Forex trading - Study guides, Revision notes & Summaries

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...

Trading view - ANSWER-Free, analysis, info, etc, chart markup. When to trade forex - ANSWER-4 sessions, market overlaps Sydney session - ANSWER-5pm-2am. Marks the start of the trading day, smallest and calmest session to trade, Tokyo session - ANSWER-7pm-4am. Starts the second trading session of the day, 3rd largest trading center in the world, JPY makes its move and is the 3rd most traded currency pair in the world (6% of total forex transactions), Asian session - ANSWER-5pm-4am. Sy...

Forex - ANSWER-Foreign Exchange (FOREX) refers to the foreign exchange market. It is the over-the-counter market in which the foreign currencies of the world are traded. It is considered the largest and most liquid market in the world. Pair - ANSWER-A currency pair is the quotation and pricing structure of the currencies traded in the forex market; the value of a currency is a rate and is determined by its comparison to another currency. The first listed currency of a currency pair is called ...

What is Forex and how is it quoted - ANSWER-*simultaneous exchanging of one currency for another *Currencies are always priced in pairs - Most currencies are quoted in European terms, ie amount of fx per $1 » The USD is the base currency (always $1) (the denominator) and the second is the counter or quote currency or variable amount (the numerator) » The base is always quoted first as in dollar-yen or dollar swissie Where is Forex traded - ANSWER-No physical location or central exch...

Currency Futures - ANSWER-contracts to buy or sell amounts of specified currency at some future date Currency Options - ANSWER-The option or the right, but not the obligation, to exchange a specific amount of currency on a specific future date and at a specific agreed-on rate Downside of Currency Options - ANSWER-limited hours and lower liquidity Currency ETFs(Exchange Traded Funds) - ANSWER-ETFs are created and managed by financial institutions who buy and hold currencies in a fund. Th...

interbank market - ANSWER-Composed of the largest banks in the world, the participants of this market trade directly with each other ("bilaterally") or through voice or electronic brokers (such as EBS Market and Reuters Matching). retail traders - ANSWER-It used to be very hard for us little people to engage in the forex market but thanks to the advent of the internet, electronic trading, and retail brokers, the difficult barriers to entry in forex trading have all been taken down. Large...

Beat The Market Maker Strategy (BTMM) E-BOOK 1

Assignment Correct Answer Any direct or indirect transfer or hypothecation of an investment advisory contract by the assignor Who is not an Investment Advisor? Correct Answer A Bank, Lawyer, accountant, engineer, teach whose performance of such services is solely incidental to the practice of his profession, Broker-dealer (commission only)published of any bona fide newspaper, magazine, business publication, rating systems (Moodys, etc.) What does it mean when someone has "Control"? Corre...

1) The record of international receipts and payments is called the A) U.S. official reserves. B) current account. C) balance of payments. D) official settlements account. E) capital and financial account - ANSWER-C) balance of payments. 2) The balance of payments accounts record all of the following EXCEPT the country's A) international trading. B) domestic investment. C) change in official reserves. D) international borrowing. E) international lending...

Which of the following is NOT true regarding the market for foreign exchange? A) The market provides the physical and institutional structure through which the money of one country is exchanged for another. B) The rate of exchange is determined in the market. C) Foreign exchange transactions are physically completed in the foreign exchange market. D) All of the above are true. - ANSWER-D A/An ________ is an agreement between a buyer and seller that a fixed amount of one currency will be d...