Courses Infomation

Nation, State and the Economy in History by Alice Teichova

Nation, State & the Economy in History by Alice Teichova

Forex Trading – Foreign Exchange Course

You want to learn about Forex?

Foreign exchange, or forex, is the conversion of one country’s currency into another.
In a free economy, a country’s currency is valued according to the laws of supply and demand.
In other words, a currency’s value can be pegged to another country’s currency, such as the U.S. dollar, or even to a basket of currencies.
A country’s currency value may also be set by the country’s government.
However, most countries float their currencies freely against those of other countries, which keeps them in constant fluctuation.

Alice Teichova – Nation, State & the Economy in History

Review

“…the editors and authors deserve praise for delivering a lively, clearly written discussion of an important theme, a significant addition to our understanding of fundamental social relationships and a model for future research.” Business History Review

“In general, as the authors are eminent economic historians they are aware that economies change over time.” Journal of World History, Frank B. Tipton, University of Sydney

Book Description

At a time of persistent national strife on a world-wide scale, this book addresses the subject of the reciprocal relationships between nationalism, nation and state-building, and economic change, which has been little-discussed in the vast literature on nationalism. The exploration of the economic element in the building of nations and states cannot be confined to Europe, and therefore the diverse yet interlinked case-studies in this volume cover all continents.

Archivepage

What is forex?

Quite simply, it’s the global market that allows one to trade two currencies against each other.

If you think one currency will be stronger versus the other, and you end up correct, then you can make a profit.

If you’ve ever traveled to another country, you usually had to find a currency exchange booth at the airport, and then exchange the money you have in your wallet into the currency of the country you are visiting.

Foreign Exchange
You go up to the counter and notice a screen displaying different exchange rates for different currencies.

An exchange rate is the relative price of two currencies from two different countries.

You find “Japanese yen” and think to yourself, “WOW! My one dollar is worth 100 yen?! And I have ten dollars! I’m going to be rich!!!”
When you do this, you’ve essentially participated in the forex market!

You’ve exchanged one currency for another.

Or in forex trading terms, assuming you’re an American visiting Japan, you’ve sold dollars and bought yen.

Currency Exchange

Before you fly back home, you stop by the currency exchange booth to exchange the yen that you miraculously have left over (Tokyo is expensive!) and notice the exchange rates have changed.

It’s these changes in the exchange rates that allow you to make money in the foreign exchange market.

Salepage : Nation, State and the Economy in History by Alice Teichova