The History Of Forex Trading

US gold certificate (1922) (Photo credit: Wikipedia)

Forex trading is a business concept that commenced centuries ago when business men used to trade in coins. To understand the Forex history, it is important to look into three of its watershed moments, here being; the gold standard, the Bretton woods agreement and the floating foreign exchange rates.

During the gold standard system, gold was used as a fixed standard to measure the value of commodities. This is because the development of the currency system was backed by gold. Ideally, as long as there was enough gold reserve to back the amount of currency in the market, the gold standard system worked just fine.

The Bretton woods agreement came into force to replace the gold standard system, while the floating exchange rates abolished the gold system and was adopted by the world community in 1976. The forex history cannot be complete without mentioning the development of the forms of trading currently involved in forex trading.

Essentially, forex trading involves the exchange of foreign currencies or denominations, where the value of currencies is independent of other foreign currencies. Some of the forms of forex trading that are though to be extremely risky include, index futures, trading in futures and options trading. They are considered risky because they involve trading in the value of currencies that cannot be ascertained.

Over the years, there has been a tremendous change in the forex market that has changed the forex history. This has enabled the forex market to have a centralized system thereby connecting centers into an integrated international market that any individual from any location in the world can trade in.

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Stock Carnival Ecstasy - December 18, 2012

February 2011035 (Photo credit: srpatterson)

Welcome to the December 18, 2012 edition of Stock Carnival Ecstasy.In this edition we start with an article from Jeff on ways to Prepare for the Fiscal Cliff if and when it occurs.Harry Campbell takes a look at Online Brokerages and examines the important aspects when selecting one. Finally Bill Smith looks at IRS Tax Fraud and why it is Increasing. Hope you enjoy all the articles, continue to follow our carnival, bookmark, share with your friends, tweet on Twitter and Like on Facebook.

Jeff - Middle Class Money presents Preparing for the Fiscal Cliff posted at Middle Class Money.

Gregory Arnold presents Help With Rent Money – Online Cash Loans Can Help Cover Rent posted at Online Fast Cash Loans, saying, "Perhaps you have had some unexpected expenses this month. You may not have enough money to pay the rent. Thanks to online cash loans you can have the money that you need, and it may not be as difficult as you think."

James Dean presents Do Payday Loan Consolidation Programs Work And If So How? posted at Unsecured Bad Credit Debt Consolidation & Personal Loans Online, saying, "In this day and age, it's incredibly important for people to be in complete control of their finances. When you get older, you are responsible for several expenses such as rent payments, car insurance, medical insurance, as well as gas money. If you're looking for information on payday debt consolidation loans, there is a lot of information on the web that can help you."

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harry campbell presents What to Look for in an Online Brokerage posted at Your Personal Finance Pro - Personal Financial Advice for Young Professionals, saying, "We’ve all seen the commercials for online brokerages; one has a green line, another wants you to talk to someone named Chuck, and still others have celebrity pitchmen telling you to take control of your financial future with their platform. They’re all members of the multi-billion dollar online brokerage industry. Up until the last few decades, if you wanted to invest in the stock market, you had to go through a high priced broker that might charge you several hundred dollars."

Bill Smith presents Money Saving Tax Filing Tips posted at 2010 Tax, saying, "The IRS indicates that the average tax refund was around $3,000 last year, meaning that many of us are actually looking forward to filing our taxes."

Bill Smith presents IRS Tax Fraud Increasing posted at 2011 Tax, saying, "Identity theft linked to IRS tax fraud has been increasing. However, according to a recent government report, the IRS is actually unaware of the number of persons who are running scams on the system."

tips

John Schmoll presents Why Rebalancing Your Portfolio is Like Buying a Carton of Eggs posted at Frugal Rules, saying, "Portfolios, much like eggs can be damaged for numerous reasons. You also want to make sure you have a well balanced portfolio, just like you want a well-balanced diet. Part of a balanced portfolio is rebalancing it annually to make sure you have the best allocation possible."

That concludes this edition. Submit your blog article to the next edition of stock carnival ecstasy using our carnival submission form. Past posts and future hosts can be found on our blog carnival index page.

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Stock Carnival Ecstasy - December 4, 2012

English: United States Internal Revenue Service Criminal Investigation Division Badge (Photo credit: Wikipedia)

Welcome to the December 4, 2012 edition of Stock Carnival Ecstasy.

Morris presents Things You Need To Apply For A Bad Credit Business Loan posted at Fast Bad Credit Loan Blog, saying, "When masses begin to think about bad credit business loans, chances are that they have had a difficulty repaying their former loans or debts within the right time. This is a ordinary thing majorly with start ups. Having negative history for debts does not imply irresponsibility."

other

Bill Smith presents Legislation Delays Cause TurboTax To Prepare For Short Tax Season posted at 2012 Tax - Free Tax Filing Options, saying, "Intuit Inc., which is the maker of the tax software TurboTax 2012, is getting ready for the tax season to begin late in 2012."

David de Souza presents Where Does Your Tax Go? posted at TaxFix Feed Update, saying, "If you have ever wondered where you tax goes this post highlights how your taxable income is spent by the government."

John Schmoll presents 5 Frugal Ways to Start Investing Now posted at Frugal Rules, saying, "5 Frugal Ways to Start Investing Now Investing in the stock market can be intimidating for many, but it does not have to be. With a little education and setting a plan you can invest in the stock market and not have to spend lots of money doing it."

stocks

Bill Smith presents Small Business Growth Narrows Loss for Intuit2009 Taxes - Free Tax Filing Options posted at 2009 Taxes, saying, "The small business segment showed revenue increase from 18% to 21% in Intuit’s payments area."

tips

Bill Smith presents IRS Tax Relief Programs posted at 2012 Tax - Free Tax Filing Options, saying, "The Internal Revenue Service (IRS) has several programs that offer tax relief for persons who have outstanding back taxes."

That concludes this edition. Submit your blog article to the next edition of stock carnival ecstasy using our carnival submission form. Past posts and future hosts can be found on our blog carnival index page.

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