Written By Zsolt Jirka Aspect Takeaway Purpose Why Forex trading is pursued for profit by predicting currency value changes and for hedging against losses. Benefits Low transaction costs and the use of leverage are major attractions. Risks High volatility, potential for rapid loss, especially with leverage. Success Factors Requires understanding of the global economy, a…

Written By Zsolt Jirka Key Milestone Key Takeaways The History of Forex Trading Barter System The original form of trading, involving direct exchange of goods without a standardized currency. Gold Coins Introduced as a standardized medium for trade, making transactions easier and more universal. Gold Standard Allowed currencies to be valued in terms of gold,…