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Forex Education: How Technology is transforming the sector

Circle back to the 1960s or the 1970s, the era before the internet.

Foreign trading was esoteric, only accessible to banks and the wealthy. FX wasn't devolved and liberal as it is.

Thanks to technology, Forex is creating millions of opportunities for traders across the world. Because of new technology, such as blockchain, for example, there is flexibility and more freedom. 

You don't always have to trade using USD or fiat. 

Instead, traders can still clip the market, flipping currencies using cryptocurrencies like BTC or ETH. At the same time, they are free to trade complex derivatives like CFDs, indices, and commodities, without high capital outlays.

Moreover, due to new technology, Forex as an international market has become more robust with more players, making the space more competitive and resilient.


Keen to learn the forex market? Check out our other explainer articles in our Learn Forex blog. 


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Since AltumFX is not under the supervision of the JFSA or ESMA, it is not involved with any acts considered to be offering financial products and solicitation for financial services to Japan or in the European Union countries and this website is not aimed at residents in Japan or in the European Union countries.

Risk Warning: Trading any kind of financial instrument, including derivatives, carries a high level of risk and may result in the total loss of your investment. You should only trade with money you can afford to lose. Trading derivatives may not be suitable for all investors. By trading with AltumFx, you acknowledge your understanding of this risk warning and your agreement with the Terms and Conditions. AltumFx always recommends you seek independent advice if necessary.