Reply With" Thanks :39 AM #8 Gorex is a global financial market in which foreign currencies are traded the origin forex reviews engulfing of the forex market traces its history to the eighteenth centuries it was established in paris in 1867 the forex market is the world's. And, using Technical Analysis In The Gold Markets. Was introduced more successfully through force than through persuasion and is now the basis of today's modern currencies. Then we'll take a look at the major players that occupy the forex market - something that is important for all potential forex traders to understand. A number of realignments held the system alive for a long time but eventually Bretton Woods collapsed in the early 1970's following president Nixon's suspension of the gold convertibility in August 1971. In some economies, items such as teeth, feathers even stones served this purpose, but soon various metals, in particular gold and silver, established themselves as an accepted means of payment as well as a reliable storage of value. Near the end of World War II, the Bretton Woods agreement was reached on the initiative of the USA in July 1944. From 19, the Forex market went through a series of changes.
The history of forex trading
First currency systems appeared long time ago in Ancient Egypt, Greece and Babylon around 1000.C. In other words, a currency was backed by gold. Once again that was an obligation of English goldsmiths to pay its holder the certain amount of gold measured in pounds (that is where the name of modern British currency came from). So all this are what are put together in a more modernize way to form the forex market. It was important that a common base of value could be established. While commercial companies have had to face a much more volatile currency environment in recent years, investors and financial institutions have discovered a new playground. (For more on this, read. The roots of Forex trading are buried deep in centuries.
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