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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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How To Select Forex A Trading Broker.
Forex trading brokers provide a vibrant & strong place for small traders, individual investors & large traders. There are both thrilling experiences faced by people who trade. It is not possible to begin trading without the support of a forex brokerage account. There are many stock market brokerages which enable a trader to do business in mutual funds, bonds and financial institutions. Some points to remember while opening an account are as follows:
Leverage
One of the advantages of transacting in currency is the facility offered even for a small time trader to trade more for less. The normal leverage offered is 100:1. This implies that for one dollar in the brokerage account, you can trade up to 100 dollars in currencies. 1000$ would help you trade 100,000$ currency worth. Hence, if the value of currency goes up by 1%, your money is doubled. In case the value falls by 2%, you would lose out on all the money. This is where a brokerage firm comes to your rescue and helps you tide over the loss.
You need to decide what leverage level you want to go in for. Leverage depends on the creditworthiness. Hence, if the credit report is not good, you wo…
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shivraj avatar
shivraj 3 July

very very good

Gunjan avatar
Gunjan 3 July

Excellently Explained Bro.. Please keep sharing your valuable knowledge and experience.

AAAnya avatar
AAAnya 4 July

very nice

Dominos avatar
Dominos 21 July

good article

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