FOREX BIBLE

SUPER POWERFUL GUIDE to become a FOREX expert!

THE HISTORY OF FOREX

When foreign trade began, it was not an international trading market. This stems from the Bretton Woods Agreement of 1944, which stated that foreign currencies would be fixed against the dollar, which was valued at $35 per ounce of gold. This precedent was first put into practice in 1967, when a Chicago bank refused to fund a loan to a professor in British pounds. Of course, their intention was to sell the currency, which they felt was too high against the dollar, and then buy it back when the value fell, making a quick profit.

After 1971, when the dollar was no longer convertible to gold and the domestic market was stronger, the Bretton Woods agreement was abandoned and the process of converting currencies became more variable. This allowed for more support in foreign markets, and the United States and Europe began a strong trading relationship. In the 1980s, the timing and use of the market was expanded through the use of computers and technology to include Asian time zones. At that time, foreign exchange amounted to about $70 billion per day. Today, some twenty years later, the level of trading has skyrocketed to the equivalent of about $1.5 trillion per day.

LEARN FOREX TODAY AND CHANGE YOUR LIFE!