PROMOTE GROUP was founded with a purpose of specializing in the forex brokerage with access to all banks execution and very low pricing. We continue to provide the lowest cost to any forex trading as we continue to work out hard to make better our system for our traders. Further we also place much focus on a low existing potential, above quality execution with leverages that is flexible in nature and most importantly a trusted trading system framework.
History of Forex
The creation of the gold standard monetary system started in 1875 as one of the most important events in the history of the forex market. Before the gold standard was created, countries would commonly use gold and silver as their method of international payment. The volume of trading has increased dramatically over time especially in 1971 when foreign exchange started to be allowed to float. Today all business sectors related to the trading industry use Forex Market to use the services, transact in all financial assets and reduce risk of currency movements by hedging exposure to the markets all over.
Central marketplace is no longer needed for currency exchange as trading is conducted over the counter or online with the advancement of technology. Forex markets are available 24 hours on 5.5 days a week basis and currencies are being traded universally among the major financial centers of every great Cities. There is no inside information in the foreign exchange market. Rates fluctuate and it is usually caused by actual monetary flows. Relevant and Significant news are released from time to time publicly so that everyone in the world will receive the same news uniformly all the time.