Description: The Small-Trade model: an illustrated story, The Importance of Market Structure on Intraday Trading ( Live Trade illustration ), Forex Trade Management Illustrated, Forex Scalping Strategy Trade Illustrations
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Trade involves the transfer of the ownership of goods or services from one person or entity to another in exchange for other goods or services or for money . Possible synonyms of "trade" include " commerce " and " financial transaction ". A network that allows trade is called a market .
The original form of trade, barter , saw the direct exchange of goods and services for other goods and services. Barter is trading things without the use of money. Later one side of the barter started to involve precious metals, which gained symbolic as well as practical importance. Modern traders generally negotiate through a medium of exchange, such as money. As a result, buying can be separated from selling , or earning . The invention of money (and later credit , paper money and non-physical money ) gre
Trade exists due to the specialization and division of labor, in which most people concentrate on a small aspect of production, trading for other products. Trade exists between regions because different regions may have a comparative advantage (perceived or real) in the production of some trade-able commodity , or because different regions' size may encourage mass production . As such, trade at market prices between locations can benefit both locations.