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Capital One Forex- Forex School

This forum is for new and aspiring Forex traders. Trading can be very risky but can also bring great rewards. No one starts with continuous success but many continue with the success. It's a continuous learning, unlearning and learning again. Ask your questions, share your frustrations and also smiles of success. The objective is to have more and more smiles. Hoping to have the pros to frequent this playground to coach the new team here.
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Capital One Forex- Forex School

Postby capitaloneforex » Thu Jul 23, 2015 6:18 am

At Capital One Forex, we believe that education is one of the primary means for success, which is why we have supplied our clients with plenty of resources and tools for further their trading education. Traders who are interested can visit this page to discover trading strategies and techniques, view our video library, browse through the glossary, or get general information regarding Forex and other financial instruments.

Copy this link to your browser and paste to learn about Forex: http://capitaloneforex.com/school/index.php


WHAT IS FOREX ?
What is Forex? Forex, or FX, is a shortening of the words foreign exchange, and the Forex market is where different countries trade one type of currency for another. For instance, the Chinese can trade their renminbi or yuan for American Dollar. The value of currencies on the Forex market is affected by supply and demand.


The Gold Standard

The Forex market actually began with the first international gold standard in 1875. At that time, every major economic power priced an ounce of gold at a certain number of their currency's units. This made it far easier for countries to trade among themselves without having endless bartering sessions, or even wars, to settle the trades.

Countries tended to go on and off the gold standard through the early 20th century and into the world wars until, after World War II, the final attempt at a gold standard appeared: the Bretton Woods System. This system used gold to trade between nations with currencies basing themselves off of an ounce of gold.

It Couldn't Last

Unfortunately, even the Bretton Woods system of the gold standard proved impossible to support. Some countries are more efficient producers than others, and the resulting imbalances in trade made the gold standard unfavorable to less productive countries. A nation needs a lot of gold to support such a standard, and a trade deficit could drain the national coffers dry in a short time. Most of the world's economies had left the various types of gold standard behind shortly after the second World War ended, and the United States finally overturned the Bretton Woods Act in 1971....
capitaloneforex
 
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Re: Capital One Forex- Forex School

Postby Husam » Thu Jul 23, 2015 2:15 pm

The problem is, new traders are very interested to trade in live account with big investment. Their trading plan is only earning huge amount of profit that is really unprofessional. But, which traders have enough trading experience in demo and knowledge as well, they are not loser in their live account. I learned Forex trading from beginners trading course of TradingBanks.
Husam
 
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