01 — BEFORE FINANCIAL MARKETS 

Long before modern exchanges existed, people traded goods.

Farmers, merchants, craftsmen and traders exchanged things such as:

• Grain

• Livestock

• Metals

• Spices

• Clothing

• Tools

• Land

• Other valuable goods

At this stage, there were no candlestick charts.

No Buy button.

No Sell button.

No stop loss.

The market was simply:

Buyer ↔ Seller

Dfinance Logic

At its foundation, every market still works around the same basic question:

Who is willing to buy, and who is willing to sell — and at what price?

Imagine a farmer has 100 bags of wheat.

If many people want the wheat but only a few sellers have it, buyers may compete for it.

The price can rise.

If sellers have plenty of wheat but buyers are limited, sellers may compete for buyers.

The price can fall.

This is the foundation of supply and demand.