 1875. This was the first event in the Forex world. 

Before that, the international trade used gold and silver for their payment method. The problem was, their value were affected by supply and demand. Whenever there was a discovery of new gold mine, the price of gold went down. So, government chose gold as the standard payment method and guaranteed that the currencies are backed by gold. In this case, the government needed a lot of gold in order to meet the needs of this method. So, the countries set their currencies with gold. 

Then, the price difference between the currencies was the start of Forex world. Because of World War I, however, the gold standard system collapsed because at the time, there was not enough gold compared with the extra money that the European government had printed. At the beginning of World War II, most countries stopped using it as the standard system.

In the city of Bretton Woods, New Hampshire in July 1944, the international monetary management was discussed. This is known as the Bretton Woods System. The result was fixed exchange rate, US Dollar replaces gold as standard currency, and creation of International Monetary Fund (IMF), International Bank for Reconstruction and Development, and the General Agreement on Tariffs and Trade (GATT).

Forex in Indonesia

As Forex trading is done mostly online, it's not hard for Indonesians to catch up. To learn about Forex and run the investments, Indonesians belive that it's easier and cheaper capital compared to opening another type of business. That's why Indonesia is one of the countries that has rapid development of Forex trading, and we have seen Indonesian traders gaining success and big profits from this. 

Forex has then become very popular and more people are interested in this. If you want to be like them, then you need to start learning about this and gaining more experience. To be a successful trader, you need to have the discipline of learning. There are so many good sources on the internet, and this can lead your way.

There are a lot of broker companies in Indonesia, one of them is Didimax which has been in the Forex market since 2000. Now, Didimax has provided free education for those who want to learn about Forex. They also have courses both online and offline with highly qualified mentors. A broker company can help you achieve your goals faster.