At least we understand the history of forex and development , so we do not doubt for a transaction in forex . Without proper background , it is very naive if someday we experienced an error and said that the money game forex , hyip , or scam . How development can actually forex business until it becomes so large that it is today ? Then what factors contributed to its development ? This follows I will try to review the development of world currency exchange that ultimately lies behind the emergence of the world of Forex .
1 . Currencies
In the first era of currency is coins , which are precisely made when the royal pharaohs . While the paper currency was first used in the Babylonian era .
2 . Bretton Woods system - 1944
On 22 July 1944 has held an international scale monetary conference , which was then known as " The Bretton Woods Conference " , which was attended by 44 countries . The conference aims to draw up plans for the international monetary system . Two years after the conference , the IMF and the World Bank was established to oversee the system .
3 . Standardization Gold Price - 1800
In recent years , the value of the currency is guaranteed by the pure gold , which is the standard of the country . With hope , the value of the European currency country and America at that time was relatively stable .
4 . Floating Exchange Rate system
After being used for 30 years of the Bretton Woods system finally collapses due to large countries are still experiencing severe financial crisis . On August 15, 1971 , President Nixon announced the Floating Exchange Rate System for the first time . Subject is reiterated " Smithsonian Conference " in December 1971 in Washington . Because the floating system is much simpler so that other countries follow suit until now .
5. Forex in the 1980s
At the current oil price increase followed by technological advances that impact on forex trading in continental Asia, Europe and America are increasing very rapidly rather than U.S. $ 70 billion / day to U.S. $ 1.5 trillion / day.
6. Forex in the 1990s
In 1990, online Forex trading began conceived, precisely in Chicago, before about 1987 and began to be used starting in 1992. This system enables traders to conduct transactions over the Internet even though they are away from trading stocks and currency exchange.
7. Forex in the era of the Millennium 21
Forex entered a new era on January 1, 2002 the Euro was introduced to the world and as the official currency in 12 European countries. Currently the euro is five of the major currencies are often used as a trading instrument. From the above time series has been a progression forex. For that I will parse the 2 indicators of factors that affect the development and application of technologies that facilitate the regulation of a large change in the world of Forex. I will also show that without realizing it, that the underlying philosophy of these two factors is nothing else than to be an increase in Trading User Experience.
At very long timescales , trade forex evolved . Technological factors , no doubt has become a catalyst for accelerating the growth of the forex business . Starting from the global development of the first electronic trading system in 1987 by CME Globex assisted by a network of mass media and its technologies Reuter is the forerunner to the birth of the online trading system .
With the Internet, the process of trading can now be done online through the hundreds of brokers using various trading application . Market participants or traders no longer need the data to the central bank or to the stock exchange trading and currency , but the gadgets are able to transact online . Technological factors that provide a lot of convenience , to make forex as one branch of the investment with a multi - million transaction value and continue to grow rapidly over the past 3 decades .
Then along with the increasing participation of new investors who want to take advantage in forex then set up a supervisory body in an attempt to ensure the safety of the business, especially for investors . With the willingness to establish a rule in the forex trading process began to be marked in 2000 , initiated by U.S. President Bill Clinton , along with the U.S. Congress and a bevy of forex trade association at the time became the inception of bodies and associations which regulates forex such trading , the National Futures Association ( NFA ) , the Commodity Futures Trading Commission ( CTFC ) , America and the Financial Services Authority ( FSA ) , the UK . Where the regulations that have been successfully formulated , making forex business more secure and growing towards the better .
The development of technology ( especially the Internet ) , makes it easy for traders to be trading at a more flexible ( eg from home ) . Synonymous with convenience for traders : better User Experience Trading . Regulations and procedures that have been established for trading players ( one of which is a broker ) , making the Forex world as a whole , moving towards a more secure and reliable . More secure and trustworthy is a huge contributing factor to the convenience for traders which also means : better User Experience Trading . Trading User Experience Improvements to make forex business from year to year if grown into one of "the biggest investment market" to be reckoned as one of the investment options for us .
So the conclusion that forex trading system has evolved through a series of time and a long process , change shape according to the wishes of the trader. more user-friendly and more traders appreciate the desire / willingness of traders to improve their trading experience . And on this day , Forex trading has become an enormous industry , better and quite regularly because of the regulations of the agency having authority .
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We love the world of forex. Sharing information about forex is our way of showing happiness. Therefore we made a "Campus of FOREX" as a portal to learn forex.
Forex is not something to fear, but fear when you are not able to control yourself in the forex or whatever. When profit in forex it becomes your personal responsibility, and when you lose in forex it also becomes your personal responsibility. Forex simply as a facility to achieve financial freedom, no more no less. Forex is a place to think realistically.
Being successful in forex, it means you are committed to establish a disciplined and thoughtful character. Forex may be the best mirror of your true character. Forex is just forex.
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