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The modern Forex Trade took its first step in 1971. Before that there were government restrictions in foreign exchange transactions. The restrictions were imposed on Forex Trading due to the Bretton Woods system. After 1971 the ban on foreign exchange transactions was withdrawn & this came as a boon to Forex Market. Today more and more investors are taking interest in Forex because not much money is required to enter this market. Its high liquidity, transparent operations, lower expense, no time limits, accessibility to information at any time, forecasting of market trends are some of the reasons. Forex traders assist the investors in this market.