Sunday, April 5, 2009

A BRIEF HISTORY OF FOREX TRADING....


We know from our history textbooks that money was not used in ancient times – there were natural economies and direct barter of products. Genesis (invention) of money itself became a great step forward for the human history. It allowed people to exchange practically everything using one universal article of merchandise - the money. While the form of that universal exchange article varied from country to country and from epoch to epoch, money was always a rather rare article that could be broken into parts and also could be stored and transported easily, for example, gold or silver. And, of course, every country now has both its own history and customs and its own currency - a form of monetary resources. But already in remote antiquity, there were trading relations between countries, and merchants carried their goods from one country to sell them in another country. The goods were exchanged for either local goods or a universal equivalent, for instance, coined gold.

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