History of forex trading.................

1. 

   History

   • Foreign exchange earnings date back centuries, to the time when explorers and merchants traveled to distant foreign lands and bartered their goods for items of value from the native population.
     

   Significance

   • Foreign exchange earnings are one of the most significant factors affecting the profitability of thousands of companies around the world. Many of them earn more in foreign countries than they do in their own domestic market.
     

   Geography

   • Major multinational companies have operations in almost every country in the world, often allowing them to earn profits in dozens of different foreign currencies.
     

   Size

   • Foreign earnings account for almost half the profits made by many multi-billion-dollar global companies like Coca Cola, Pepsi, and Procter and Gamble.
     

   Benefits

   • The primary benefit of foreign earnings is that companies and countries are not exclusively dependent on domestic consumption. Earning profits in foreign countries helps them to diversify risks and expand opportunities.