Penulis : Forex World Development
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Forex World Development
Forex World Development
Foreign Exchange market developments, better known as Forex, has shown a very amazing graphics. In the decade of the 1980's, forex trading value only around $ 70 billion. But in the next 2 decades the transaction value has reached $ 1.5 trillion, and the latest data precisely in May of 2009 showed a fantastic transaction value, the total could reach up to $ 3.2 trillion.
Foreign Exchange market developments, better known as Forex, has shown a very amazing graphics. In the decade of the 1980's, forex trading value only around $ 70 billion. But in the next 2 decades the transaction value has reached $ 1.5 trillion, and the latest data precisely in May of 2009 showed a fantastic transaction value, the total could reach up to $ 3.2 trillion.
Developments - twps2 - pendulangforex
It feels less complete if we only discuss the ins and outs of Forex, without knowing the background of the emergence of the forex world itself. Actually, how the development of forex could get into a business that is so large that it is today? Then what factors contributed to its development? The following I will try to review the development of world currency exchange that ultimately lies behind the emergence of the world of Forex.
1 Currencies
Coin currency was first used at the time of Zahiliyah, precisely in the kingdom of Pharaoh. While the used paper currency first time in Babylonian times.
Bretton Woods 2 system - 1944
On 22 July 1944 has held a large-scale international monetary conference, which was then known as "The Bretton Woods Conference", which was attended by 44 countries. Where the intention of holding the conference aims to develop a plan in the making of the monetary system. Two years after the conference, so established the IMF and World Bank to oversee the system.
3 Standardization Gold - 1800
In these years, the value of the currency is guaranteed by pure gold, which is the standard of the country. With hope, the value of the European currency country and the United States was relatively stable at the moment.
4. Floating Exchange Rate System
Bretton Woods system last up to 30 years, because some countries are still experiencing severe economic crisis. On August 15, 1971, President Nixon announced the Floating Exchange Rate System for the first time. About This reaffirmed "Smithsonian Conference" in December 1971 in Washington. With the birth of a more simple floating system that applies to up to now which is in turn followed by other countries.
5. Forex in the 1980s
In trade transactions continent of Asia, Europe and America is rapidly increasing, rather than $ 70 billion / day up to $ 1.5 trillion / day. In the next two decades, triggered by the rise in world oil prices and technological advances at the time.
6 Forex in the 1990s In 1990, online Forex trading was initiated, rather diChicago, before about 1987 and began to be used beginning in 1992 System allows traders to conduct transactions over the Internet even though they are far away from the place stock market trading and currency.
7 Forex in the era of the Millennium 21
About dated January 1, 2002, the history of Forex is increasing with the introduction of the Euro currency as the official currency in 12 European countries. Currently, the Euro entered the top five most common currency used in the Forex market. The above description can already be seen that forex developments which have formed an outline of the changes in the world of forex. For that I will parse the 2 indicators of factors that affect the development of technology and the implementation of large memfasilitator regulation in a changing world of Forex. I will also show that without realizing it, that the philosophy underlying the factor 2 is nothing else than to increase user will Trading Experience.
The development of the forex world where the perpetrators are collectively become much more responsive to the changes and developments, which occurred over a relatively long time vulnerable and through the evolutionary process continues to this day. Technological factors, there is no doubt to be one catalyst for accelerating the growth of the forex business. Starting from the global development of the first electronic trading system in 1987 by CME Globex which is aided by the mass media networks and their technology Reuter is the forerunner to the birth of the online trading system.
By using the internet, forex trading can be done online through hundreds of brokers using some kind of trading platform. Market players no longer need to come to a place of trade and currency exchanges, but they can trade from your home or office enough. Technological factors that provide a lot of convenience, to make forex as one branch of the investment with a multi-million transaction value and continue to grow rapidly for 3 decades.
Then comes another factor that supports the advancement of forex is the lack of regulation that continue to be formed and developed in an effort to ensure the safety of the business, particularly for its investors. With the willingness to form a rule in the forex trading process began in 2000 marked initiated by President Bill Clinton, along with the American Congress and associations forex trade associations at the time becoming the inception bodies and associations which regulates forex such trading, the National Futures Association (NFA), the Commodity Futures Trading Commission (CTFC), America and the Financial Services Authority (FSA), UK. Where the regulations that have been successfully formulated, making forex business more secure and growing towards the better.
I just want to emphasize that both intentional or not, is actually the basic philosophy of the Forex world that has "berkembeng and adapt" is: An increase to the User Trading Experience. As described above, which facilitated the development of the Forex world there are at least two things;
Birth of technological development in the forex trading system development.
The existence of the regulation which may exacerbate regulate the perpetrators.
The development of technology (especially the Internet), makes it easy for traders to be trading at a more flexible (eg from home). Convenience for traders synonymous with: better User Experience Trading. Regulations and ordinances that have been set for trading players (one of which is a broker), making the Forex world as a whole, moving towards a more secure and reliable. More secure and trustworthy is very large contributing factor to the convenience for traders which also means: better User Experience Trading. Conclusion, the increase of the User Experience makes Trading forex business from year to year if grown to become one of "the biggest investment market" to be reckoned as one of the investment options for us.
From the above, if you already know about the history of the development of the previous Forex? Here I came to the conclusion that the system of Forex Trading has evolved, which through time and a long process, turned into a "form" which is more in line with the wishes of the trader; traders more user-friendly and better appreciate the desire / willingness of traders to improve their trading experience. And on this day, Forex trading has become an enormous industry, better and quite regularly due to the regulations of the agency having authority.
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