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INTRODUCTION
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Forex market

It is important to understand that in the forex market you are trading currency pairs as a single unit. These pairs consist of two different currencies and are priced based on the value of one currency divided by the other. Technically you are making two trades when you trade any forex pair. You are buying one currency while simultaneously selling the other. For example: with the AUD/USD you are buying the AUD while selling the USD when you go long the pair. _______________________________________________________

Wednesday, May 13, 2009

Trading Communities and Customs Unions

Several trading communities have been established to promote trade among countries that have common economic and political interests or are located in a particular region.

Within these trade groups, preferential tariffs are administered that favor member countries over nonmembers. Non-Communist countries encouraged trade-promoting programs to stimulate the redevelopment of economies ruined during World War II.

The North American Free Trade Agreement (NAFTA), ratified by Mexico, the United States, and Canada in 1993, was designed to bring about a free market in everything produced and consumed in the three countries.
Posted by: Gardo @ 8:37 PM

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