Ekateryna Calderón Hernández
391880
What does Forex stand for?
Foreign Exchange (forex or FX)
What does Forex refer to?
It refers to the market that allows the exchange of currency
What is Forex trading?
Is the exchange of one currency to another for trading purposes.
What does Forex trading market refer to?
The foreign exchange market is the global market for exchanging foreign currencies.
How does the foreign exchange work?
There's not a centralized location, it's open for business 24/7. Transactions in the forex
market are always between a pair of two different currencies and the goal is to make a
profit, that is getting more money than the originally spent.
What do people trade?
Different currencies from around the world.
How do people trade?
They sell or buy from whomever they can, it depends on predictions about the market.
What is a currency-pair?
The difference in value between 2 different currencies
What makes currency- pairs move?
Inflation, suppy and demand, rate of unemployement, or monetary policies, etc.
I have always found the topic of the currency market curious and interestingHowever, I feel that it is too complicated a subject that requires a lot of preparation and skills to know how to handle it.
ReplyDeleteVery good answers, I agree with many of them. I consider this topic to be somewhat complicated to explain but you were able to summarize it well.
ReplyDeleteI agree with your answers, they are clear and simple. The topic has been very interesting for me, especially because of the variety of currencies that exist in the world, we have a long list of options to trade.
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