Category Archive forex history

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Forex Lost Profit Status

Forex Lost Profit Status

The third reason that traders spend many futile hours on the input signal is the illusion that the perfect entry will provide control and dominance.

Traders often think that the input signal will give them control over the markets and dominate them. This can be likened to preferring to use numerical random numbers in the numerical lot. However, if you also use special numbers or random numbers selected from the digital lottery, you have a chance to win. Almost the same true, moving average does not change or change your odds of success or loss of your trading, just as you can see when using days or days to pick up fibonacci numbers or others. I do not want to create an idea that creating a trading system is meaningless for you, of course, traders need an input signal form. It is also a fact that we need to analyze the trends that occur, what conditions we should expect by entering them. But by focusing on the input signal only, the system’s other complex elements and very important
Money management and trading psychology is the biggest mistake to ignore, ignore and ignore. The two most important elements of being a long and successful trader are now traders. By ignoring these elements, concentrating on the search for ‘Holy Grail’ will surely add you to 80% of the money, which makes you no money.

Enemies of a Technical Analyst are the following.

1) Passion,
2) To see what is present in the graph, not what is in the lower self,
3) Moving Outside the System,
4) To deal with the consequences rather than the consequences,
5) Not to take lessons from mistakes,
6) To forget that the sell signal is at the same time receiving signal,
7) Forgetting that the Al signal is in the hold signal at the same time

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Forex History – 4

Forex History – 4

 

By the 90’s, thanks to the Free Floating Exchange System, the foreign exchange market moved as never before. While the tool was used to exchange currency and to get the right price, the internet started to be able to buy and sell at the beginning of the day.

In January 1999;

The Euro was first introduced to the market as the European Currency Unit (ECU).

11 The European Union country has decided to keep its national currency values ​​stable relative to the euro.

The European Central Bank (ECB) has become the institution that has experienced the foreign exchange policy for the European Union.

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Forex History – 3

Forex History – 3

Euro is working to get rid of the dollar

The Smithsonian Agreement, which allowed for a fluctuating band for currencies, was signed in 1971.

The aim was to make Europe more independent of the dollar. The agreement in particular allowed the exchange rate to fluctuate more broadly than the Bretton Woods system. Foreign exchange prices were allowed to fluctuate up to 4.5%, up and down in agreed parities.

 

Developed countries are abandoned from the fixed exchange rate system linked to the dollar and switched to the free exchange rate regime where the exchange rates are determined by the market. As a result, the, which constitutes today’s Forex market, emerged.
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Forex History – 2

Forex History – 2

Bretton Woods Agreement

At the end of World War II, 730 delegates from 44 countries, mainly America, England and France, were gathered under the name of “United Nations Money and Finance Conference“. The Bretton Woods town of New Hampshire in the United States was designated as the best place for a rendezvous, instead of ruinous European cities due to world-class battles.

The first aim at this grand meeting was to create a new economic order around the world and to consolidate the economies of the countries. In the meeting, the first fixed exchange rate was determined and the establishment of the International Monetary Fund (IMF) and the World Bank was decided. Then the countries in the agreement were fixed in the national currency of the gold prices and started to be valued according to the US Dollar. So the Dollar was the only national currency convertible to Gold.

1 ounce gold is 35 dollars, 1 dollar is 0,8887 gr. It was identified as gold. In cases where  were experienced, it was possible to change the value of money to any country against the dollar. The predicted devaluation and revaluation rates were limited to 10%. This agreement was particularly successful in the recovery of the economy in Europe and Japan. These principles lasted until 1971. Then the Smithsonian Agreement was signed.

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Forex History – 1

Forex History – 1

 

The Forex history, which has become very popular with the most transaction volume in recent years and profitable and fast transaction options offered to the investors, is actually quite old …

 

Forex Market Fundamentals are being Discarded

The exchange of goods with the same value is called clearing. Foreign Exchange – The basis of the Forex market, which comes from the meaning of exchange exchange, came into being in the period when exchange economy was developing for the first time in the world.

Money was invented after a while and the value of the goods was measurable by the value of money, while the exchange economy was valid at a time when a commodity could be obtained by exchanging it with another commodity equivalent to the value of the commodity.

But over time a problem arose. The currency trade between countries has made it necessary for the currencies of the countries to be a value against each other, which has led to the signing of the Bretton Woods Agreement.