Money, foreing exchange, Finance

 

Maria Guadalupe Medina Jasso

116492

What does Forex stand for?

Forex stands for foreign exchange and basically mean trading one currency for another

What does Forex refer to?

Trading forex involves the buying of one currency and simultaneous selling of another. 

What is Forex trading?

Is the exchange of different currencies on a decentralised global market. It's one of the largest and most liquid financial markets in the world.

What does Forex trading market refer to?

The forex market is a market that allows participants to exchange one countrie´s currency for another countrie´s currency

How does the foreing exchange work?

Trading forex involves the buying of one currency and simultaneous selling of another. In forex, traders attempt to profit by buying and selling currencies by actively speculating on the direction currencies are likely to take in the future.´

The forex market has no single center of operation,

What do people trade?

International currencies.

How do people trade?

People use different tools that can help make currency trading easier. But it is very common that people change the currency in their local bank or in their computers in the foreign trade market

What is a currency-pair?

A currency pair is a price quote of the exchange rate for two different currencies traded in forex markets

What makes currency- pairs move? 

A pair will move if the base currency weakens or strengthens and/or if the quote currency strengthens or weakens.