The aim of this guide is to familiarize novice traders with all the main useful aspects of currency trading and provide comprehensive answers to most of the frequently asked questions in this regard, such as: why currency? The subject of the trade, who are the traders, what currencies do they trade, why the price changes, what kind of equipment is used for trading, how it is possible to predict price movements and from what sources can receive the necessary information for this.
On the results of the development of the relevant content section the user will be able to accept own buying and selling solutions, examine them well and, in the last account, use the recommended approaches and methods to receive personal arrivals.
Currency trading has centuries of history, which goes back to the time of the ancient east, and during the middle ages, when international banks began to use the means of exchange of payments, apply to presentations to third parties, which contributed to the maintenance of flexibility and growth of figures concluded currency deals, the currency market begins is finally formed.
The modern currency market, which is characterized by periodic displacing periods of growth, price volatility and their relative stability, took shape in the twentieth century. Before the middle of 30 seconds, london used to be a leading financial trading center, the british pound used to be a currency for calculations and the creation of a reserve currency. Since at the time, currencies were traded using telexes or telegraphs, the british pound had the common name "cable" (telegram). In 1930 g. In switzerland, in basel, was established a bank for international calculations, designed to oversee the activities of independent finance newly declared, emerged after the first world wars, and provide currency support to countries experiencing fiscal or temporary payment difficulties.
After world war ii, when the british economy collapsed, and the united states was the only country that did notthe economy was affected by the war, the us dollar became the main currency in the worldly sphere. At this point in time the total peace currency is evaluated in mostly american dollars.
For populations and companies a way of protecting investments at the point of economic or political instability is a reserve currency, necessary for international transactions. Straight the same after the second world war world order currency first usa dollar. At the moment currently, there are other reserve currencies - the euro and the japanese yen. The reserve currency portfolio may vary depending on the specific international environment, for example, a portfolio may include: swiss francs.
The creation of the european union (eu) emerged as the result of a long and persistent post-war line of efforts to re-establish closed economic cooperation among european capitalist countries. The eu's official educational goals are the promotion of intra-european economic cooperation, the creation of regional areas of financial stability and performance.