Is it better to be high momentum and high volatility or high momentum low volatility to keep up on daily currency levels that change ? I am not into trading per se but am interested in learning it . Serious inquiries only and knowledgeable enquiries only . I am trying to learn and not wasting time. Keep web sites to a minimum unless it explains completely these 2 questions.
iraqisax
Favorite Answer
All the currencies used today by every country are in fact worthless. None of them have any backing. Their perceived value lies in their relative scarcity in comparison to other currency.
Real money has real value. A hundred years ago, virtually all countries were using gold, or silver, or both for money. There were no exchange rates. An ounce of gold in London was equal to an ounce of gold in Berlin, or Rome. Politicians ticked people into accepting unbacked paper currency, which enabled them to steal the people's wealth through inflation. The rest is history.