Forex market - Study guides, Revision notes & Summaries

What is Forex? - ANSWER-The global market that allows one to trade two currencies against each other. True of False: If you think one currency will be stronger versus the other, and you end up correct, then you can make a profit. - ANSWER-True. What is an Exchange Rate? - ANSWER-The relative price of two currencies from two different countries. FOREX, or "FX" stands for: - ANSWER-Foreign Exchange Market. True or False: FX market is a global, decentralized market where the wor...

The foreign exchange (forex) market is a global market that allows you to trade ONE currency pair against another currency pair. - ANSWER-Forex is a global, decentralized market that allows you to trade two currencies against each other. If you think one currency will be stronger versus the other, and you end up correct, then you can make a profit. it's the global market that allows one to trade two currencies against each other. If you think one currency will be stronger versus the other, and...

International Business Chapter 10 with Complete Solutions Foreign Exchange Risk The adverse consequences of unpredictable changes in exchange rates that can affect business deals. For example, major inflation/deflation Exchange Rate The rate at which one currency is converted into another. Exchange rates are explained through the value of another currency Strongest World Currencies US Dollar, Euro, Japanese Yen, British Pound, Swiss Franc Foreign Exchange Markets The market for ...

Forex Trading Complete Course Study FORE Forex trading document, It teaches one on how to trade on the market and enables you to be able to utilise different trading strategies

What is Forex? - ANSWER-The global market that allows the exchange of currency What allows you to make money in the forex exchange? - ANSWER-Changes in exchange rates What does Forex stand for? - ANSWER-Foreign Exchange Market What is the daily trade volume of forex? & What is the daily trade volume for retail traders (us)? - ANSWER-$5 trillion - $1.8 Trillion What is the trade volume of the NYSE? - ANSWER-$22.4 billion What is traded in Forex? - ANSWER-Fiat & Crypto Currency H...

Foreign Exchange (forex) Market - ANSWER-This promotes efficient cross-border trade by facilitating currency conversion. Also facilitates international investment and capital flows Foreign Exchange - ANSWER-This is a commodity consisting of currencies issued by countries other than one's own Demand for Foreign Exchange - ANSWER-This is downward sloping, indicating that firms and individuals will demand less foreign exchange at higher prices. This is a derived demand. Supply of Foreign ...

Foreign Exchange Market (FOREX) - ANSWER-A market for converting the currency of one country into that of another country Arbitrage - ANSWER-The process of buying a currency low and selling it high The U.S. Dollar - ANSWER-Which currency is a vehicle currency? The four main uses for FOREX markets - ANSWER--Receipt of payments through exports, investments or licensing -payments for products or services to a foreign country in its currency -for investments when firms have spare cash -c...

FOREX - ANSWER-foreign exchange market Main Task of a Trader - ANSWER-To BUY a currency pair when exchange rates are expected to rise in the future, then SELL a currency pair when its exchange rate is expected to fall Majors (Currency Pairs) - ANSWER-Represent developed economies and are highly liquid with low spreads. They are stable and predictable in relation to other asset classes such as small cap equities and stocks. Major Currency Pairs include: - ANSWER-EUR/USD, GBP/USD , USD/JP...

What is the Foreign Exchange Market aka Forex (FX or FRX)? - ANSWER-The exchange or buying and selling of foreign currencies. How much volume is generated in the Forex Market daily? - ANSWER-$5 trillion a day When does the Forex market open? - ANSWER-6:00am Sydney Australian Time Sunday. 14 hours ahead What was the evolution in systems that eventually created the Foreign Exchange Market? - ANSWER-Bartering, Commodity, Coinage, Paper Money, Foreign Exchange Market What is the Forex ma...

What is the FOREX market? - ANSWER-Online exchange or buying and selling for all foreign currency pairs around the world How can you make money in the Forex market? - ANSWER-You can choose to buy or sell currencies and if you forecast the move correctly, you can make a profit What is a major pair? - ANSWER-Currency pairs where one currency is the US dollar. (USDJPY, EURUSD) What is a minor pair? - ANSWER-Currency pairs that don't involve the US dollar What are examples of some Exoti...