XTrend, Revolutionizing Forex Trading

XTrend, Revolutionizing Forex Trading


The history of currencies and trading is as old as humankind itself. Several Talmudic writings dating back to thousands of years spoke of people who assisted others in transactions for a fee. Today, these individuals would be called brokers. Roughly 2500 years ago, it was common for the Egyptians and Greeks to trade currencies and goods with silver and gold coins. Their weights and sizes determined their value. Five hundred years later, the Roman Empire centralized currency minting and established a government-run monopoly.

Around five hundred years ago, the world's first forex market was established. The exciting possibility to freely trade currencies was a step towards stabilizing currency exchange rates. From Amsterdam, Forex trades were initiated throughout the world. In 1875, the gold standard was established to guarantee the value of a currency. By 1913, the number of Forex trading firms increased from 3 to 71 in London within a span of only ten years.

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