As we can see in our video training, we took a swing trade in the EUR/USD for an 800 plus point move on the upside. We stayed with a Level one risk or $10 per PIP (points in percentage) and came out on top of this volatile forex market.
We did have Trade The Forex Results in real time! FOREX DEMO
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The 3 Biggest Events in Forex Trading History
The forex market is susceptible to all sorts of changes due to global events. However, some are so big that they affect the entire market as a whole. These can take the shape of natural disasters, pandemics, and economic recessions. They affect forex trading strategies and the way that the market functions altogether. Let’s take a closer look at 3 of the most significant events in forex trading history.
While these events are just some of many that have impacted Trade The Forex Results over the years, they are essential. They changed the way trade was made, how countries functioned, and how money changed. Hence, they affected how the trader traded, but how the average Joe paid his bill.
How Can Inflation Affect Your Forex Training Plan?
Forex Market: Plaza Accord-Dollar Devaluation
This happened in 1985. It was a collaborative effort of the US, West Germany, France, Japan, and the UK. They managed to devalue the dollar massively. While this took a considerable shot of understanding forex trading, it paid off. The nations were able to do it through a massive central bank-led intervention in the currency markets.
The result was that dollars were sold below market rates. This resulted in the dollar depreciating. It killed the competitiveness of the US industry, and the tech, auto, and machine product exports declined.
Forex Market Watch: Adoption of the Internet
If this wasn’t going to affect Trade The Forex Results, nothing was. The introduction of the internet to the forex market changed it forever. Suddenly, everyone with an internet connection had access to trade. Also, previously unavailable currencies that were used by dictatorial regimes were now available to trade.
As the internet granted access to different products and services, so did it change forex. Now that everyone with access to a computer and internet connection could trade, the number of players was bound to increase.
Also, the speed with which trading could be done would increase exponentially. Before you needed to give brokers a call, ring telephones multiple times to find the correct price of a currency, now, all of that information would be available through the internet and would require the click of a button. It changed forex trading strategies forever. The internet continues to be the number one way that people trade forex today.
Forex Trial: Zimbabwe Dollar Devaluation
The world has seen significant financial crises. There is the Great Depression, the Great Recession, and now the recession that is the result of the COVID-19 pandemic. However, if one nation has seen the most significant lows of economic depression, then it is Zimbabwe.
Zimbabwe was the victim of an economic crisis that lasted for over ten years. From 1999 to 2009, the Zimbabwean dollar went through a massive devaluation.
This resulted in hyperinflation in the nation where people used to line up for bread with thousand-dollar notes. In four years, the central bank of the country issued new currency denominations three times. This was due to the massive devaluation. At one point, the country had a trillion-dollar note. That’s right. You didn’t read that wrong. There are times when understanding forex trading is so hard that markets shrug. Zimbabwe had to find its way for a long time. Today, it uses the euro, pound, dollar, etc., as legal tender, because it just has to.
Further effects on the economy will influence the forex market in the future; that much is inevitable.
