FOREX HISTORY
Forex history begins from a very long
time. When you be, starting from the transaction Forex
trading commodities, like gold, rice, and others. Currency
for the transaction itself, such as now, the market
has experienced the evolution.
In general, the evolution of the Forex market until
now, such as this can be divided into 4 stages:
- Gold Standard Period, 1880-1914
- The period of World War I, 1919-1939
- Bretton Woods period, 1946-1971
- Exchange Rate float period, 1971-present
But, in broad outline, the evolution of the Forex market
divided into 2 phases, namely the period of Fixed Exchange
Rate and Exchange Rate Period float. Gold Standard Period,
Period Period of World War I and the Bretton Woods period
is the period including Fixed Exchange Rate. At this
stage, the transaction does not excite the Forex exchange
rate changes can only occur in a relatively narrow range.
Because the exchange rate set by state governments (based
on the agreement) with a certain amount of value gold.
After the Bretton Woods period, after the failure of
Fixed Exchange Rate Period in maintaining economic stability,
Forex transactions enthusiastic start. This happens
because the assessment of the exchange rates between
countries to be fully market mechanism. Market that
will determine whether the exchange rate is too expensive
(over-valued) or too low (under-value).
At this time forex trading is very easy to do by anyone
and from anywhere. Capital with a computer connected
to the internet, you can already transact business either
forex trading from home, office, cafe, and of course
it is important that facilities have internet connection.
Forex trading is the biggest market in the world measured
by total transaction value. With the transaction so
that each volume per day of $ 3 billion, this offers
the advantage of a very big and is one of the interesting
opportunity to earn money online.
Many people already make forex as the main source of
income. And that's only fair because the forex is a
business that is very-very promising, provided the management
with a calm heart and a little knowledge will generate
a profit is very abundant.
Hopefully useful to
all of us ..
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