| 1 |  | History of Money
Money has been around in one form or another since the time of Pharaohs. The Babylonians are credited with the first use of paper bills and receipts, but Middle Eastern moneychangers were the first currency traders who exchanged coins from one culture to another. | | | | | 2 | | The Bretton Woods Accord
Near the end of WWII, The Bretton Woods agreement was reached on the initiative of the USA in July 1944. The conference held in Bretton Woods, New Hampshire rejected John Maynard Keynes suggestion for a new world reserve currency in favor of a system built on the US Dollar. | | | | | 3 | | Beginning of Free Floating system
Free Floating system is came into existence after many failed treaties such as Bretton woods, Smithsonian & European Joint float. Governments were now free to peg their currencies, semi-peg or allow them to freely float. In 1978, the free-floating system was officially mandated. | | | | | 4 | | Introduction of Euro
The European Economic Community introduced a new system of fixed exchange rates in 1979, the European Monetary System - however failed to create a common currency for european countries. Europe's love affair with a common currency endured many trials and finally led to the introduction of EURO in 2002. | | | | | 5 | | Forex History Resources
Forex History Resources | | | |
|
| | 1 | | History of Forex
Beginners guide to forex trading. This isthe first chapter in BASIC. Topics include history of money, about forex, analysis, currency pairs & trading lots. | | | | | 2 | | Introduction to Forex
Learn the terms and their meanings that will be used in forex trading on a day-to-day basis. You can revisit this chapter whenever you are in doubt | | | | | 3 | | Opening a demo trading account
Good traders always test their strategies on a demo account before using them on their live account - its just common sense. | | | | | 4 | | Entries and Exits
If finding a good place to enter the market is a huge task in itself - exit (closing the trade) is equally and sometimes more important. Traders often find themselves giving away the money they made due to improper exits. | | | | | 5 | | Market players
Two main parties rule any market - The Bulls and the Bears. When they are in tug of war or regathering their troops - the market goes sideways. | | |
| | |
