Thursday, March 11, 2010

guide to financial market

The word “market” usually conjures up an image of the bustling, paperstrewn floor of the New York Stock Exchange or of traders motioning frantically in the futures pits of Chicago. But formal exchanges such as these are only one aspect of the financial markets, and far from the most important one. There were financial markets long before there were exchanges and, in fact, long before there was organised trading of any sort.

Financial markets have been around ever since mankind settled down to growing crops and trading them with others. After a bad harvest,those early farmers would have needed to obtain seed for the next season’s planting, and perhaps to get food to see their families through.Both of these transactions would have required them to obtain creditfrom others with seed or food to spare.


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guide to financial market

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