For as long as humans have needed to exchange goods, they’ve traded with each other. From the first merchant colonies to the recent expansion of cryptocurrencies, let us take you on a short journey through the history of trading.
19th century BCE
Records attest to the existence of an Assyrian merchant colony at Kanesh in Cappadocia.
Marco Polo traded internationally in China. In the 1300s, Venetian moneylenders began to sell debt issues to other lenders and to individual investors.
The first modern stock, for the Dutch East India Company, was traded on the Nieuwe Brug in Amsterdam.
The first stock exchange in London was officially formed, 19 years before the New York Stock Exchange. The first stock exchange in the U.S. was the Philadelphia Stock Exchange, but the NYSE quickly became more powerful.
The Gold Standard Monetary System was created, marking the most essential event in the history of currency trading.
The Dow Jones Industrial Average launches with 12 smokestack companies. Price changes are calculated daily by pencil and paper.
The Dow Jones Industrial Average lost 50% during one of the most famous stock market crashes, the Black Thursday, which started October 24, 1929.
Nasdaq, the world’s first electronic stock market, was created so that investors could trade securities on a computerized, speedy, and transparent system. The same year, Bretton Woods Agreement broke down and the modern foreign currency exchange was born.
The American cryptographer David Chaum developed a cryptographic system called eCash. 15 years later, Wei Dai began to think about developing a new payment method that used a cryptographic system and whose main characteristic will be decentralization.
On October 19 took place the Black Monday, a crash that began in Hong Kong and quickly spread around the world. It’s the largest one-day percentage decline in stock market history – the Dow Jones fell by 22.6% in a day.
The first generation of forex online trading platforms is born. Now basically anybody is able to trade currencies online.
2007 marked the beginning of the Great Recession. Starting in 2007 and lasting through 2009, financial markets experienced one of the sharpest declines in decades.
The so-called Satoshi Nakamoto a person whose identity is still secret, created the first cryptocurrency, Bitcoin.
AdelTrade, the most comprehensive gaming platform for traders, is born. Traders apprentices can now learn how to trade without taking any risks, playing virtual money in real market conditions.