It may seem that a brief history has nothing to do with currency trading, which takes place today, but even a modest perspective adds some essence and depth of knowledge for the trader. "A person who has information only about his own generation is always a child," George Norlin once said.

Chronological stages of a brief history

  • Ancient times
  • Gold Standard, 1816-1933
  • Federal Reserve System (Fed)
  • Assets and currency commission fee, 1933-1934
  • The Bretton Woods system, 1944-1973
  • The end of the Bretton Woods system and the arrival of floating exchange rates
  • International Currency Market
  • The New Millennium
  • The appearance of the euro
  • CFTC and NFA
  • History of the currency exchange development