Forex – History Of Banking – Federal Reserve
Most people think that the Federal Reserve is a government organization. It makes perfect sense, doesn’t it? It has the word “Federal” in it, it has a.gov website, and it controls our monetary policy and interest rates. It must be part of the government, right? The Federal Reserve is actually a private corporation. They’ve done an extraordinary job of hiding the fact that they are a private bank. The fact remains, however, that the Fed is a private corporation. It’s stock is traded by non-government, private individuals and corporations. The Federal Reserve system was enacted on 23 December, 1913. It was voted on by a handful of legislators when most of Congress was out for the holiday season. The act was quickly signed into law by President Woodrow Wilson.
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Forex Trading – Everything You Need to KnowThe Foreign Exchange Market or Forex is the market where currencies are traded. It is the largest financial market in the world. It is larger than all the bond markets combined. Almost a trillion dollars in volume is traded daily on the Forex markets. There are many people who have made millions in Forex trading. Here is a quick guide to what you can expect in Forex trading.
