So lets have a simple chat on what Currency is. Our goal really is to keep things simple so we can focus on the important things. So lets dive in!
Who, What, When, Where, Why, and How?
Who made, has, and trades Currency?
No one person can be attributed to creating currency, but it came into recorded history around 2,000 BC. Today many people from all over the world have currency. Used to buy food, goods, and services everyday. When it comes to trading however, currency is traded by Retail Traders (you and I), Banks, Brokers, and Multi-National Corporations, who have a international work-forces.
What is Currency?
The simple answer? Money. Currency is what all countries trade, barter, or do business with. It's valued based on many economic factors which we will discuss at another time. It comes in the form of metals or paper materials, and now even digital due to modern advances of technology.
When is Currency made, used, or traded?
Currency is made in two ways. 1st is when the Federal Reserve requires more to be printed based on demand for it. The 2nd way money is made is when we profit from some form of transaction weather business or trading. It is used in all type of transactions like buying cars, grocery shopping, or even downloading your favorite app. Currency is traded on the Global Markets during its trading times which start on Sundays at 5:00pm EST to Friday 4:00pm EST. The saying goes it's 24/5!
Where is Currency held, made, or traded?
Currency is made at authorized locations by Central Banks at the request of the Central Bank for countries around the world. It is held by banks, brokers, and people, in a digital or physical form. Currency is traded globally through exchanges, banks, and brokers around the globe digitally; which is where we also do our international trading.
Why is Currency used or traded?
As we've learned previously Currency is used to transact business. Originally Currency came in the form metal, and then eventually paper currency came into play. Metal Currency was first used as a receipt of stored commodities before taking on major value, and Paper as I-Owe-You debt notes. However hundreds of years later the form of currency we have today holds value itself, and is a combination of the two. Why is it traded? One reason is Multi-National Corporations pay there international work force in the Countries currency of choice. Traders like you and speculate on currencies change in value and make business out of it.
... And HOW is Currency traded?
We bet this is the question you wanted to know in the first place. Well this is not a simple answer as you may already know, and so we will take our time to answering the many layers of this question in future posts.
We hope this introductory breakdown of Currencies helps, and we are excited to get into the good stuff coming soon! Stay Tuned.
- Remember Keep your Head in the Clouds-
Who, What, When, Where, Why, and How?
Who made, has, and trades Currency?
No one person can be attributed to creating currency, but it came into recorded history around 2,000 BC. Today many people from all over the world have currency. Used to buy food, goods, and services everyday. When it comes to trading however, currency is traded by Retail Traders (you and I), Banks, Brokers, and Multi-National Corporations, who have a international work-forces.
What is Currency?
The simple answer? Money. Currency is what all countries trade, barter, or do business with. It's valued based on many economic factors which we will discuss at another time. It comes in the form of metals or paper materials, and now even digital due to modern advances of technology.
When is Currency made, used, or traded?
Currency is made in two ways. 1st is when the Federal Reserve requires more to be printed based on demand for it. The 2nd way money is made is when we profit from some form of transaction weather business or trading. It is used in all type of transactions like buying cars, grocery shopping, or even downloading your favorite app. Currency is traded on the Global Markets during its trading times which start on Sundays at 5:00pm EST to Friday 4:00pm EST. The saying goes it's 24/5!
Where is Currency held, made, or traded?
Currency is made at authorized locations by Central Banks at the request of the Central Bank for countries around the world. It is held by banks, brokers, and people, in a digital or physical form. Currency is traded globally through exchanges, banks, and brokers around the globe digitally; which is where we also do our international trading.
Why is Currency used or traded?
As we've learned previously Currency is used to transact business. Originally Currency came in the form metal, and then eventually paper currency came into play. Metal Currency was first used as a receipt of stored commodities before taking on major value, and Paper as I-Owe-You debt notes. However hundreds of years later the form of currency we have today holds value itself, and is a combination of the two. Why is it traded? One reason is Multi-National Corporations pay there international work force in the Countries currency of choice. Traders like you and speculate on currencies change in value and make business out of it.
... And HOW is Currency traded?
We bet this is the question you wanted to know in the first place. Well this is not a simple answer as you may already know, and so we will take our time to answering the many layers of this question in future posts.
We hope this introductory breakdown of Currencies helps, and we are excited to get into the good stuff coming soon! Stay Tuned.
- Remember Keep your Head in the Clouds-