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Created: 01/07/2008 06:23:06 PM - Followers: 19 - Board type: Free - Posts Today: 0




Forex Education Is being created for a place in our Hub for topics on Forex education..
Here we will be posting links ,video's ,audio clips,Pdf's..ect,
To help Forex Traders understand the Forex Market and a place for other forex traders to share and to teach others what they have learned in order to trade the Forex Market with confidence. I personally find myself sharing and teaching other Forex traders what I have learned ,and by doing so ,keeps me refreshed and at the top of my Game.After almost 2 years, I still learn something new everyday about the forex market ,and you will find as you get better and better at Forex trading ,your quest for knowlege never ends.
This board is another extension of the Hub which includes ,
Forex Traders #board-5125
Forex News Traders #board-11629
Forex Technical Review #board-11630
Forex Trading Strategies #board-11628

This Board is open for all interested in the Forex Market..Also feel free to post a topic or a subject you want to know about.We will do our best to answer.

History of Forex

Barter http://en.wikipedia.org/wiki/Barter
Currencies based on Gold
Paper money exchanged for gold (reserves)
“Run on the Bank” http://en.wikipedia.org/wiki/Bank_run
Bretton Woods http://en.wikipedia.org/wiki/Bretton_Woods_system
Created IMF, World Bank, GATT
European Monetary System http://en.wikipedia.org/wiki/European_Monetary_System
Maastricht Treaty http://en.wikipedia.org/wiki/Maastricht_Treaty
SE Asia 1998 Crisis http://en.wikipedia.org/wiki/1997_Asian_Financial_Crisis
It used to be that the value of goods and services were expressed in terms of other goods. This was called the barter system. Carrying around goods as a medium of exchange can be a little cumbersome, so some economies began to use specific goods, such as feathers, polished stones, special metals (gold & silver) as a medium of exchange. The first coins were made from gold and silver. During the Middle Ages, economies began to use paper money to exchange value as an I.O.U.

Prior to WWI, central banks supported their currencies through convertibility to gold. Paper money could be converted into gold by request to the bank. Because it was likely that all holders of paper money would request gold at the same time, banks only needed to keep a determined amount on hand to handle normal exchange requests (gold reserves). Therefore, the amount of money outstanding was increasing relative to the amount of actual gold on hand. During times of crisis, when the confidence of the financial system was low, we had such events as a “run on the bank.” That was when a large amount of currency holders requested conversion into gold at the same time, especially if it
was more gold than the bank had on hand. Political instability and inflation were the results of an increased supply of paper money (IOUs), relative to gold reserves. Foreign exchange was affected by such events due to its impact on the economy.

Subsequently, foreign exchange controls were introduced to control the forces of supply and demand’s. In July 1944, towards the end of WWII, the Allied countries (U.S., Great Britain, France) met at the United Nations Monetary and Financial Conference held in Bretton Woods, New Hampshire. Their intent was to structure a world economic system that would stabilize the volatility in the foreign exchange markets that had occurred previously. The result was the Bretton Woods Accord which determined a system for pegging currencies and created the International Monetary Fund. The Accord fixed the US Dollar at $35 per ounce of gold and fixed other currencies to the dollar.

Subsequently, there were other changes that took place in regards to the Accords. During the 1960s the volatility between different country economies became more extreme, making it difficult for some to maintain the pegging system. Bretton Woods collapsed in August, 1971, when President Nixon suspended the gold convertibility standard. The dollar had lost its attraction as the sole international currency due to the impact of growing trade deficits and government budget deficits.

Since then the foreign exchange market has grown into the world’s largest market. In 1979, the European Economic Community introduced a new system of fixed exchange rate call the European Monetary System. This system almost disintegrated in the early 1990s when a number of European countries were forced to devalue their currencies.

In their continued attempt to stabilize foreign exchange, the European Community signed the Maastricht Treaty. The treaty was designed to fix exchange rates that would eventually evolve into a single European currency, called the Euro. The Euro replaced many of the member currencies in 2002.

The quest continued in Europe for currency stability with the 1991 signing of The Maastricht treaty. This was to not only fix exchange rates but also actually replace many of them with the Euro in 2002. Today, Europe is currently in the Euros third and final stage, where exchange rates are fixed in the 12 participating Euro countries but still use their existing currencies for commercial transactions. The physical introduction of the Euro will be between January 1, 2002 and July 1, 2002. At that point the old countries currencies will be obsolete. In Asia, the lack of sustainability of fixed foreign exchange rates has gained new relevance with the events in South East Asia in the latter part of 1997,
where currency after currency was devalued against the US dollar, leaving other fixed exchange rates in particular in South America also looking very vulnerable. While commercial companies have had to face a much more volatile currency environment in recent years, investors and financial institutions have discovered a new playground. The size of the FOREX market now dwarfs any other investment market. It is estimated that more than USD 1,600 Billion are traded every day, that is the same amount as almost 40 times the daily USD volume on the American NASDAQ market.

How to post a chart on Ihub
http://www.theforexclub.us/ihubposting.htm

Money Masters Video
http://video.google.com/videoplay?docid=-515319560256183936

Forex Terminology and Concepts to Know
http://www.pfxglobal.com/index.php?option=com_content&task=view&id=2051&Itemid=253

Indicator Interpretation
http://www.theforexclub.us/indicatorinterpretation.htm

Secrets of Fibonacci
http://www.theforexclub.us/Website%20books/Fibonacci%20Secrets.pdf
Five Fib Tricks
http://www.theforexclub.us/fibtricks.htm
Fibonacci video's
http://www.theforexclub.com//Fibonacci.htm
Patterns and indicators video's
http://www.theforexclub.com/patterns.htm

Links of Interest.
http://www.theforexclub.us/bootcamp.htm
http://www.babypips.com/school/
http://wfhummel.cnchost.com/index.html#4
http://www.theforexclub.com/education1.htm
http://www.theforexclub.us/ebook.htm
http://www.theforexclub.us/candlesticks.htm
http://new.quote.com/global/forex/home.action
http://www.theforexclub.us/goldrush.htm

Forex Charts
http://www.freedownloadmanager.org/downloads/forex_software/
Beginner Trading Course
http://www.informedtrades.com/trades.php?page=freetradingcourses

Technical Indicators code for Forex Strategy Builder

Download forex stategy builder here

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#101 Money are traded on the Foreign Exchange market, FreddieWinter 03/05/2020 11:48:38 AM
#100 FreddieWinter 03/05/2020 11:46:41 AM
#99 Being a Forex Signals App user, the objectives leewatkins 09/26/2016 08:15:13 AM
#98 Visit Amazing Forex Signals to earn Grand Profits. tyleradevans 09/21/2016 04:32:52 AM
#97 In this article, I will feature a few Alex C 07/05/2016 12:27:58 PM
#96 Indeed))) ts%3Adustin 08/13/2015 08:33:33 AM
#95 ok manishshah1 04/30/2015 12:32:29 AM
#93 I am so happy i found your board myraf 10/10/2011 08:06:30 PM
#92 What does that have to do with Forex? faxedreceipts 06/12/2009 03:45:19 PM
#90 Some Guidelines for Using Bollinger Bands for Forex Ataglance2 05/17/2009 09:48:52 PM
#88 I checked out the site.. Ataglance2 04/18/2008 07:30:03 PM
#87 You wrote: ajb27 04/18/2008 05:17:19 PM
#86 directions if my demo stopped...server was rest help me 04/12/2008 09:10:48 PM
#85 There have been a few more people concerned Ataglance2 03/11/2008 09:12:17 PM
#84 On the first Friday of every month, the Ataglance2 03/11/2008 09:10:46 PM
#83 After taking the course, Ataglance2 03/08/2008 05:23:16 PM
#82 Here are a couple of great free courses Ataglance2 03/08/2008 04:44:57 PM
#81 Classic Swing Trading Ataglance2 03/07/2008 11:41:58 PM
#80 *FREE 30 minute Video* Ataglance2 03/04/2008 11:33:27 AM
#79 THIS VIDEO IS QUITE LONG, BUT WORTH WATCHING* Ataglance2 02/28/2008 02:38:49 PM
#78 "The official cause of death was to be Worn_Buffet 02/18/2008 03:22:09 PM
#77 Woman Dies After Fall From UN Building Ataglance2 02/18/2008 12:03:37 AM
#76 Psychology of trading Ataglance2 02/17/2008 03:43:13 PM
#75 Global monitoring with the Ataglance2 02/17/2008 12:11:56 PM
#74 Thats the attitude. Ataglance2 02/16/2008 05:53:30 PM
#73 Thx...a good lil nugget there..saved to computer & Worn_Buffet 02/16/2008 04:12:57 PM
#72 Here's another e-book,also good reading.. Ataglance2 02/16/2008 03:34:06 PM
#71 Trading for a living... Ataglance2 02/16/2008 03:32:41 PM
#70 Forex Cross Rates Ataglance2 02/16/2008 02:15:45 PM
#69 new to forex.. Ataglance2 02/16/2008 02:12:20 PM
#68 http://investorshub.advfn.com/boards/read_msg.asp?message_id=26857261 Ataglance2 02/15/2008 12:50:27 PM
#67 Exercise 1: Circle and identify the candlestick formations Ataglance2 02/15/2008 12:19:44 PM
#66 An Video Introduction to Economics Ataglance2 02/11/2008 04:51:22 PM
#65 Back Testing vs. Forward Testing [Video] Ataglance2 02/11/2008 04:04:00 PM
#64 saucers: Ataglance2 02/11/2008 03:55:01 PM
#63 chart patterns and indicators.... Ataglance2 02/10/2008 03:35:00 PM
#62 Fib videos..just made... Ataglance2 02/10/2008 02:41:22 PM
#61 Advanced Trading Strategies for Experienced Forex Traders Ataglance2 02/10/2008 01:06:56 PM
#60 Very good audio.. Ataglance2 02/10/2008 12:31:11 PM
#59 Developing Your Own FX Trading Plan Ataglance2 02/10/2008 12:28:17 PM
#58 http://www.currencytradermag.com/gr32/CurrencyTrader0108.pdf Ataglance2 02/09/2008 06:33:54 PM
#57 Hi, Don Ataglance2 02/06/2008 05:08:29 PM
#56 Chart Patterns. Ataglance2 02/03/2008 02:02:50 PM
#55 free forex class. Ataglance2 01/27/2008 06:44:58 PM
#54 Welcome to the Financial Education Center of The Ataglance2 01/26/2008 09:04:10 PM
#53 that they are.. Ataglance2 01/21/2008 08:16:02 PM
#52 i like fibs! VERY useful in fx trading jrbscrazy 01/21/2008 07:45:37 PM
#51 Ataglance, You have a nice web site. I help me 01/21/2008 02:41:26 PM
#50 Fibonacci And The Golden Ratio Ataglance2 01/19/2008 03:33:49 PM
#49 more on fibs.. Ataglance2 01/19/2008 02:58:49 PM
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