Forex starting from ancient times. Forex history begins from the time immemorial. When traced, forex transactions commenced from trading commodities, such as gold, rice, and others. For currency transactions of its own as it is today, the market has experienced an evolution.
Broadly speaking, the evolution of the forex market to rapidly as it is now can be divided into 4 stages, namely:
- The period of the gold standard, 1980-1914
- The period during World War I, the 1919-1939
- Bretton Woods Period, 1946-1971
- The period of Floating exchange rates, 1971-present.
But, broadly speaking, the evolution of the forex market is divided into 2 phases i.e. phase period of fixed exchange rate and a floating exchange rate Period. The period of the gold standard, the period during World War I and the Bretton Woods Period is the period of stage including fixed exchange rate. At this stage, no exciting forex transactions due to changes in exchange rates can only occur in a relatively narrow range. Because the exchange rate was fixed by the State Government (upon agreement) with a certain value of gold.
After the time of Bretton Woods was the one, after the failure of the fixed exchange rate Period in maintaining economic stability, forex transactions began to passionately. This happened because judgment against exchange rates between countries handed over entirely to the market mechanism. The market will determine if the exchange rate was too expensive (over-valued) or too cheap (under-value).
At this time forex trading has been very easy to do by anyone from anywhere. With a capital of a computer connected to the internet, you can already do a good forex trading trsansaksi business from home, Office, cafe, and from anywhere there is an important internet connection facilities.
Forex trading is the world's largest market measured by the total value of the transaction. With such great deals daily volume reached $ 4 trillion per day, this certainly offers huge advantages anyway and one of the exciting opportunity to earn an income online.
Many people have already made this forex as a primary source of income. And it's only reasonable because forex is a business that is very-very promising, in the manage with heart and quiet little knowledge then it would produce a profit which is very abundant.
Thus a brief history about forex trading. Hopefully can add your insights in the world of trading.
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