Foreign Exchange Training Manual.pdf

Foreign Exchange Training Manual

Posted on

Synopsis E-book: Foreign Exchange Training Manual

Money has been around in one form or another since the days of the Pharaoh, replacing former systems of bartering. But, as history progressed and scores of countries generated their own individual monies, Middle Eastern money changers found a market exchanging coins of one culture for those of another-the first foreign exchange ‘market’.

Over the ages, the form of money changed from coin form to bill form, the latter flourishing in the Middle Ages. But trading and speculation across foreign currencies began to increase after World War I. This speculation was not looked upon favorably by world markets, giving rise to the Bretton Woods Accord, a proposal undertaken towards the end World War II pegging major currencies to the U.S. dollar. The dollar was in turn pegged to gold at $35 per ounce.

This accord allowed currencies to fluctuate by one percent on either side of the standard, mandating that respective central banks intervene if the fluctuation was outside of those limits. Although the Bretton Woods accord accomplished the goals of its charter toreestablish economic stability in post-war Europe and Japan, it ultimately failed. Other similar failed agreements were attempted in the following decades, but, ultimately in 1973, the world defaulted to free-floating currencies. *

Preview Foreign Exchange Training Manual.pdf

Foreign Exchange Training Manual.pdf Foreign Exchange Training Manual.pdf Foreign Exchange Training Manual.pdf

Download E-book Foreign Exchange Training Manual

  • FileName: Foreign Exchange Training Manual
  • Author: Lehman Brothers
  • Language: English
  • Size: 4.995 kb | Remove!
Download the file…▼

  • FileType: .pdf
  • Dir.: Part9
Add a comment

Leave a Reply


Related E-Books

Sharpening Skills pdf
Size: 216 kb | Pages: 5 | English
FX Power Trading Course pdf
Size: 11.659 kb | Pages: 143 | English
Barbara Star Hidden Divergence pdf
Size: 245 kb | Pages: 5 | English
KobasFX Strategy pdf
Size: 157 kb | Pages: 7 | English
Enough to Be Dangerous pdf
Size: 1.589 kb | Pages: 23 | English
BRV Trading System Rules pdf
Size: 878 kb | Pages: 50 | English