Want to handle the changeable forex market? Understand the development of forex in the past 600 year

However, everyone is blinded by their bored appearance. In fact, they have rich historical heritage and far-reaching culture. Its rules are extremely challenging, which makes it more attractive. The forex market can be said to be the cleanest investment market: investors do not have to worry about the performance of each stock or insider trading between long and short futures. All investors see the same quotations and graphics at the same time in the world, even Warren Buffett is no exception. It is still an unparalleled financial market with an equally unparalleled size.

The history of forex trading.

Forex trading is not a fresh thing and was invented in ancient times. During the period of rabbinical Code, forex which was named “Convertor” already existed. The main function of “Convertor” was to help people who needed to exchange currency, while taking a commission as a return.

A brief history of forex trading.

Around the 4th century AD, one monopolized forex company was controlled by the Byzantine Government.

In 1472, the first regular bank, Banca Monte Dei Paschi di Siena, was founded at Tuscany, Italy. This bank is still running so far.

In the 15th century, in order to satisfy the currency exchange requirements of textile merchants. The Medici Family opened a bank and the history trading was recorded in a special account book. This kind of account book can display forex accounts , as well as local currency accounts in foreign bank.

From 17th century to 18th century, agents and businessman in Britain and the Netherlands had very frequent forex business.

The history of forex trading in modern times.

In America in 1850, a company named Alexander Brown & Sons started trading forex. This was seen as the first forex market participant. A leader of forex trading in the United States.

In 1880, a trading system based on gold was been established. Therefore, most people consider that year as the beginning of forex trading in modern times.

From 1899 to 1913, forex reserve had increased by10.8%. Gold reserve had only increased by 6.3%, this symbolized the forex market was getting more and more attention.

In 1902, there were two forex brokers launched at London. In 1913, almost half of worlds forex transactions are conducted in sterling. This was of great significance to British capital market. The quantity of forex banks in British increased from three in 1860 to 71 in 1913.

When the Federal Reserve system of the United States was established in 1914, the United States banking system began to print its own currency- Dollar.

After the Second World War, the Bretton Woods Agreement was signed. According to the agreement, the exchange rates of currencies against Dollars can only fluctuate less than 1% above and below. But as time went by the Bretton Woods Agreement was eventually abolished, and the fixed exchange rate was replaced with a floating exchange rate instead.

1973 was a milestone in the worlds forex history. In that year, exchange rate constraints between countries and the limitation in forex trading and bank transactions were terminated. The global forex market entered an era of floating exchange rate.

WikiFX App is a third-party inquiry platform for forex broker. So far WikiFX has collected regulatory information of over 17000 forex brokers and 30 regulators and recovered over 300,000,000.00 USD of the victims of forex scam.

It, possessed by Wiki Co., LIMITED, was established in Hong Kong Special Administrative Region of China, mainly providing basic information inquiry, regulatory license inquiry, credit evaluation for the listed brokers, platform identification and other services. At the same time, WikiFX has set up affiliated branches or offices in Hong Kong, Australia, Indonesia, Vietnam, Thailand and Cyprus and has promoted WikiFX App to global users in more than 14 different languages, offering them an opportunity to fully appreciate and enjoy the convenience Chinese Internet technology brings. WikiFXs social media account as below:

Facebook:

Nigeria Area：https://www.facebook.com/WikiFX.ng

LinkedIn:

Nigeria Area：https://www.linkedin.com/company/31506916

Twitter：

Nigeria Area：https://twitter.com/WikiFX_NG

Wiki Forum Forum Function:

In order to help more investors, WikiFX has launched the “WikiFX Forum” forum, which aims to provide urgently needed and professional services to Nigerian forex investors.

The exposure function of “WikiFX Forum” includes the following features:

1: Allow investors who have been defrauded by illegal broker to complain directly in the forum (as shown in the screenshots)

As long as there is sufficient evidence, a review panel and an executive team will contact the broker to discuss the complaint or expose it directly through the media. Here are the exposure channels:

2: Block low score brokers from entering the forum

3: Monitor suspicious communication in real time, and directly spot and deal with suspicious fraud;

4: Negotiate with highly reliable brokers selected by WikiFX in the secure environment of WikiFX Forum.

WikiFX APP exposure channel: https://activities.wikifx.com/gather/indexng.html

Information page to understand forex scam and exposure channel: https://activities.wikifx.com/gather/indexng.html

Website exposure channel: https://exposure.wikifx.com/ng_en/revelation.html

Worried about missing out latest trends in the volatile market？ WikiFX ‘News Flash’ is here to help!

With 24-hour real-time update of forex market data by minute, you can seize the opportunity of every bullish market! Bookmark the link below and follow the market trends immediately!

Nigeria Area：https://live.wikifx.com/ng_en/7x24.html