History of Forex trading In Simple Words

We all suppose Forex as a simple trading tool of making money. But there are multiple angles in the history showing the real role of Forex trading.

History date back to 2000 BC when China was leader in many parts of the world. And the main crop was silk. Price of silk was the main factor the whole economy was depending. on.

Next phase include the Byzantine empire, and price of gold currency goes way down due to adding impurities in the form of silver.

Third phase includes the Napoleon-English wars. When people profit on dangling currencies of both countries.

The form of Forex, we are seeing today is more refined as banking+Forex trading. Everything is bonded to the factor of banking. If you will say it digital Forex trading, it will not be wrong.

Dollar is the most important and stable currency throughout the world. Because of those factors, dollar is the most lucrative currency in overall review.