4. Money, Foreign Exchange, Finance

 4. Money, Foreign Exchange, Finance

 

Name: Daniel Chavez Martinez

Nua: 116955

 

·       Answer the following questions in complete sentences.

 

1.     What does Forex stand for?

Foreign exchange 

 

2.     What does Forex refer to?

It refers to the different foreign currencies that exist in the world and can be exchange one for another according to its price in the market.

 

3.     What is Forex trading?

Is the trading from one currency to another.

 

4.     What does Forex trading market refer to? 

Is a market that allows participants to exchange one country’s currency for another’s country’s currency, in other words to trade currencies.

 

5.     How does the foreing exchange work? 

Foreign exchange can be as simple as changing one currency for another at a local bank. It can also involve trading currency on the foreign exchange market. For example, a trader is betting a central bank will ease or tighten monetary policy and that one currency will strengthen versus the other.

 

6.     What do people trade?

Currencies.

 

7.     How do people trade?

People often exchange currrency at their local bank or in their computers in the foreign trading market using local currency to be traded for other currencies.

 

8.     What is a currency-pair?

It’s when a individual buys a currency and sells a currency at the same time, this combination of the two currencies is called a currency pair.

 

9.     What makes currency- pairs move?

The currency pairs will move if the base currency weakens or gets stronger.