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TopicINTRODUCTION ON THE HISTORY OF THE FOREIGN EXCHANGE MARKET

  • Mon 16th Nov 2020 - 9:47am

    For exchange and currency, the Forex trading system has been designed. The goods have been traded for another tangible item in the initial stages. The creation of coins and political regimes began at that time. When gold has become a major trading tool, its use was restricted; hence the result would be that the value of money has dropped significantly. In 1931, the gold standard had been removed and the FOREX market was born, even though people had a very small or no concept. Foreign trading was introduced to increase the monetary stability and reliability of citizens. In the early 1970s, modern forex trading started when the United States allowed its currency to float on the Forex market. Forex trading, however, takes as long as it has international commerce. 
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