Gold Standard
A type of fixed exchange rate regime that a currency price of gold. Before 1973, the value of the U.S. dollar gold price was fixed, and all other currencies were fixed to the dollar.
There are many factors that affect exchange rates of currencies. However some are more important in currency trading than others. These are; Interest and Inflation rates, Trade balance, Currency market speculation, Foreign investment and Central bank market intervention. Learn how to use these factors in your forex tra ...