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It is not easy to understand the forex market at first glance. Each of the forex exchange taking place comprise of monetary units which can either be the currencies, services or goods. The prime objective of this article is to shed some light on history of forex trading going back to its roots and how it all started. Read on.
As we travel back to the very beginning of forex trading history, the use of barter system for trading was common. The price of goods was expressed and calculated in the terms of goods only. But the limitations of this system required the setting of a common benchmark of value, as a more general accepted means of exchanging. It was common to see everything from pretty stones to teeth to feathers to serve this purpose. But precious metals, like gold and silver, were looked upon as an accepted means of payment as well as a reliable value. But even this system had flaws and was not efficient.
The history of forex trading reveals that in 640 BC, the currency introduction in the civilization coast of Turkey was a step towards advancement in this field. It was possible to settle on the value through a universal thing and that was currency. It became common to see…
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Fizatata avatar
Fizatata 6 July

Good)

anvifx avatar
anvifx 7 July

nice work !!!

Slava_Z avatar
Slava_Z 16 July

Интересно!

Dominos avatar
Dominos 21 July

Well done!!

NataAzov avatar
NataAzov 12 Aug.

Интересно!

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8/59
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Good day, my friends! In this article I will introduce you to the Fibonacci levels.
History.
Indicator Fibonacci was named after the Italian mathematician Leonardo of Pisa who lived in Europe from 1175 till 1250 year. Fibonacci was his nickname. In his "Book of the abacus," written in 1205, the scientist detail examined a series of numbers -.. 0,1,1,2, 3, 5, 8,13, 21, 34, 55, 89, 144, etc., where each subsequent number is the sum of the previous two. The so-called summatsionnuyu sequence subsequently became known as the Fibonacci numbers. Fibonacci numbers - a system of natural numbers related to each other by certain relations and built on the principle of calculation of each subsequent member of the system, starting from the third through the arithmetic addition of the two previous ones.
Each of its members, beginning with the third, is the sum of the previous two, and the ratio of adjacent numbers of a number of approaches to the relationship, so-called, Golden Section, where the ratio of each of these numbers to the next member of the series tends to the value of 0.618, and the ratio of each term of the series the previous member tends to 1,618 (Fibonacci ratios).
In other word…
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arinakryshko avatar

Хорошая статья!_

s_amira avatar
s_amira 28 Feb.

Отличная статья!

Mikolaivna777 avatar

Супер

salamandra avatar
salamandra 28 Feb.

Well done!

killer195175 avatar

i like using fibonacci lines.

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35/68
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What Is Forex?

The foreign exchange market is the "place" where currencies are traded. Currencies are important to most people around the world, whether they realize it or not, because currencies need to be exchanged in order to conduct foreign trade and business. If you are living in the U.S. and want to buy cheese from France, either you or the company that you buy the cheese from has to pay the French for the cheese in Euros (EUR). This means that the U.S. importer would have to exchange the equivalent value of U.S. dollars (USD) into Euros. The same goes for traveling. A French tourist in Egypt can't pay in Euros to see the pyramids because it's not the locally accepted currency. As such, the tourist has to exchange the Euros for the local currency, in this case the Egyptian pound, at the current exchange rate.
What is the need of Forex?
The unique aspect of this international market is that there is no central marketplace for foreign exchange. Rather, currency trading is conducted electronically over-the-counter (OTC), which means that all transactions occur via computer networks between traders around the world, rather than on one centralized exchange. The market is open …
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rupesh1984 avatar
rupesh1984 17 Jan.

nice job :)

Elani avatar
Elani 18 Jan.

and I should do some reading on trading today))))

TInna avatar
TInna 19 Jan.

Nice job!

brilliant avatar
brilliant 25 Jan.

many articles is attracted to the history of forex . every one of them is special

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5/68
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Good afternoon friends. I'll tell you in this article about the history of the origin of forex.
History of creation.
In 1944 it took place the Bretton Woods Conference in the United States.
The conference was attended by two major figures: John Maynard Keynes (England) and Harry Dexter White (USA). They manage to create and accept the new order of the global financial system.
The main provisions of the Bretton Woods system
1.The International Monetary Fund has become an important institution that controls the international financial and economic relations;
2. Proclaimed currency, playing the role of international reserves (dollar and de facto pound sterling);
3. Adjustable parities of currencies tied to the US dollar (possible deviation - 1%); dollar pegged to gold (ounce of gold - $ 35);
4. The IMF members have the right to change parities only with the consent of the IMF;
5. At the end of the transitional period, all currencies should be convertible; ( to comply with this principle all governments undertake to keep international reserves and, if necessary - to make intervention in currency markets ).
6. Members of the IMF makes contribution currency and gold.
In The basis of the …
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bogos avatar
bogos 25 Jan.

coool

Wovch avatar
Wovch 29 Jan.

nice article

Elenadesign avatar

Спасибо за статью! Очень полезно!!

miriam1313 avatar
miriam1313 12 Feb.

I lik it, thanky you!

Alivio avatar
Alivio 9 Apr.

супер!

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38/69
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Trade the Japanese yen is considered difficult from the point of view of fundamental analysis, primarily because of the close links with the Asian stock market, us Treasury securities and interest rates. To ignore the third largest global asset clearly not worth it, so try to adapt to its special Eastern "logic". One of the oldest world currencies initially was equal to 1.5 grams of gold. The gold standard in Japan, several times overturned, in the end, after several strong devaluations, when the status of the international in 1953, the IMF has identified the equivalent of just 2.5 mg "the market" of gold. In the period from 1949 to 1971, the yen was rigidly pegged to the us dollar (us$1= ¥360) now has a floating exchange rate and is traditionally considered the second reserve currency after the dollar. Today the Japanese yen in world foreign exchange reserves is around 4%, yen assets, "holding" approximately 29% of the world stock market, as well as the basic currency pair USD/JPY accounts for nearly 15% of the turnover of the Forex, and 5-6% yield yen crosses pairs. Japan confidently holds the third position among world economies, Japanese exports of high-tech focuses on all bas…
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killer195175 avatar

bravo.

VictoriaVika avatar

nice one :)

anna_n avatar
anna_n 25 Dec.

отлично!

vitaliani86 avatar

очень хорошая статья

Yuliya_N avatar
Yuliya_N 29 Dec.

Thanks for useful information!

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27/58
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Introducing the Euro:
The Euro is the new 'single currency' of the European Monetary Union, adopted on January 1, 1999 by 11 Member States. Greece became the 12th Member state to adopt the Euro on January 1, 2001. On January 1, 2002, these 12 countries officially introduced the Euro banknotes and coins as legal tender. Slovenia became the 13th member state to adopt the Euro on January 1, 2007.
The Euro
Polls taken in the UK in the immediate aftermath of the introduction of the Euro on January 1st 2002, indicate that people in Great Britain are less than supportive of the new Euro currency in the first few months of its history.
One poll on January 5th had the following results:
If there were a referendum, would you vote to join the Euro?
[table] Yes 31% No 56% [tr] [td…
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Faster avatar
Faster 8 Oct.

i like it

Chaudhry77 avatar
Chaudhry77 12 Oct.

Excelent

OlgaBLR avatar
OlgaBLR 14 Oct.

great

klintons avatar
klintons 16 Oct.

Labi!

massimoscalas avatar

good!

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18/58
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Because Greece is one of the most watched economic events in the past weeks, I want to talk a bit about the history of the Greek economy. This country isn't in this debt problem by chance of course, it has a track record of problems. Let's get started from the beginning.
The economist Charles Bullock has published an interesting essay on an economic experiment made by Dionysius the Elder, which was the ruler of the Greek city state of Syracuse from 407 B.C. to 367 B.C. What this leader did was to print more drachmas, which was the official currency of Greece during several periods in history, after he ran out of debt to fund his military campaigns. Because nobody wanted to lend him anymore money he forced his citizens to hand him all their money. Like this wasn't enough, after all the coins were collected he simply restamped one drachma coin as two drachmas. The problem here is that just printing more money was not a reliable way of creating more wealth. So Greeks have made a mess when it comes to economy for a long time.
Coming to a more contemporary timeline, if the Greek leaders had learned something from the past they would have not embraced the Euro as the common currency of …
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iiivb avatar
iiivb 12 July

I like this article. I disagree on "(...) if the Greek leaders had learned something from the past they would have not embraced the Euro as the common currency of the zone (...)" Actually I think that if Greek governments had indeed learnt something from the past, they would have changed already the ways they've been managing the money issues and adopting the Euro would have been a catalyst growth. Thanks for sharing!

Ivory avatar
Ivory 12 July

Thanks for the feedback. There is always a trade-off when a small country like Greece enters the same group with the "big fish" like Germany. The fast growth comes when you keep yourself competitive in the international market, you need cashflows for that, at least that's my opinion. Anyway, it looks like they'll keep themselves in the zone for now.

WallStreet6 avatar

Nice summing up. I like the story from the past- I see the Greek were searching for easy money already in the ancient times:)

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32/43
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History: mother of all indicatorsCorrelation between economic circles and grand historical circle is not so obvious because of 1) timeframe in which we operate, 2) available quantifying data, 3) biased analytical approach, 4) range of expected results, 5) flawed analytical method.All of above combined creates a grand illusion of economic progres for the purpose of the ruling class and, on the historical timeline, short time gains.This is a game in which tactical advantages are gained at the expense of strategic gains.It seems when in rare occasions, strategy prevails over tactic structural adjustment are made and the current crisis is probably a case.   History repeats itself as a farceWho will detect the trend may laugh, and the elite who design/creates  the system, and falsified the data (historical, political, economical and if you want philosophical) will pay the price.History teach as that for the short term geopolitical gains we put at risk the entire system in which we operate, and how we accomplish this, primarily by falsifying historical data and run this data true rigid analytical method.For that purpose series of bankruptcy and consecvent bailouts in the ancient world mo…
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HumbleAko avatar

Maybe the European Monetary Union could falter but I feel it's highly unlikely anything will happen to the EU or USA. My dream for the future is that all these continental unions combine to create one single global union. With one single currency for the globe, we Forex traders may have to start looking for a new career. +1

Likerty avatar
Likerty 5 July

The best title here in the contest!:)

dimitar avatar
dimitar 26 July

tx for comments, august article: history mother of all indicators - an american election

OneGoodTrade avatar

I am not sure if history repeats itself or it's just the humans are repeating themselves in interpreting the present.

doctortyby avatar
doctortyby 22 Feb.

History is the main instrument to manipulate the Traders... it is so easy to follow the patterns :) ... and FAIL

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