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What I Have Learned From My Research

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When I started this paper, I had very limited understanding of the foreign exchange market, and I also had a limited understanding of the economy and currencies. This paper has given me more knowledge than the average Business student, giving me a huge advantage in the world’s most liquid market Forex. This paper covers what I have learned from my research. To start I learned most of the terms that are commonly used in the foreign exchange market. Next I need to learn some techniques that are used to analyze the market’s behavior. Economics first started with trade. Trade of one item for another item has been around since the dawn of man. Instead of simply trading items people began to use shells or metals like gold or silver to represent a value of an item. The current monetary system was started in this fashion. A piece of paper or metal coin came to replace these items and represented what something was worth. An item could be given a number of currency notes to represent its value. The currency would be traded for an item, instead of trading the items themselves. Economic activity started with this process of buying and selling things that are given a value of currency. As economic systems contained within countries spread outside of their borders, there was a need to determine how much a currency was worth in relation to other currencies. This was the basis for the foreign exchange market. Economics is the study of the production, consumption, and movement of

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