Long term trading ki strategy

trading via online portals has made it easier for retail traders to trade in the foreign exchange market. By 2010, retail trading is estimated to account for up to 10% of spot turnover, or $150 billion per day (see retail foreign exchange platform).

Fixed income

Reuters introduced during June 1973 computer monitors, replacing the telephones and telex used previously for trading quotes.[43]

Markets close[edit]
Due to the ultimate ineffectiveness of the Bretton Woods Accord and the European

Joint Float the forex markets were forced to close sometime during 1972 and March 1973.[44][45] The very largest of all purchases of dollars in the history of 1976 was when the West German government

achieved an almost 3 billion dollar acquisition (a figure given as 2.75 billion in total by The Statesman: Volume 18 1974), this event indicated the impossibility of the balancing of exchange stabilities by the measures

of control used at the time and the monetary system and the foreign exchange markets in "West" Germany and other countries within Europe closed for two weeks (during February and, or, March 1973.

U.S. President Richard Nixon is credited with ending the Bretton Woods Accord and fixed rates of exchange, eventually bringing about a free-floating currency system. After the ceasing of the enactment of the "Bretton

Woods Accord" during 1971,[32] the Smithsonian Agreement allowed trading to range to 2%. During 1961–62, the amount of foreign operations by the U.S. Federal Reserve was relatively low.[33][34] Those

involved in controlling exchange rates found the boundaries of the Agreement were not realistic and so ceased this in March 1973, when sometime afterward none of the major currencies were maintained

with a capacity for conversion to gold, organisations relied instead on reserves of currency.[35][36] During 1970 to 1973 the amount of trades occurring in the market increased three-fold.[37][38][39]

At some time (according to Gandolfo during February–March 1973) some of the markets' were "split", so a two tier currency market was subsequently introduced, with dual currency rates. This was abolished during March 1974.[40][41][42]

The year 1973 marks the point to which nation-state, banking trade and controlled foreign exchange ended and complete floating, relatively free conditions of a market characteristic of the situation in contemporary times nal trade.[55]

began (according to one source),[50] although another states the first time a currency pair were given as an option for U.S.A. traders to purchase was during 1982, with additional currencies available by the next year.[51][52]

On 1 January 1981, as part of changes beginning during 1978, the People's Bank of China allowed certain domestic "enterprises" to participate in foreign exchange trading.[53][54] Sometime

during the months of 1981 the South Korean government ended forex controls and allowed free trade to occur for the first time. During 1988 the countries government accepted the IMF quota for internatio