Simply FOREX trading is a term stands for Foreign Exchange
As the part (FOR) From the word Foreign and the part (EX) from the word Exchange.
First of all, in forex trading, you have to know that the international currency market is the largest trading market at the moment.
You will understand the enormity of the forex trading market when you realize that the New York Stock Exchange, the largest stock exchange in the world, trades at $ 30 billion a day while trading in the currency exchange market worth $ 5 trillion daily.
This is more than enough to realize the size of this huge market.
Highlight on Forex History Data
Why is forex trading is not common when compared to trade in stocks and commodities that have spread over a hundred years?
The reason is the freshness of the Covenant.
After the Second World War and specifically in 1947, when the victorious states signed the Bretton Woods Agreement to arrange the development of the world economic situation.
One of the conditions of this system was the revaluation of currencies against the US dollar as an alternative to gold as a means to help repair the damage caused by the war in Europe, and the most important result of this decision is the stability of the currency. Prices and set a minimum of volatility against the dollar and against each other.
For this reason, there was no opportunity for currency trading, which relied mainly on the purpose of currency fluctuations against the US dollar.
But in 1971, as a result of difficult economic conditions, US President Richard Nixon decided to separate the US dollar and currencies in Europe and Japan, which touched on the volatility of the currencies of Europe and Japan under the influence of strength or weakness of the US dollar and the American economic system,
From this history the Forex trading market has grown simultaneously in the US, Europe, Japan and other countries

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