FX or FOREIGN EXCHANGE is called barter in the old times, since there was no legal tender or money before. They exchanged products from one place to another place, from one island to another island until they started switching merchandise from one country to another country.
The first community who created the concept of making a legal monetary unit of exchange is the Egyptians, then Babylonians invented the paper money, and then Aureus was used which is the name of the monetary exchange of Rome which was followed by the Denarius and they were the first FOREX in the world.
The history says that the United States Dollars became famous after World War II and it remained to be like that throughout the rest of the FOREX history as agreed upon in the Bretton Woods conference.
History again says that in 1973 the idea of making the FOREX be traded ON LINE was conceptualized. But the first ONLINE FOREX trading began in 1994. At this very time the European EURO made good and made it a good competitor to US Dollars. In the year 2002, the EURO became the official monetary exchanging unit of twelve (12) European nations and up to this moment many European countries have joined.
Currently the ONLINE FOREX has plenty of innovations. It becomes complicated and difficult to understand to newcomers. The criteria of analyzing the fluctuating characteristic and figures of some currencies have increased. The main explanation for this is because the demands of the world are getting complicated too. This is the reason why a lot of companies and brokers came into existence. These groups of people are the ones who can help us how we can understand the NEW ONLINE FOREX.
These companies are competing with each other. They are offering different STRATEGIES on how to be successful in ONLINE FOREX trading. Some of these companies are offering the following ONLINE FORREIGN STRATEGIES through VIDEOS, SEMINARS and EBOOKS:
1. Strategies on how to calculate rollover interest 2. The use of requote in the FOREX market. 3. What are the regulators and how to choose a good one. 4. What are RATE OF CHANGE or ROC and how to compute it.
The above mentioned strategies are just only an example of one of the companies who are offering TUTORIALS if you want to be successful in ONLINE FOREX trading. Please take note that even if how much we know of something if we do not apply it, it has nothing of value. The ONLINE FOREX STRATEGIES will remain as it is but if we go into ONLINE FOREX trading business we might not remain the same, we might increase our wealth or we will lose it like any business. So, choose the best one and get started.
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Online Forex strategy