| A Beginner’s Guide to Forex Trading Posted: 30 Apr 2012 05:00 AM PDT Early History Before currencies existed, people traded on a barter system. The mains challenges of bartering were agreeing on the relative values of the items being bartered and making sure that both parties had something the other wanted. The concept of commodity currencies arose to meet both these challenges. Staples that would always be in demand, such as rice, salt, tea, or seeds, became commodity currencies because people could agree on their value and they could be freely traded for other goods. Commodity currencies had their own disadvantage. They’re heavy and difficult to move around. Different civilizations ... Related posts: - Beginners Guide to Facebook Advertising
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