The Forex market started in 1971. Prior to that, there was an agreement between most economic powers of the time that prevented speculation in the currency market. The agreement was created in 1945 with the intent of stabilizing international currencies. Most currency was set against the US Dollar, which was set at thirty-five dollars per ounce of gold. Prior to that, the Gold Standard was used, which kept kings and dictators from arbitrarily lowering or raising the price of gold in order to trigger inflation. It was considered a good way to keep economies stable and it worked for a while.

Click Here to Learn More About the Foreign Exchange Market in this free report




Comments



3 Comments so far

  1.    Forex Market For Dummies - Official And Free Forex Market Rate Basics on February 18, 2009 5:01 am

    [...] When did the Forex Market start? The Forex market started in 1971. Prior to that, there was an agreement between most economic powers of the time that prevented speculation in the currency market. The agreement was created in 1945 with the intent of stabilizing. [...]

  2.    » When did the Forex Market start? : Top Work From Home » Online Forex Training on February 18, 2009 5:21 am

    [...] news by stirls « Free Download Ebook Forex: How to get started in learning about … Dollar Mixed [...]

  3.    online trading software on May 11, 2009 4:31 am

    To know how far to backtrack, you must measure percentage retracements. Market corrections up or down usually retrace a significant portion of the previous trend. You can measure the corrections in an existing trend in simple percentages. A fifty percent retracement of a prior trend is most common. A minimum retracement is usually one-third of the prior trend.

Name (required)

Email (required)

Website

Speak your mind