Forex, contraction of Foreign Exchange, indicates(appoints) the foreign exchange market, in other words the " stock exchange" of the currencies.
Forex such as we know it today was born in 1973 when the international community subscribed to the regime of floating exchange rates. Before this date, the foreign exchange rate was fixed with regard to the dollar, according to the agreements of Bretton Woods of 1944.
This profound modification of the international monetary system allowed to bring to light tremendous opportunities of investment, thanks to the variations of the courses(prices) of currencies. Indeed, in spite of its young age, Forex very fast became one of the biggest markets of the world, with a daily volume of transactions(deals) reaching(affecting) the 3000 billion euro...