Historical Events in the FX Market

Before diving into the inner workings of currency trading, it is important for every trader to understand a few of the key milestones in the foreign exchange marker, since even to this day they still represent events that are referenced repeatedly by professional forex traders. BRETTON WOODS ANOINTING THE DOLLAR AS THE WORLD CURRENCY (1944) In July 1944, representatives of 44 nations met in Bretton Woods, New Hampshire, to create a new institutional arrangement for governing the international...

Multiply Time Frame Analysis

In order to trade successfully on an intraday basis, it is important to be selective. Trend trading is one of the most popular strategies employed by global macro hedge funds. Although there are many traders who prefer to range trade, the big profit potentials tend to be in trades that capture and participate in big market movements. It was once said by Mark Boucher, a hedge fund manager of Midas Trust Fund and a former number one money manager as ranked by Nelson Marketplace's World's Host...

Table of Contents

Chapter 1 Foreign Exchange The Fastest-Growing Market of Our Time. 4 Effects of Currencies on Stocks and Bonds. Comparing the FX Market with Futures and Equities. Who Are the Players in the FX Market Chapter 2 Historical Events in the FX Market. 17 Bretton Woods Anointing the Dollar as the World Currency 1944 . End of Bretton Woods Free Market Capitalism Is Born 1971 . Plaza Accord Devaluation of U.S. Dollar 1985 . George Soros The Man Who Broke the Bank of England. Asian Financial Crisis...