Technology Meets Finance: The Trading Evolution  

Takeaways

• Trading in the Modern Age
• The Impact of Technology on Forex

Trading is an intrinsic part of what makes us human. Intrinsically we trade to survive, for safety, or to feel better. But also if we are completely honest with ourselves, we trade to make others envious of our success.

It’s no secret that trading has revolutionized in an attempt to keep up with the pace of the modern world. 21st-century trading offers countless opportunities. As modern technology continues to grow the trading arena will become increasingly more exciting.

And Envi FX will be here to ensure that the alphas of the trading world can continue to thrive

How did Modern Forex Start? 

Even though we are exchanging currencies since there is more than one form of counting riches, the origins of the modern Forex markets are not that old. Part of the evolutionary process of Forex meant changing and reforming the system, to properly reflect the status quo.  

Forex as we currently understand dates back to the 1940’s Bretton-Woods accord. After World War II gold became the world’s reserve currency.

However, a system that had taken over a decade to be fully implemented became defunct by the 1970s. By this time we had a new leader of the pack. The US Dollar became the new global reserve currency, partially due to the greenback’s influence during the Cold War.

The US Dollar became a safe haven. It made currency exchanges quicker and more efficient, with both purchasing and selling currencies fluctuating against each other. It is for this reason that nowadays we can bid on a pair you don’t own and still be profitable despite the currency being weak.

Technology Revolutionizes Trading

Trading multiple pairs on Forex and cryptos in your smartphone with Envi FX were nothing short of a pipe dream during the first days of Forex. If you were to trade currencies in the past, you either needed to be physically in an exchange house or when much, dialing a phone number constantly to request bids, asks, and even the current prices of any given currency.

The internet was the first step in order to make Forex accessible, with some places allowing you to consult prices before calling, and after what might’ve felt like ages, being able to fully trade online. The speed-up caused by the “dotcom revolution” made Forex’s markets increase in scale and volume traded daily. This increased velocity allowed many other quality-of-life improvements, for instance making overseas transactions quicker as the globe shrank its size – at least digitally – from the sheer power of the internet.

In order to actually make consistent money over a long period of time as a trader, you have to first BE a successful person over a long period of time. Have you ever heard the saying “Success is where opportunity meets preparation”? Well, the most important part of that saying for a trader is “preparation”. You have to be PREPARED for success, it isn’t just something that magically happens after you start making money trading.

Smartphones, EnviFx and the Forex Revolution

If the internet made Forex accessible, Smartphones up the ante tenfold. With 4g and wi-fi, every corner of the planet is your stage to become a Forex trader and start your journey of success.

Mobile internet access is now the main way traders access the markets and make their profits. With the proper platform, plan and connection, you can trade from any spot in the globe. No need to work 9 to 5 to sustain your Forex investments, you should make your money work for you. With Envi FX that is not only possible, but it is achievable.

By using the best providers, Envi FX is capable of delivering lightning-fast deposits and withdraws, killing FOMO before it even starts. Our platform is focused on improving your opportunities for success, and delivering on promises is our main focus on Envi FX. With 24/7 support, a modern and sleek platform that will make your story a legend.

Sign up with us, and join the Forex revolution today.